Progress Update - 25th Feb. - 2nd Mar.

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Part A - Machine Learning & Statistics

Development of Power Production

  • Data acquisition for training the machine learning model related to energy production (data related to various energy production methods and meteorological data);
  • Initial data analysis and processing;
  • Further selection and in-depth processing of data, and creation and training of a machine learning model capable of predicting energy production from various sources over a specific period of time (NOTE: the model may be refined or altered in the future as needed);
  • Initial analysis of model performance metrics (r^2 and oob score);
  • Initiating discussions on incorporating the results obtained by this model and its utilization in the overall project (e.g., integration with the energy market prediction model, prototype, and end-user interface).

Machine Learning and Statistics Energy Price

  • Study of the energy market and how prices are calculated;
  • Acquisition of data for training the machine learning model related to energy prices;
  • Analysis, selection, and processing of data;

Part B - Blockchain Transactions

  • Conclusion of the study on how blockchain chains and smart contracts function;
  • Conclusion of the research on the legal conditions our project could face in the future;
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