EEX launches auctions for French Biogas Guarantees of Origin
European Energy Exchange (EEX) will launch a new quarterly auction for biogas Guarantees of Origin (GOs) on behalf of the French Ministry of Energy. The first auction will be held on December 4, 2024.
In this auction, the French State will sell GOs produced by selected biogas facilities benefiting from a state support mechanism. Biogas GOs allow buyers to certify the origin of biogas and to support the energy transition and decarbonization efforts.
Artelys has implemented the market clearing engine which will be used to operate this auction.
The cooperation between Artelys and EEX on GOs dates back to 2018 when EEX (at that time Powernext) and Artelys have started designing a similar auction mechanism for French electricity GOs, the first auction of which took place in 2019 (more information available here).
The biogas market clearing algorithm will enable GO buyers to differentiate their bids based on specific features or even specific devices. The market clearing algorithm selects the optimal set of offers, maximizing the auction surplus and fairness criteria among market participants. It relies on Artelys Knitro, the high-performance nonlinear optimization solver developed by Artelys, to ensure accuracy and performance.
Find out more: EEX press release
Innovative grid technologies can improve renewable energy integration in the Latvian grid by up to 40%
—The power grid faces challenges in managing the increasing amounts of new wind and solar power generation. Grid Enhancing Technologies (GETs) are essential for optimizing the use of the existing infrastructure. Artelys carried out a study for Latvian Transmission System Operator (TSO) AST to assess the renewable generation hosting capacity of the transmission grid and to evaluate the benefits that GETs can provide to renewable integration. The study performed simulations using the open-source optimal flow tool, PowSyBI Metrix. Results show that Grid Enhancing Technologies can increase Renewable Energy Sources (RES) hosting capacity by up to 40% and were announced in the following press release.
Artelys Knitro 14.1: delivers very quick solutions on non-convex models
— We are pleased to announce that Artelys Knitro 14.0 is now available! This new version enables compagnies to solve complex non-linear optimization problems with unprecedented efficency and precision.
You missed the METIS 3 Dissemination event? The slides are now available!
— Artelys was thrilled to organize the METIS 3 Dissemination webinar on April 17, which was a great opportunity to present key studies and upgrades of METIS models and datasets conducted in the last four years, including exciting discussions with external panelists!
Artelys participates in the demonstration of large-scale underground hydrogen storage in Europe
— Artelys is involved in the five-year project FrHyGe funded by the European Commission via the Clean Hydrogen Partnership.
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