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 and Brookfield: innovation partners in hydropower modeling
— Artelys will present the solution Artelys Crystal Energy Planner adopted by Brookfield Renewable during the 11th Hydropower Conference of the Centre for Energy Advancement through Technological Innovation (CEATI) on March 3-4 2020, in Palm Springs, California.
read more
Artelys amongst the top ten finalists of the ARPA-E Grid Optimization Competition
Artelys would like to congratulate the teams that ranked in the top ten of Challenge 1 of the ARPA-E Grid Optimization competition. We would especially like to applaud the NU_Columbia_Artelys team composed of Richard Waltz, Daniel Bienstock and Jorge Nocedal for placing seventh overall and qualifying for the maximum prize money of $400,000.
read more
Artelys tackles road safety challenge with the Loiret department in France
Artelys will be present at the Roadshow, on February 14th at Orléans, Loiret, France. We will present our platform prototype of smart road safety data management, developed in the collaboration of the Loiret department and several actors of the mobility sector.
read more
Meet Artelys at the 2020 Dataquitaine forum in Bordeaux (France)
Artelys is taking part in the open forum Dataquitaine 2020 on 13 February in Bordeaux, France. This event promotes skills related to Data Science, Artificial Intelligence and Operational Research and will gather actors with both business and academic backgrounds.
read moresubscribe to our newsletters
© ARTELYS • All rights reserved • Legal mentions