SlideShare una empresa de Scribd logo
1 de 21
Optimization for a Smarter Energy World !
Sortie officielle de la cartographie
SmartGrid
Namur, April 11 2016
The best of advanced analytics for
optimal decision-making
Mathematical sciences
Business engineering
Computer science
Our professionals provide you
with combined expertise in:
State-of-the-art mathematics and algorithms are at the heart of N-SIDE’s innovation
Providing tailored software solutions & services to optimize decision making
Maximize profitsBe agile Manage risks
Descrip ve
Detailed mathema cal model to describe complexity and
opportuni es
Predic ve
Advanced forecast to be ahead of risk/opportunity
Prescrip ve
Efficient algorithm to generate op mal
decisions
N-SIDEAPPROACH
2
3
Descriptive
Detailed mathematical models to describe complexity and
opportunities
Predictive
Advanced forecast to be ahead of risk/opportunity
Prescriptive
Efficient algorithm to generate optimal
decisions
N-SIDEAPPROACH
The best of advanced analytics for
optimal decision-making
Market coupling
Optimization
Energy Flexibility
Optimization
How to design and optimize my
micro- grid in an optimal way ?
MicroGrid
Optimization
Optimization for a smarter Energy World
4
Market Coupling Optimization
EUPHEMIA by N-SIDE
Day-ahead electricity prices in Europe are
calculated everyday thanks to N-Side algorithms
> “EUPHEMIA”: market coupling algorithm for
European Power exchange, implemented and
developed in-house by N-SIDE, from theory
to operations
> Used daily by Power Exchanges to fix pan-
EU day-ahead electricity prices in 19 EU
countries
> Computing market prices & volumes by:
 coupling national markets
 maximizing total economical welfare
 optimizing network capacity utilization
 modeling complex constraints
Modeling and Optimization of
Electricity Markets
6
Energy Flexibility Optimization
ENERTOP by N-SIDE
Energy Flexibility Optimization with
the best of advanced analytics
Flexible Load Models
CHP Models
RES Models
Storage Models
EVs Models
Efficient Mathematical
Modellings
Planning
Optimization
Real-time Optim.
Investment
Optimization
Aggregation Optim.
Bidding Optimization
Advanced Optimization
Algorithms
+
DA Market Forecast
Balancing
Opporunities
Reserve Markets
Demand Forecast
Contracts Model
Accurate Forecasts
+ =
Customized
Flexibility
Optimization
Solutions
8
Mathematical models to describe plant complexity…
A mathematical model is key for considering all factors in an integrated way…
Limestone Crushers Storage Raw Mill Storage
Preheater Tower
Cement KilnClinker CoolerStorageGypsum
Cement Mill Storage Shipping
Grid and market
interaction
• Different electricity
contracts (OTC, spot
based)
• Capacity constraints
Storage facilities
• Min-max capacities
• Storage target
Industrial processes
• All input and output flows
• Maximal Stop/Day
• Minimal time OFF
• ON-Off procedure
• Operating rates
Economics
• RM, electricity costs
• Opportunity costs
• Fix and variable
operating costs
• Incentive from DR
programs
9
1
Example : Mathematical Model of Cement Plants
Product Demand
• Quantities and delivery dates
• Must / May serve
… and the differents energy flexibilities
10
Produce electricity at optimal moment
Electricity
Generation
Electricity
Consumption
Consume electricity at optimal moment
Load Shifting
Load Scheduling
Load Shedding
Electricity
Storage
B
A
C F
CHP ModulationE
Fuel SwitchingD
Advanced forecasts to be ahead of risk/opportunities
11
Statistics and Machine
learning techniques
Price forecast
Spot Price Forecast
2
12
Probalistic Approach
Statistics and Machine
learning techniques
Price forecast
Spot Price Forecast
1° Reserve
composition: Quantity
reserved / Marginal cost
for each reserve
2° Imbalance
volume on previous
Quarter
3° External
unpredicted change
Imbalance orientation:
Level of Imbalance:
Balancing Opportunity Forecast
Advanced forecasts to be ahead of risk/opportunities2
13
Probalistic Approach
Price forecast
Spot Price Forecast
1° Reserve composition:
Quantity reserved / Marginal
cost for each reserve
2° Imbalance volume on
previous Quarter
3° External unpredicted
changes
Imbalance orientation:
Level of Imbalance:
Stochastic tree to
generate what-if
scenarios
1° Demand : Order
book
2° Process:
Maintenance and
machine failure
3° External factors
Combined
What-if scenarios
Balancing Opportunity Forecast
Statistics and Machine
learning techniques
Advanced forecasts to be ahead of risk/opportunities2
14
Price forecast
Spot Price Forecast
1° Reserve composition:
Quantity reserved / Marginal
cost for each reserve
2° Imbalance volume on
previous Quarter
3° External unpredicted
changes
Stochastic tree to generate
what-if scenarios
1° Demand : Order book
2° Process: Maintenance
and machine failure
3° External factors
Combined What-if Scenarios
Probalistic Approach
Imbalance orientation:
Level of Imbalance:
Balancing Opportunity Forecast
Statistics and Machine
learning techniques
Advanced forecasts to be ahead of risk/opportunities2
Efficient algorithms to generate optimal planning….
15
Advanced
Algorithm
Accurate results
Fast running
Robust Solution
Intuitive
Planning
Electricity price
forecast
Risk Factors
forecast
Mathematical
modeling
Optimized planning
3
… leveraging the different flexibility
levers in a integrated way…
16
Produce electricity at optimal moment
Electricity
Generation
Electricity
Consumption
Consume electricity at optimal moment
Load Shifting
Load Scheduling
Load Shedding
Electricity
Storage
B
A
C F
CHP ModulationE
Fuel SwitchingD
IntegratedOptimization
Strategic
Optimization
Reserve
Optimization
Scheduling
Optimization
Real-time
Optimization
… and maximize savings on the different
key timeframes
17
• Optimal
electricity
contract
• Optimal
investment in
flexibility assets
• Optimal choice of
flexibility products
and volumes
• Optimal power and
energy price
• Optimal
scheduling of
electricity load
• Optimal
planning of CHP
unit
• Optimal
imbalance
minimization
• Optimal
activation
management
InduStore
• Objective: Quantify and Optimize Demand
Response potential in industrial sector in
Wallonia
• 4 years project funded by walloon region
(started in Oct. 2014)
• Partners: N-SIDE, UCL, ULg and ICEDD
• Objective: Optimize interaction between
TSO and DSO to leverage flexibilities at
local level
• 3 years H2020 projects starting in 2016
• Partners: 22 including RSE, Siemens,
Vodafone, Energinet.dk, Terna, Sintef,
VTT, VITO.
Innovative Projects on Energy
Flexibility Optimization
MicroGrid Optimization
How to design and optimize my
micro-grid in an optimal way ?
E-Cloud: Project for an Open Microgrid Solution
20
• Optimized microgrids for industrial parks
(eco-zoning):
 Optimal investment in RES
 Optimal sharing of locally produced
electricity
 Optimal storage of electricity
 Optimal billing process managed by
DSO in charge of eco-zoning
 Optimal interaction with network
 Two pilots projects in Wallonia
Partnership
Interested to know more ?
Please contact us
Olivier Devolder
Energy Project Manager
Tel: +32 472 46 83 44
Email: ode@n-side.com
N-SIDE
Watson & Crick Hill Park – Bldg. H
Rue Granbonpré, 11
B- 1348 Louvain-la-Neuve

