Whether your challenge can be solved by our existing products or requires the development of new analytics solutions and market design approaches, our team is ready to help.
On June 24th, the new initiative IO.Energy (Internet Of Energy) facilitated by ELIA, ORES, Fluvius, Sibelga, Resa, has organized the Ideation closing event, a first important milestone. At the end of the day, 8 projects were indeed selected to help shape the energy landscape of the future (Read the press release)
N-SIDE is proud to be part of the nominated IO.Energy (Internet Of Energy) use case Sensa (previously named CheckMyFlex), along with ORES, ELIA, Engie, NRB, One Smart Control and Automation. The project has been designated as preferred use case, following a poll at the closing event of the ideation phase.
The project Sensa, using an implicit market mechanism, will cover the full value chain of flexibility for the power systems, from the end-customer to the distribution and transmission system operators, but also local energy communities and commercial market parties.
The main parts are:
In particular, N-SIDE develops, together with ELIA, the algorithms behind the smart pricing approach, using machine learning. The challenge is to constantly adapt the smart pricing algorithms based on the observed market reaction to price signals, compared to the desired reaction.