The first step to energy system transformation is the build-up of renewables. We know that enough renewable energy is available to supply our needs and have the technology to harvest it economically. Fossils that used to supply energy are now being replaced by renewables, and now system operation must change. We also just learn that there is huge and largely untapped potential of demand flexibility that provides cheap energy storage. In an “all electric” system heating and mobility are de-carbonized and these load profiles can be adapted to generation patterns of sun and wind, and chemical storage of electricity is needed only at quickly shrinking quantities and for back-up. What remains to be solved is the mechanism to orchestrate all these system elements in an efficient, transparent and resilient way, ideally using market instruments.
Just as energy system topology changes from hierarchical to decentral and from linear to cellular elements, so do the roles of actors and management principles: Attention shifts from power plants and utilities to prosumers around which the energy system must be built. The way market and physics are separated is increasingly becoming unsustainable, and data protection, security of supply and protection against cyber-attacks or black-outs are becoming essential.
Our technology provides powerful tools to derive price signals from grid state variables, enabling market forces to provide the bulk of energy balancing and congestion management services in real time. This opens up attractive new options of zonal and congestion pricing, real-time markets to provide smart balancing and control power from customer flexibility, and productive collaboration between energy communities and industrial sites, each managed by their own local energy management instruments. We offer expertise and consulting to develop and assess such options, and transfer our know-how to detail and implement them.
- Combination of markets and cyber-physical system for highest performance at lowest cost
- Better grid and market topologies using new cellular or zonal approaches
- Seamless integration of market operation and grid-code-defined exception handling
- Access to simulation and experimental results as well as a research ecosystem
Please contact us with your requirements!