Más contenido relacionado

La actualidad más candente

Industrial Value Chains - A Bridge Towards a climate neutral Europe
Industrial Value Chains - A Bridge Towards a climate neutral EuropeIndustrial Value Chains - A Bridge Towards a climate neutral Europe
Industrial Value Chains - A Bridge Towards a climate neutral EuropeTomas Wyns
 
Market Based Demand Response - Results from Norwegian research projects
Market Based Demand Response - Results from Norwegian research projects Market Based Demand Response - Results from Norwegian research projects
Market Based Demand Response - Results from Norwegian research projects IEA DSM Implementing Agreement (IA)
 
Energy consumption: Highlights and future development
Energy consumption: Highlights and future developmentEnergy consumption: Highlights and future development
Energy consumption: Highlights and future developmentIEA-ETSAP
 
Alternative Fuel Market After Covid-19 – Focus on Efficiency and Quality
Alternative Fuel Market After Covid-19 – Focus on Efficiency and QualityAlternative Fuel Market After Covid-19 – Focus on Efficiency and Quality
Alternative Fuel Market After Covid-19 – Focus on Efficiency and QualityLOESCHE
 
Neil Reynolds, WMG University of Warwick, Innovations in Composite Materials ...
Neil Reynolds, WMG University of Warwick, Innovations in Composite Materials ...Neil Reynolds, WMG University of Warwick, Innovations in Composite Materials ...
Neil Reynolds, WMG University of Warwick, Innovations in Composite Materials ...WMG, University of Warwick
 
A TIMES model for Wallonia: description of the modelling approach and analysi...
A TIMES model for Wallonia: description of the modelling approach and analysi...A TIMES model for Wallonia: description of the modelling approach and analysi...
A TIMES model for Wallonia: description of the modelling approach and analysi...IEA-ETSAP
 
The disruption effect of digitalization on the energy sector: a multimodal ap...
The disruption effect of digitalization on the energy sector: a multimodal ap...The disruption effect of digitalization on the energy sector: a multimodal ap...
The disruption effect of digitalization on the energy sector: a multimodal ap...IEA-ETSAP
 
LOESCHE Waste Conditioning
LOESCHE Waste ConditioningLOESCHE Waste Conditioning
LOESCHE Waste ConditioningLOESCHE
 
Direct coil cooling through hollow wire
Direct coil cooling through hollow wireDirect coil cooling through hollow wire
Direct coil cooling through hollow wireLeonardo ENERGY
 
Smart size battery cell factory
Smart size battery cell factory Smart size battery cell factory
Smart size battery cell factory M+W Group
 
Towards improving energy efficiency in office buildings presentation
Towards improving energy efficiency in office buildings presentationTowards improving energy efficiency in office buildings presentation
Towards improving energy efficiency in office buildings presentationRoel Palmaers
 
