First Guarantees of Origin auctions held by Powernext
The French Department of Energy (DGEC) has appointed Powernext for holding this national registry and for organizing monthly auctions to sell the Guarantees of Origin issued from French renewable power plants under feed-in-tariffs. The GO auctions will help the French State get a new added value from these devices while providing bidders with competitive and tailor-made products. The first auction was successfully held by Powernext on September the 18th.
The auction platform uses a market clearing algorithm designed by Powernext and Artelys and implemented by Artelys for the selection of offers. This algorithm allows GO buyers to differentiate their bids based on technologies, regions, or even specific devices. The market clearing algorithm selects the optimal offers with regards to the auction revenue and equity maximization.
Artelys Knitro is the optimization solver used in the market clearing algorithm and is able to solve the problem in less than a minute.
The press release is available here.
Artelys Participates in the European HyNet Project to Optimize Hybrid AC/DC Power Grids
As part of the Horizon Europe program, Artelys is participating in the HyNet project. This initiative aims to study and optimize the operation of hybrid AC/DC power grids in the context of the rapid growth of power electronics-based technologies and the widespread deployment of distributed energy resources.
Powering Progress: Artelys Algorithms Enable REN’s Integration into the MARI Platform
— Artelys provided the advanced algorithms powering REN’s end-to-end mFRR processes, enabling seamless integration into the MARI platform whose market algorithms are also developed by Artelys.
EEX launches auctions for French Biogas Guarantees of Origin
— The European Energy Exchange (EEX), in collaboration with the French Ministry of Energy, is introducing auctions for biogas Guarantees of Origin (GOs). Artelys provides the market-clearing technology to optimize the auction process, supporting renewable energy certification and decarbonization efforts.
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.
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