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 14.1: 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.
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.
subscribe to our newsletters
© ARTELYS • All rights reserved • Legal mentions