A short time after founding the company, our Managing Directors put the quality of the WIEN forecasting system to the test: This resulted in the accreditation of the WIEN modelling process by the Deutsche Akkreditierungsstelle GmbH (DAkkS) in accordance with DIN EN ISO / IEC 17025:2005. The positive result also impressed our customers. Word soon got round about our expertise in the area of wind resource and energy yield assessments in the onshore and offshore field and EuroWind became the supplier of first choice for banks, investors and companies in the wind sector.
But we would not be EuroWind if that had been enough for us. Instead of resting on our laurels, we set to work on new calculation methods. It was our declared aim to also be able to compile daily wind power forecasts. This led to the development of the SOWIE model in 2002. The simulation model for online forecasting of the wind energy supply initially only compiled forecasts for the German market, but subsequently became a top forecasting method for the whole of Europe thanks to a refinement by our employee Béla Reitter. This set another important milestone in our company's history.
The medium-term and short-term forecasts play an important role in the energy industry. Network operators, so-called transmission system operators (=TSO) can use these to estimate the capacity utilisation of their networks and thus provide protection against overloads. Power utilities employ forecasts to better plan their energy mix and control their systems more effectively. And direct marketers also depend on wind and solar energy forecasts, as the market prices for energy are oriented to supply and demand, like other commodities. That means reliable forecasts are vital to every energy dealer.
We not only wanted to promise our customers that our forecasts are rock solid, we also wanted to demonstrate it. We therefore had our SOWIE method certified according to DIN EN ISO / IEC 17025:2005 in 2007. That made us the first German provider with an officially accredited method for windpower forecasting. This unique award has made EuroWind one of the international market leaders for medium-term and short-term forecasts and also ensured the efficient network integration of clean, renewable energy.
This aim remains important to us even today. Following our motto "MAKING RENEWABLES PREDICTABLE", we wish to forecast the output of renewable energies as accurately as possible, thereby making their marketing more profitable, while minimising the need for balancing and control energy and hence making an important contribution to the energy revolution.