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
Innovative grid technologies can improve renewable energy integration in the Latvian grid by up to 40%
—The power grid faces challenges in managing the increasing amounts of new wind and solar power generation. Grid Enhancing Technologies (GETs) are essential for optimizing the use of the existing infrastructure. Artelys carried out a study for Latvian Transmission System Operator (TSO) AST to assess the renewable generation hosting capacity of the transmission grid and to evaluate the benefits that GETs can provide to renewable integration. The study performed simulations using the open-source optimal flow tool, PowSyBI Metrix. Results show that Grid Enhancing Technologies can increase Renewable Energy Sources (RES) hosting capacity by up to 40% and were announced in the following press release.
Artelys Knitro 14.1: delivers very quick solutions on non-convex models
— We are pleased to announce that Artelys Knitro 14.0 is now available! This new version enables compagnies to solve complex non-linear optimization problems with unprecedented efficency and precision.
You missed the METIS 3 Dissemination event? The slides are now available!
— Artelys was thrilled to organize the METIS 3 Dissemination webinar on April 17, which was a great opportunity to present key studies and upgrades of METIS models and datasets conducted in the last four years, including exciting discussions with external panelists!
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.
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