Recording of Wednesday, June 19, 2024 | The smarter E Europe 2024 | Conference Program | Language: English | Duration: 15:14 .

Entrix Presents Multi-Market Optimization for Energy Storage to Align Supply and Demand in Renewable-Driven Grids

The presentation discusses the concept of multi-market optimization for flexible energy assets, focusing on Entrix's role in this domain. Entrix is a company founded three years ago with the belief that intelligent management of flexibility is key to driving the energy transition. This need arises due to increasing renewable energy penetration, leading to mismatches between supply and demand. Storage solutions can realign these differences by charging when there's excess energy and discharging during shortages. In Germany, markets are divided into wholesale markets (including day-ahead auctions and continuous intraday trading) and ancillary services (such as FCR—Frequency Containment Reserve—and AFR). Each market has distinct timelines for closing trades, ranging from a day before delivery to just minutes before it. Day-ahead auctions involve trading 60-minute contracts based on forecasted supply and demand. Continuous intraday trading allows more precise adjustments through 15-minute contracts closer to real-time conditions. The speaker illustrates how forecasts change throughout the day, requiring constant updates in trade positions. Ancillary services like FCR require batteries to respond dynamically to grid frequency changes over shorter durations compared with wholesale markets' hourly blocks. Combining these different market strategies maximizes both grid service efficiency and battery owner revenues by allowing second-to-second alignment of supply-demand imbalances while optimizing financial returns across varying timeframes.

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Speaker

Wolfgang Ridinger
Principal Data Scientist
Entrix GmbH
Germany

Talk of session: Offtake and Asset Optimization - A Growing Opportunity in Continental Europe?

Battery storage systems are first and foremost a tool in the energy market. Unlike a hammer, they can be used in a variety of ways. In recent years, including at the ees Europe Conference, the use cases for storage have been discussed in detail. Whether battery storage turns out to be a successful tool depends on how it is used. In this session, we will show you how battery storage systems are being optimized, e.g. in virtual power plants, to maximize their return on investment and avoid negative consequences, such as accelerated aging.

Further Talks of this session:

Welcome & Introduction

Speaker

Nina Munzke
Team Leader System Control and Analysis
Karlsruhe Institute of Technology, Institute of Electrical Engineering
Germany

To Talk

Integrated Storage Optimization at Commercial & Industrial Sites

Speaker

Felix Jedamzik
coneva GmbH
Germany

To Talk

Behind-The-Meter Flexibility Trading of Stationary Batteries

Speaker

Dr. Fabian Knoch
Head of Platform & Flexibility Trading
Becquerel Institute
Belgium

To Talk

Bess Bankability: Is Risk Management a Thing of the Past?

Speaker

Martin Daronnat
Head of Flexibility Germany
Engie
Spain

To Talk

Q&A

To Talk

Partners & Sponsors