Power systems have to become more flexible. Flexibility is needed to better accommodate the supply from renewable energy sources. The challenge is to use the assets that provide flexibility in an optimal way; to charge batteries such that they later can be used when the wind drops; to increase consumption when solar parks produce more, once solar radiation increases. Those charging and consumption decisions are and will be driven by data.
We can proudly say that our article wherein we present the methodology has been accepted for publication in The Energy Journal.
Within Modex Energy Services a team of power markets experts work together with a team of data scientists and managers. This unique combined expertise allows us to deeply understand the challenges that energy markets face and we have thought about how data analytics can tackle those challenges.