WKE2019 Conference - Session 1 - Carmine Marzano: EC, DG RTD
WKE2019 Conference - Session 1 - Carmine Marzano: EC, DG RTDWKE2019 Conference - Session 1 - Carmine Marzano: EC, DG RTD
WKE2019 Conference - Session 1 - Carmine Marzano: EC, DG RTDWater Europe
 

La actualidad más candente (13)

Industrial Value Chains - A Bridge Towards a climate neutral Europe
Industrial Value Chains - A Bridge Towards a climate neutral EuropeIndustrial Value Chains - A Bridge Towards a climate neutral Europe
Industrial Value Chains - A Bridge Towards a climate neutral Europe
 
Market Based Demand Response - Results from Norwegian research projects
Market Based Demand Response - Results from Norwegian research projects Market Based Demand Response - Results from Norwegian research projects
Market Based Demand Response - Results from Norwegian research projects
 
Energy consumption: Highlights and future development
Energy consumption: Highlights and future developmentEnergy consumption: Highlights and future development
Energy consumption: Highlights and future development
 
Alternative Fuel Market After Covid-19 – Focus on Efficiency and Quality
Alternative Fuel Market After Covid-19 – Focus on Efficiency and QualityAlternative Fuel Market After Covid-19 – Focus on Efficiency and Quality
Alternative Fuel Market After Covid-19 – Focus on Efficiency and Quality
 
The economics of industrial CCS projects at existing UK sites by 2025: Our ap...
The economics of industrial CCS projects at existing UK sites by 2025: Our ap...The economics of industrial CCS projects at existing UK sites by 2025: Our ap...
The economics of industrial CCS projects at existing UK sites by 2025: Our ap...
 
Neil Reynolds, WMG University of Warwick, Innovations in Composite Materials ...
Neil Reynolds, WMG University of Warwick, Innovations in Composite Materials ...Neil Reynolds, WMG University of Warwick, Innovations in Composite Materials ...
Neil Reynolds, WMG University of Warwick, Innovations in Composite Materials ...
 
A TIMES model for Wallonia: description of the modelling approach and analysi...
A TIMES model for Wallonia: description of the modelling approach and analysi...A TIMES model for Wallonia: description of the modelling approach and analysi...
A TIMES model for Wallonia: description of the modelling approach and analysi...
 
The disruption effect of digitalization on the energy sector: a multimodal ap...
The disruption effect of digitalization on the energy sector: a multimodal ap...The disruption effect of digitalization on the energy sector: a multimodal ap...
The disruption effect of digitalization on the energy sector: a multimodal ap...
 
LOESCHE Waste Conditioning
LOESCHE Waste ConditioningLOESCHE Waste Conditioning
LOESCHE Waste Conditioning
 
Direct coil cooling through hollow wire
Direct coil cooling through hollow wireDirect coil cooling through hollow wire
Direct coil cooling through hollow wire
 
Smart size battery cell factory
Smart size battery cell factory Smart size battery cell factory
Smart size battery cell factory
 
Towards improving energy efficiency in office buildings presentation
Towards improving energy efficiency in office buildings presentationTowards improving energy efficiency in office buildings presentation
Towards improving energy efficiency in office buildings presentation
 
WKE2019 Conference - Session 1 - Carmine Marzano: EC, DG RTD
WKE2019 Conference - Session 1 - Carmine Marzano: EC, DG RTDWKE2019 Conference - Session 1 - Carmine Marzano: EC, DG RTD
WKE2019 Conference - Session 1 - Carmine Marzano: EC, DG RTD
 

Destacado

Optimization of power sytem
Optimization of power sytemOptimization of power sytem
Optimization of power sytemshawon1981
 
ENHANCEMENT OF POWER SYSTEM SECURITY USING PSO-NR OPTIMIZATION TECHNIQUE
ENHANCEMENT OF POWER SYSTEM SECURITY USING PSO-NR OPTIMIZATION TECHNIQUEENHANCEMENT OF POWER SYSTEM SECURITY USING PSO-NR OPTIMIZATION TECHNIQUE
ENHANCEMENT OF POWER SYSTEM SECURITY USING PSO-NR OPTIMIZATION TECHNIQUEIAEME Publication
 
Optimization Ppt
Optimization PptOptimization Ppt
Optimization Pptsarnoj
 
Optimization techniques
Optimization  techniquesOptimization  techniques
Optimization techniquesbiniyapatel
 

Destacado (7)

Putting Policy to Work: Optimizing the Electricity System
Putting Policy to Work: Optimizing the Electricity SystemPutting Policy to Work: Optimizing the Electricity System
Putting Policy to Work: Optimizing the Electricity System
 
Optimization of power sytem
Optimization of power sytemOptimization of power sytem
Optimization of power sytem
 
ENHANCEMENT OF POWER SYSTEM SECURITY USING PSO-NR OPTIMIZATION TECHNIQUE
ENHANCEMENT OF POWER SYSTEM SECURITY USING PSO-NR OPTIMIZATION TECHNIQUEENHANCEMENT OF POWER SYSTEM SECURITY USING PSO-NR OPTIMIZATION TECHNIQUE
ENHANCEMENT OF POWER SYSTEM SECURITY USING PSO-NR OPTIMIZATION TECHNIQUE
 
Optimization Ppt
Optimization PptOptimization Ppt
Optimization Ppt
 
Optimization techniques
Optimization techniques Optimization techniques
Optimization techniques
 
Optimization techniques
Optimization  techniquesOptimization  techniques
Optimization techniques
 
Image processing ppt
Image processing pptImage processing ppt
Image processing ppt
 

Similar a Optimization for a Smarter Energy World!

