BatteryMonetizer - Electricity trader challenge
Can you beat our optimizer? Anyone able to do so will receive a prize!
Electricity generation must become renewable, so wind and solar are growing exponentially. Battery energy storages (BES) and green hydrogen (H2) production can balance the fluctuating ‘extra’ generation. It is also profitable to use BES, and to produce H2, in that context.
However, how can we use the BES and H2 assets intelligently? That is a complex, recurring problem because of hourly market price variations, hourly production and usually consumption variations, and non-linear characteristics of the BES. Our artificial intelligence and modelling solution manages this complexity, and produces optimized bidding and production plans daily. That is, how to buy and sell electricity regarding the site, and how to schedule the BES and/or H2 assets. This is done seamlessly over many different use cases and across multiple markets, for every hour of the next day.
This project contributes to solving both the climate crisis and the resource crisis. It can also have implications for energy security.
We continue the R&D of our solution, and investigate its commercialization, in an Aalto and Business Finland funded R2B project. Our aim is to commercialize beginning early 2024.
- Professor of Practice Jaakko Jääskeläinen (Aalto University, Energy Exemplar) the need for flexibility in the power system, with batteries as an example
- Taneli Hölttä (Commercializer, ITiA (IT in Automation), Aalto University) will present the BatteryMonetizer project and how our solution serves in the energy transition
Electricity trader challenge
- A chance to beat our optimizer! Bring your own laptop for easy participation.
Welcome – register now via the button above!