Challenge / Goal
Minimizing electricity costs by optimizing electricity usage, producing own energy and participating in electricity reserve markets.
The target also is that energy consumption and production are smartly controlled. Together with this, the smart control system and participation in Nordpool’s reserve markets are assessed. With this type of smart electricity control service, it would be possible to decrease electricity costs with smart control strategies, which follow the electricity market price and thus control the consumption level and utilize the electrical battery.
Solution
The 1.5MW battery system of Lippulaiva has been connected to the grid's electricity market (Fingrid FCR-N) and has offered demand flexibility since the system was completed until today. An innovation is currently under development, where the use of electricity storage is further optimized in such a way that in the future benefits will be sought from several different markets by utilizing artificial intelligence. Participating in Nordpools reserve markets to gain profits. This enables day-ahead and intraday trading, clearing and settlement to reduce energy prices.
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