For the foresighted valuation and optimal dispatch planning of hydro power and pumped storage systems, we offer you a stochastic optimization solution. With our solution, you gain extra return through the integrated modelling of all uncertainties such as Price, inflow and ancillary services uncertainties.
Meanwhile, users and expertss agree that a pumped storage system cannot be optimally operated without a long term stochastic valuation of water. Pure deterministic, inadequate models lead to frequent plan revisions and to irreversible lossy decisions.
The quotation and reservation of ancillary services for hydro power systems goes along with some special challenges.
In the creation of quotations for ancillary services, you have to guarantee the ability to provide the quoted energy during the obligation period. Therefore, you need to reserve sufficient water and empty space reserves. Our solution for ancillary services optimizes the water and empty space reserves through a scenario-based approach and leads to feasible decisions.
You have to guarantee, that your assets are able to deliver the quoted regulation power with regard to the efficiencies. Our ancillary services optimization solution uses an exact head/flow dependent efficiency modeling approach ensuring feasible ancillary services quotations.