N-Side : ENERTOP (Energy Resources Trading Optimization)
N-Side : ENERTOP (Energy Resources Trading Optimization)N-Side : ENERTOP (Energy Resources Trading Optimization)
N-Side : ENERTOP (Energy Resources Trading Optimization)Cluster TWEED
 
Future trends modern energy management with Frank Katzemich from Apleona
Future trends modern energy management with Frank Katzemich from ApleonaFuture trends modern energy management with Frank Katzemich from Apleona
Future trends modern energy management with Frank Katzemich from ApleonaBusiness Days
 
Financing energy storage - Masterclass By MACQUARIE
Financing energy storage - Masterclass By MACQUARIEFinancing energy storage - Masterclass By MACQUARIE
Financing energy storage - Masterclass By MACQUARIEDavide Bonomi
 
Optimized Energy Management and planning tools for the Iron and Steel Industr...
Optimized Energy Management and planning tools for the Iron and Steel Industr...Optimized Energy Management and planning tools for the Iron and Steel Industr...
Optimized Energy Management and planning tools for the Iron and Steel Industr...Schneider Electric
 
TSO Reliability Management: a probabilistic approach for better balance betwe...
TSO Reliability Management: a probabilistic approach for better balance betwe...TSO Reliability Management: a probabilistic approach for better balance betwe...
TSO Reliability Management: a probabilistic approach for better balance betwe...Leonardo ENERGY
 
Berlin presentation 20171023
Berlin presentation 20171023Berlin presentation 20171023
Berlin presentation 20171023Christie Pommier
 
Digital Energy | Energy IoT and Analytics Research
Digital Energy  |  Energy IoT and Analytics ResearchDigital Energy  |  Energy IoT and Analytics Research
Digital Energy | Energy IoT and Analytics ResearchHitachi America, Ltd.
 
The PowerMatcher - making the electricity grid smarter - Aldo Eisma
The PowerMatcher - making the electricity grid smarter - Aldo EismaThe PowerMatcher - making the electricity grid smarter - Aldo Eisma
The PowerMatcher - making the electricity grid smarter - Aldo Eismamfrancis
 
Closing Roundtable Discussion: From Commodity Providers to Digital Service Co...
Closing Roundtable Discussion: From Commodity Providers to Digital Service Co...Closing Roundtable Discussion: From Commodity Providers to Digital Service Co...
Closing Roundtable Discussion: From Commodity Providers to Digital Service Co...Jill Kirkpatrick
 
IREC part 02
IREC part 02IREC part 02
IREC part 02RCREEE
 
Smart Energy Cluster Optimisation
Smart Energy Cluster Optimisation Smart Energy Cluster Optimisation
Smart Energy Cluster Optimisation Walton Institute
 
Real Time Pricing Simulator for Smart Grids
Real Time Pricing Simulator for Smart GridsReal Time Pricing Simulator for Smart Grids
Real Time Pricing Simulator for Smart GridsSwantika Dhundia
 
Integrating renewables and enabling flexibility of households and buildings
Integrating renewables and enabling flexibility of households and buildingsIntegrating renewables and enabling flexibility of households and buildings
Integrating renewables and enabling flexibility of households and buildingsLeonardo ENERGY
 
Monet, an IoT Energy Management Platform based on MongoDB
Monet, an IoT Energy Management Platform based on MongoDBMonet, an IoT Energy Management Platform based on MongoDB
Monet, an IoT Energy Management Platform based on MongoDBSam_Francis
 
Metering and Regulating the Electricity Grid
Metering and Regulating the Electricity GridMetering and Regulating the Electricity Grid
Metering and Regulating the Electricity GridAnirudh Ramesh
 
SG Data analytics.pptx
SG Data analytics.pptxSG Data analytics.pptx
SG Data analytics.pptxDanish Mahmood
 

Similar a Optimization for a Smarter Energy World! (20)

DC4Cities: Following the Patterns of Renewable Power in a Smart City
DC4Cities: Following the Patterns of Renewable Power in a Smart CityDC4Cities: Following the Patterns of Renewable Power in a Smart City
DC4Cities: Following the Patterns of Renewable Power in a Smart City
 
N-Side : ENERTOP (Energy Resources Trading Optimization)
N-Side : ENERTOP (Energy Resources Trading Optimization)N-Side : ENERTOP (Energy Resources Trading Optimization)
N-Side : ENERTOP (Energy Resources Trading Optimization)
 
4.1_Simulation & Analysis Tools for Microgrids_Weng and Cortes_EPRI/SNL Micro...
4.1_Simulation & Analysis Tools for Microgrids_Weng and Cortes_EPRI/SNL Micro...4.1_Simulation & Analysis Tools for Microgrids_Weng and Cortes_EPRI/SNL Micro...
4.1_Simulation & Analysis Tools for Microgrids_Weng and Cortes_EPRI/SNL Micro...
 
