Artelys has designed and implemented a market clearing algorithm for frequency response
The increasing deployment of renewable electricity in Europe have led TSOs to request higher volumes of electricity reserve products, such as frequency response. In order to stimulate the provision of balancing volume by suppliers, EPEX SPOT created a new platform to hold market auctions for frequency reserve of different types.
Artelys has been commissioned by EPEX SPOT to design and implement the market clearing algorithm with the objective to select the least-cost maximal frequency response volume for TSOs. This new algorithm was designed to handle over 100,000 offers and be flexible enough to easily adapt when new market rules are introduced.
The solution developed by Artelys uses FICO Xpress Optimization Suite to model and solve the different market clearing optimisation problems.
Artelys Knitro 14: new release of our nonlinear optimization solver
— 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.
Artelys to participate in the demonstration of digital twins for optimal grid and market actions in Europe
— Artelys is involved in the three-year Horizon Europe project TwinEU, which aims to create a digital twin of the entire European electricity grid with a unique consortium bringing together grid and market operators, research entities and technology providers.
New method for energy mix pathway optimization problems
— Planning for the energy transition requires the ability to optimize energy system development pathways, considering complex interactions and constraints, particularly concerning interactions between sectors and vectors. In this context, Artelys has developed a new method for solving these large-scale mathematical problems.
Power up your business performances thanks to AI and our service package: Onboarding AI
— The stakes of Artificial Intelligence (AI) have become a strategic issue for companies, regardless of their field of activity or size. As an expert, Artelys provides you with full assistance, from the design stage to the implementation of your first AI solution, by building with and for your team a roadmap tailored to your business.
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