Artelys participates in the design of Europe’s aFRR market clearing algorithm
The Platform for the International Coordination of Automatic Frequency Restoration and Stable System Operation (PICASSO) is a project to establish the European platform for the exchange of balancing energy through the activation of automatic Frequency Restoration Reserves (aFRR). The aim of this market is to enhance the economic and technical efficiency of the European power grid security. Automatic Frequency Restoration Reserve controls the frequency towards its set point value and replaces the FCR (Frequency Containment Reserves) within 5 minutes. PICASSO involves the participation of numerous TSOs across Europe.
With close consultation of the PICASSO Expert Group, Artelys designed a price determination scheme for the PICASSO market clearing algorithm. Through Artelys’ experience and expertise on Europe’s balancing markets, the company provided quality analysis on the advantages and drawbacks on the various proposed pricing schemes; identified the pricing scheme that is best fit for purpose; carried out an impact assessment on the market of the scheme; and has delivered a detailed mathematical description of the selected algorithm.
TSOs participating in the PICASSO market
Artelys participates in the demonstration of large-scale underground hydrogen storage in Europe
— Artelys is involved in the five-year project FrHyGe funded by the European Commission via the Clean Hydrogen Partnership.
Artelys continues to expand internationally
With over 20 years of experience in mathematical optimization, Artelys offers a wide range of advanced components to adapt to your most complex challenges on an international scale.
Analysis of the environmental impact of renewable energies
— The study carried out by Artelys highlights the benefits of renewable energies in the fight against climate change. The analysis also looks at other major issues, such as biodiversity, the use of raw materials and the reduction of pollution.
Join us at the METIS 3 dissemination event organized by Artelys!
— Artelys is thrilled to invite you to the METIS 3 Dissemination Event taking place on 17 April. During this online event, we will present the latest results of the METIS project and discuss the benefits of using advanced multi-energy modelling solutions such as METIS for energy and climate policymaking.
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