Future trends modern energy management with Frank Katzemich from Apleona
Future trends modern energy management with Frank Katzemich from ApleonaFuture trends modern energy management with Frank Katzemich from Apleona
Future trends modern energy management with Frank Katzemich from Apleona
 
Financing energy storage - Masterclass By MACQUARIE
Financing energy storage - Masterclass By MACQUARIEFinancing energy storage - Masterclass By MACQUARIE
Financing energy storage - Masterclass By MACQUARIE
 
Energy Economics Christian Feisst
Energy Economics Christian FeisstEnergy Economics Christian Feisst
Energy Economics Christian Feisst
 
Optimized Energy Management and planning tools for the Iron and Steel Industr...
Optimized Energy Management and planning tools for the Iron and Steel Industr...Optimized Energy Management and planning tools for the Iron and Steel Industr...
Optimized Energy Management and planning tools for the Iron and Steel Industr...
 
TSO Reliability Management: a probabilistic approach for better balance betwe...
TSO Reliability Management: a probabilistic approach for better balance betwe...TSO Reliability Management: a probabilistic approach for better balance betwe...
TSO Reliability Management: a probabilistic approach for better balance betwe...
 
Berlin presentation 20171023
Berlin presentation 20171023Berlin presentation 20171023
Berlin presentation 20171023
 
Digital Energy | Energy IoT and Analytics Research
Digital Energy  |  Energy IoT and Analytics ResearchDigital Energy  |  Energy IoT and Analytics Research
Digital Energy | Energy IoT and Analytics Research
 
The PowerMatcher - making the electricity grid smarter - Aldo Eisma
The PowerMatcher - making the electricity grid smarter - Aldo EismaThe PowerMatcher - making the electricity grid smarter - Aldo Eisma
The PowerMatcher - making the electricity grid smarter - Aldo Eisma
 
Closing Roundtable Discussion: From Commodity Providers to Digital Service Co...
Closing Roundtable Discussion: From Commodity Providers to Digital Service Co...Closing Roundtable Discussion: From Commodity Providers to Digital Service Co...
Closing Roundtable Discussion: From Commodity Providers to Digital Service Co...
 
IREC part 02
IREC part 02IREC part 02
IREC part 02
 
Smart Energy Cluster Optimisation
Smart Energy Cluster Optimisation Smart Energy Cluster Optimisation
Smart Energy Cluster Optimisation
 
Real Time Pricing Simulator for Smart Grids
Real Time Pricing Simulator for Smart GridsReal Time Pricing Simulator for Smart Grids
Real Time Pricing Simulator for Smart Grids
 
Integrating renewables and enabling flexibility of households and buildings
Integrating renewables and enabling flexibility of households and buildingsIntegrating renewables and enabling flexibility of households and buildings
Integrating renewables and enabling flexibility of households and buildings
 
Monet, an IoT Energy Management Platform based on MongoDB
Monet, an IoT Energy Management Platform based on MongoDBMonet, an IoT Energy Management Platform based on MongoDB
Monet, an IoT Energy Management Platform based on MongoDB
 
6.2_Integrated Design and Financial Model_Knapp_EPRI/SNL Microgrid
6.2_Integrated Design and Financial Model_Knapp_EPRI/SNL Microgrid6.2_Integrated Design and Financial Model_Knapp_EPRI/SNL Microgrid
6.2_Integrated Design and Financial Model_Knapp_EPRI/SNL Microgrid
 
Metering and Regulating the Electricity Grid
Metering and Regulating the Electricity GridMetering and Regulating the Electricity Grid
Metering and Regulating the Electricity Grid
 
SG Data analytics.pptx
SG Data analytics.pptxSG Data analytics.pptx
SG Data analytics.pptx
 

Último

Artificial Intelligence Chap.5 : Uncertainty
Artificial Intelligence Chap.5 : UncertaintyArtificial Intelligence Chap.5 : Uncertainty
Artificial Intelligence Chap.5 : UncertaintyKhushali Kathiriya
 
Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...
Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...
Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...Drew Madelung
 
The 7 Things I Know About Cyber Security After 25 Years | April 2024
The 7 Things I Know About Cyber Security After 25 Years | April 2024The 7 Things I Know About Cyber Security After 25 Years | April 2024
The 7 Things I Know About Cyber Security After 25 Years | April 2024Rafal Los
 
Workshop - Best of Both Worlds_ Combine KG and Vector search for enhanced R...
Workshop - Best of Both Worlds_ Combine  KG and Vector search for  enhanced R...Workshop - Best of Both Worlds_ Combine  KG and Vector search for  enhanced R...
Workshop - Best of Both Worlds_ Combine KG and Vector search for enhanced R...Neo4j
 
TrustArc Webinar - Stay Ahead of US State Data Privacy Law Developments
TrustArc Webinar - Stay Ahead of US State Data Privacy Law DevelopmentsTrustArc Webinar - Stay Ahead of US State Data Privacy Law Developments
TrustArc Webinar - Stay Ahead of US State Data Privacy Law DevelopmentsTrustArc
 
