Artelys amongst the top ten finalists of the ARPA-E Grid Optimization Competition
In order to accelerate transformational energy innovations that will create a more secure, affordable and sustainable American grid, ARPA-E has established the Grid Optimization (GO) Competition. The GO Competition challenges participating teams to develop and test power system optimization and control algorithms on a range of different synthetic and real network models.
Challenge 1 focused on security-constrained optimal power flow (SCOPF). The optimal power flow (OPF) problem aims to find the optimal dispatch and control settings for power generation, flexible customer demand, energy storage, and grid control that maximize one or more grid objectives, while the SCOPF problem additionally considers security constraints. Challenge 1 allowed the entrants to submit strategies and algorithms for solving such problems and the generated solutions were scored using four different metrics. The NU_Columbia_Artelys team, led by Artelys’ senior scientist Richard Waltz, finished in the top 10 teams across the four-scoring divisions using a software solution built around the industry leading Artelys Knitro nonlinear optimization solver.
Improved SCOPF algorithms can yield significant monetary savings and more powerful nonlinear optimization algorithms help ensure reliable system operations as power flows become more dynamic. As the number of controllable resources connected to both transmission and distribution grow substantially, along with the reliance on stochastic resources, it is important to examine approaches that will handle the increasing complexities driven by the size, non-convexities, and uncertainties associated with power grid management problems. Participating in the design of improved algorithms was no small feat and thereby we would like to applaud again the NU_Columbia_Artelys team for their input in advancing optimization methods for the power grid.
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.
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.
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