Smart auction algorithm for flexibility

Challenges

With rising demand for electricity, there will be more local capacity problems in the local electricity grids

Local capacity problems are rare – engagement is difficult over time

Low turnover requires very cost effective results

Result

A theoretical solution on how heat pumps can be used to provide local flexibility

A Nobel-price winning algorithm model used to maximise incentives to participate in local flexibility auctions

A solution that can be fully automatised and requires no additional hardware

I’ve managed a project for Energiforsk, in collaboration with Profu and Bengt Dahlgren, where we developed an auction algorithm for local flexibility. The theoretical research provided another tool that grid owners could use to implement a practical solution to manage local grid capacity problems.
 
The report can be found here (Swedish).

Have a project in mind? Contact me for a free consultation.