Polkadot JAM Slides - Token2049 - By Dr. Gavin Wood
Polkadot JAM Slides - Token2049 - By Dr. Gavin WoodPolkadot JAM Slides - Token2049 - By Dr. Gavin Wood
Polkadot JAM Slides - Token2049 - By Dr. Gavin WoodJuan lago vázquez
 
Manulife - Insurer Innovation Award 2024
Manulife - Insurer Innovation Award 2024Manulife - Insurer Innovation Award 2024
Manulife - Insurer Innovation Award 2024The Digital Insurer
 
HTML Injection Attacks: Impact and Mitigation Strategies
HTML Injection Attacks: Impact and Mitigation StrategiesHTML Injection Attacks: Impact and Mitigation Strategies
HTML Injection Attacks: Impact and Mitigation StrategiesBoston Institute of Analytics
 
Axa Assurance Maroc - Insurer Innovation Award 2024
Axa Assurance Maroc - Insurer Innovation Award 2024Axa Assurance Maroc - Insurer Innovation Award 2024
Axa Assurance Maroc - Insurer Innovation Award 2024The Digital Insurer
 
Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...
Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...
Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...Miguel Araújo
 
Apidays New York 2024 - The value of a flexible API Management solution for O...
Apidays New York 2024 - The value of a flexible API Management solution for O...Apidays New York 2024 - The value of a flexible API Management solution for O...
Apidays New York 2024 - The value of a flexible API Management solution for O...apidays
 
Data Cloud, More than a CDP by Matt Robison
Data Cloud, More than a CDP by Matt RobisonData Cloud, More than a CDP by Matt Robison
Data Cloud, More than a CDP by Matt RobisonAnna Loughnan Colquhoun
 
Partners Life - Insurer Innovation Award 2024
Partners Life - Insurer Innovation Award 2024Partners Life - Insurer Innovation Award 2024
Partners Life - Insurer Innovation Award 2024The Digital Insurer
 
Automating Google Workspace (GWS) & more with Apps Script
Automating Google Workspace (GWS) & more with Apps ScriptAutomating Google Workspace (GWS) & more with Apps Script
Automating Google Workspace (GWS) & more with Apps Scriptwesley chun
 
Exploring the Future Potential of AI-Enabled Smartphone Processors
Exploring the Future Potential of AI-Enabled Smartphone ProcessorsExploring the Future Potential of AI-Enabled Smartphone Processors
Exploring the Future Potential of AI-Enabled Smartphone Processorsdebabhi2
 
Bajaj Allianz Life Insurance Company - Insurer Innovation Award 2024
Bajaj Allianz Life Insurance Company - Insurer Innovation Award 2024Bajaj Allianz Life Insurance Company - Insurer Innovation Award 2024
Bajaj Allianz Life Insurance Company - Insurer Innovation Award 2024The Digital Insurer
 
A Domino Admins Adventures (Engage 2024)
A Domino Admins Adventures (Engage 2024)A Domino Admins Adventures (Engage 2024)
A Domino Admins Adventures (Engage 2024)Gabriella Davis
 
Tata AIG General Insurance Company - Insurer Innovation Award 2024
Tata AIG General Insurance Company - Insurer Innovation Award 2024Tata AIG General Insurance Company - Insurer Innovation Award 2024
Tata AIG General Insurance Company - Insurer Innovation Award 2024The Digital Insurer
 
Boost Fertility New Invention Ups Success Rates.pdf
Boost Fertility New Invention Ups Success Rates.pdfBoost Fertility New Invention Ups Success Rates.pdf
Boost Fertility New Invention Ups Success Rates.pdfsudhanshuwaghmare1
 

Último (20)

Artificial Intelligence Chap.5 : Uncertainty
Artificial Intelligence Chap.5 : UncertaintyArtificial Intelligence Chap.5 : Uncertainty
Artificial Intelligence Chap.5 : Uncertainty
 
Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...
Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...
Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...
 
The 7 Things I Know About Cyber Security After 25 Years | April 2024
The 7 Things I Know About Cyber Security After 25 Years | April 2024The 7 Things I Know About Cyber Security After 25 Years | April 2024
The 7 Things I Know About Cyber Security After 25 Years | April 2024
 
Workshop - Best of Both Worlds_ Combine KG and Vector search for enhanced R...
Workshop - Best of Both Worlds_ Combine  KG and Vector search for  enhanced R...Workshop - Best of Both Worlds_ Combine  KG and Vector search for  enhanced R...
Workshop - Best of Both Worlds_ Combine KG and Vector search for enhanced R...
 
TrustArc Webinar - Stay Ahead of US State Data Privacy Law Developments
TrustArc Webinar - Stay Ahead of US State Data Privacy Law DevelopmentsTrustArc Webinar - Stay Ahead of US State Data Privacy Law Developments
TrustArc Webinar - Stay Ahead of US State Data Privacy Law Developments
 
Polkadot JAM Slides - Token2049 - By Dr. Gavin Wood
Polkadot JAM Slides - Token2049 - By Dr. Gavin WoodPolkadot JAM Slides - Token2049 - By Dr. Gavin Wood
Polkadot JAM Slides - Token2049 - By Dr. Gavin Wood
 
+971581248768>> SAFE AND ORIGINAL ABORTION PILLS FOR SALE IN DUBAI AND ABUDHA...
+971581248768>> SAFE AND ORIGINAL ABORTION PILLS FOR SALE IN DUBAI AND ABUDHA...+971581248768>> SAFE AND ORIGINAL ABORTION PILLS FOR SALE IN DUBAI AND ABUDHA...
+971581248768>> SAFE AND ORIGINAL ABORTION PILLS FOR SALE IN DUBAI AND ABUDHA...
 
