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x Ørsted

Papertrading with the suena Autopilot

SUCCESS STORIES

In a world shifting rapidly to renewable energy, the collaboration between Ørsted and suena represents a beacon of innovation. By 2030, renewable energy is projected to account for over 30% of global electricity generation. Together, we're driving this energy transition by providing a bankable and efficient solution to integrate battery storage into short-term trading, optimizing renewable energy utilization.

PROJECT DETAILS

Stand-alone battery storage system

Nominal Power: MW

Nominal Capacity: MWh

Involved Markets: 

  • Day-ahead Auction

  • Intraday Auction

  • Continuous Intraday Market

  • Control Reserve: DC,DM,DR (ausschreiben)

  • Imbalance Chasing

The framework

Ørsted is committed to partnering with innovative start-ups prepared to address the energy industry's challenges. Therefore, they launched a four-month open innovation programme in collaboration with Rockstart – a leading early stage VC accelerator – to identify the best solutions for a more sustainable future. The goal of this program is to support up to ten start-ups in their commercialization and growth by leveraging Ørsted's extensive network, capabilities, and resources.

What the project is about

suena and Ørsted's collaboration aims to integrate battery energy storage into short-term trading, contributing to the renewable energy transition.

Duration 

The collaboration encompasses two key stages, the Paper Trading and the Preparation for Integration, each with a duration of approximatly 3 months.

SUENA AND ØRSTED INVESTIGATE BATTERY INTEGRATION POSSIBILITIES FOR SHORT-TERM TRADING

ABOUT

Ørsted

Ørsted, headquartered in Denmark, is a global leader in green energy, dedicated to creating a world powered entirely by renewable sources. As a pioneer in offshore wind energy, Ørsted has been unwavering in its journey towards a fossil-free energy future, leveraging its expertise to expand into various renewable energy sources.


With an ambitious goal to become one of the leading green electricity producers globally, Ørsted aims to achieve an installed capacity of 35 to 38 gigawatts by 2030. The company develops, constructs, and operates wind farms—both offshore and onshore—solar parks, energy storage solutions, and bioenergy facilities, and is accelerating the deployment of green hydrogen and Power-to-X technologies.

suena's paper trading provides detailed market insights

suena's paper trading offers an innovative solution to the challenges of market and trader transparency in Germany. With a detailed model of individual storage and an approach to optimize the trading of storage for all relevant wholesale and ancillary markets, it allows customers to benchmark their systems live. Customers can individually determine and include specific data, such as the nominal power, nominal capacity of each system, C-rate, DoD, round-trip efficiency, and the average or maximum cycles per day, month, or year. Additionally, cycle costs and the degradation curve can also be considered. This enables precise and comprehensible performance evaluation.

ENVISION A WORLD POWERED BY RENEWABLE ENERGY, WHERE EVERY UNIT OF ENERGY IS HARNESSED, OPTIMIZED AND EFFORTLESSLY SHARED

Dr. Lennard Wilkening, CEO & Co-Founder of suena

Paper Trading (Benchmarking phase)
  • Validate the effectiveness of our battery storage optimization software by performing a “benchmarking” analysis of the Carnegie Road battery storage system over a three-month period.

  • Perform simulations across various trading strategies, from wholesale to ancillary markets, uncovering transformative insights.

Preparation for Integration
  • Identify the technical requirements for integrating suena’s optimization software with Ørsted's trading environment.

  • Specify the necessary technical interfaces to facilitate seamless integration.

PROJECTS STEPS

AN IMPACTFUL PROJECT

PAPER TRADING WITH AN IMPACT

By implement automated and optimized trading for the Carnegie Road battery storage system across wholesale markets, ancillary services, and balancing markets in Great Britain, we envision a future where Ørsted's battery energy storage is commercially optimized and traded.

The success of the pilot project will serve as a compelling case study to attract clients and showcase revenue opportunities for Ørsted.

Our collaboration aims to expand into emerging battery storage markets to leveraging suena's scalable Energy trading Autopilot in regions like Denmark, Germany, Spain, and beyond.

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