Manulife - Insurer Innovation Award 2024
Manulife - Insurer Innovation Award 2024Manulife - Insurer Innovation Award 2024
Manulife - Insurer Innovation Award 2024
 
HTML Injection Attacks: Impact and Mitigation Strategies
HTML Injection Attacks: Impact and Mitigation StrategiesHTML Injection Attacks: Impact and Mitigation Strategies
HTML Injection Attacks: Impact and Mitigation Strategies
 
Axa Assurance Maroc - Insurer Innovation Award 2024
Axa Assurance Maroc - Insurer Innovation Award 2024Axa Assurance Maroc - Insurer Innovation Award 2024
Axa Assurance Maroc - Insurer Innovation Award 2024
 
Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...
Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...
Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...
 
Apidays New York 2024 - The value of a flexible API Management solution for O...
Apidays New York 2024 - The value of a flexible API Management solution for O...Apidays New York 2024 - The value of a flexible API Management solution for O...
Apidays New York 2024 - The value of a flexible API Management solution for O...
 
Data Cloud, More than a CDP by Matt Robison
Data Cloud, More than a CDP by Matt RobisonData Cloud, More than a CDP by Matt Robison
Data Cloud, More than a CDP by Matt Robison
 
Partners Life - Insurer Innovation Award 2024
Partners Life - Insurer Innovation Award 2024Partners Life - Insurer Innovation Award 2024
Partners Life - Insurer Innovation Award 2024
 
Automating Google Workspace (GWS) & more with Apps Script
Automating Google Workspace (GWS) & more with Apps ScriptAutomating Google Workspace (GWS) & more with Apps Script
Automating Google Workspace (GWS) & more with Apps Script
 
Exploring the Future Potential of AI-Enabled Smartphone Processors
Exploring the Future Potential of AI-Enabled Smartphone ProcessorsExploring the Future Potential of AI-Enabled Smartphone Processors
Exploring the Future Potential of AI-Enabled Smartphone Processors
 
Bajaj Allianz Life Insurance Company - Insurer Innovation Award 2024
Bajaj Allianz Life Insurance Company - Insurer Innovation Award 2024Bajaj Allianz Life Insurance Company - Insurer Innovation Award 2024
Bajaj Allianz Life Insurance Company - Insurer Innovation Award 2024
 
A Domino Admins Adventures (Engage 2024)
A Domino Admins Adventures (Engage 2024)A Domino Admins Adventures (Engage 2024)
A Domino Admins Adventures (Engage 2024)
 
Tata AIG General Insurance Company - Insurer Innovation Award 2024
Tata AIG General Insurance Company - Insurer Innovation Award 2024Tata AIG General Insurance Company - Insurer Innovation Award 2024
Tata AIG General Insurance Company - Insurer Innovation Award 2024
 
Boost Fertility New Invention Ups Success Rates.pdf
Boost Fertility New Invention Ups Success Rates.pdfBoost Fertility New Invention Ups Success Rates.pdf
Boost Fertility New Invention Ups Success Rates.pdf
 

Optimization for a Smarter Energy World!

  • 1. Optimization for a Smarter Energy World ! Sortie officielle de la cartographie SmartGrid Namur, April 11 2016
  • 2. The best of advanced analytics for optimal decision-making Mathematical sciences Business engineering Computer science Our professionals provide you with combined expertise in: State-of-the-art mathematics and algorithms are at the heart of N-SIDE’s innovation Providing tailored software solutions & services to optimize decision making Maximize profitsBe agile Manage risks Descrip ve Detailed mathema cal model to describe complexity and opportuni es Predic ve Advanced forecast to be ahead of risk/opportunity Prescrip ve Efficient algorithm to generate op mal decisions N-SIDEAPPROACH 2
  • 3. 3 Descriptive Detailed mathematical models to describe complexity and opportunities Predictive Advanced forecast to be ahead of risk/opportunity Prescriptive Efficient algorithm to generate optimal decisions N-SIDEAPPROACH The best of advanced analytics for optimal decision-making
  • 4. Market coupling Optimization Energy Flexibility Optimization How to design and optimize my micro- grid in an optimal way ? MicroGrid Optimization Optimization for a smarter Energy World 4
  • 6. Day-ahead electricity prices in Europe are calculated everyday thanks to N-Side algorithms > “EUPHEMIA”: market coupling algorithm for European Power exchange, implemented and developed in-house by N-SIDE, from theory to operations > Used daily by Power Exchanges to fix pan- EU day-ahead electricity prices in 19 EU countries > Computing market prices & volumes by:  coupling national markets  maximizing total economical welfare  optimizing network capacity utilization  modeling complex constraints Modeling and Optimization of Electricity Markets 6
  • 8. Energy Flexibility Optimization with the best of advanced analytics Flexible Load Models CHP Models RES Models Storage Models EVs Models Efficient Mathematical Modellings Planning Optimization Real-time Optim. Investment Optimization Aggregation Optim. Bidding Optimization Advanced Optimization Algorithms + DA Market Forecast Balancing Opporunities Reserve Markets Demand Forecast Contracts Model Accurate Forecasts + = Customized Flexibility Optimization Solutions 8
  • 9. Mathematical models to describe plant complexity… A mathematical model is key for considering all factors in an integrated way… Limestone Crushers Storage Raw Mill Storage Preheater Tower Cement KilnClinker CoolerStorageGypsum Cement Mill Storage Shipping Grid and market interaction • Different electricity contracts (OTC, spot based) • Capacity constraints Storage facilities • Min-max capacities • Storage target Industrial processes • All input and output flows • Maximal Stop/Day • Minimal time OFF • ON-Off procedure • Operating rates Economics • RM, electricity costs • Opportunity costs • Fix and variable operating costs • Incentive from DR programs 9 1 Example : Mathematical Model of Cement Plants Product Demand • Quantities and delivery dates • Must / May serve
  • 10. … and the differents energy flexibilities 10 Produce electricity at optimal moment Electricity Generation Electricity Consumption Consume electricity at optimal moment Load Shifting Load Scheduling Load Shedding Electricity Storage B A C F CHP ModulationE Fuel SwitchingD
  • 11. Advanced forecasts to be ahead of risk/opportunities 11 Statistics and Machine learning techniques Price forecast Spot Price Forecast 2
  • 12. 12 Probalistic Approach Statistics and Machine learning techniques Price forecast Spot Price Forecast 1° Reserve composition: Quantity reserved / Marginal cost for each reserve 2° Imbalance volume on previous Quarter 3° External unpredicted change Imbalance orientation: Level of Imbalance: Balancing Opportunity Forecast Advanced forecasts to be ahead of risk/opportunities2
  • 13. 13 Probalistic Approach Price forecast Spot Price Forecast 1° Reserve composition: Quantity reserved / Marginal cost for each reserve 2° Imbalance volume on previous Quarter 3° External unpredicted changes Imbalance orientation: Level of Imbalance: Stochastic tree to generate what-if scenarios 1° Demand : Order book 2° Process: Maintenance and machine failure 3° External factors Combined What-if scenarios Balancing Opportunity Forecast Statistics and Machine learning techniques Advanced forecasts to be ahead of risk/opportunities2
  • 14. 14 Price forecast Spot Price Forecast 1° Reserve composition: Quantity reserved / Marginal cost for each reserve 2° Imbalance volume on previous Quarter 3° External unpredicted changes Stochastic tree to generate what-if scenarios 1° Demand : Order book 2° Process: Maintenance and machine failure 3° External factors Combined What-if Scenarios Probalistic Approach Imbalance orientation: Level of Imbalance: Balancing Opportunity Forecast Statistics and Machine learning techniques Advanced forecasts to be ahead of risk/opportunities2
  • 15. Efficient algorithms to generate optimal planning…. 15 Advanced Algorithm Accurate results Fast running Robust Solution Intuitive Planning Electricity price forecast Risk Factors forecast Mathematical modeling Optimized planning 3
  • 16. … leveraging the different flexibility levers in a integrated way… 16 Produce electricity at optimal moment Electricity Generation Electricity Consumption Consume electricity at optimal moment Load Shifting Load Scheduling Load Shedding Electricity Storage B A C F CHP ModulationE Fuel SwitchingD IntegratedOptimization
  • 17. Strategic Optimization Reserve Optimization Scheduling Optimization Real-time Optimization … and maximize savings on the different key timeframes 17 • Optimal electricity contract • Optimal investment in flexibility assets • Optimal choice of flexibility products and volumes • Optimal power and energy price • Optimal scheduling of electricity load • Optimal planning of CHP unit • Optimal imbalance minimization • Optimal activation management
  • 18. InduStore • Objective: Quantify and Optimize Demand Response potential in industrial sector in Wallonia • 4 years project funded by walloon region (started in Oct. 2014) • Partners: N-SIDE, UCL, ULg and ICEDD • Objective: Optimize interaction between TSO and DSO to leverage flexibilities at local level • 3 years H2020 projects starting in 2016 • Partners: 22 including RSE, Siemens, Vodafone, Energinet.dk, Terna, Sintef, VTT, VITO. Innovative Projects on Energy Flexibility Optimization
  • 19. MicroGrid Optimization How to design and optimize my micro-grid in an optimal way ?
  • 20. E-Cloud: Project for an Open Microgrid Solution 20 • Optimized microgrids for industrial parks (eco-zoning):  Optimal investment in RES  Optimal sharing of locally produced electricity  Optimal storage of electricity  Optimal billing process managed by DSO in charge of eco-zoning  Optimal interaction with network  Two pilots projects in Wallonia Partnership
  • 21. Interested to know more ? Please contact us Olivier Devolder Energy Project Manager Tel: +32 472 46 83 44 Email: ode@n-side.com N-SIDE Watson & Crick Hill Park – Bldg. H Rue Granbonpré, 11 B- 1348 Louvain-la-Neuve