navitasoft

📢 🇱🇹🇱🇻🇪🇪 The Baltic States are about to finally gain energy independence from Russia and Belarus - and we, in partnership with N-SIDE, are playing our part by delivering the new Baltic capacity market solution. 💪 Latvia’s TSO Augstsprieguma tīkls AS (AST), Lithuania’s Litgrid and Estonia’s Elering will be disconnecting from the Russian and Belarusian grids in February 2025, with AST as project lead for the implementation of the new Baltic Balancing Capacity Market (BBCM). The BRELL agreement will expire on February 7 after official notification last week that the Baltic states will not renew the agreement. The Baltics can then celebrate their increased energy independence from the Russian system! 🎉 After conducting an isolated operation test, the Baltic grids will join the Continental Europe Synchronous Area.🔌 The greatest challenge during this transitioning time will be maintaining stable grids but the benefits of the BBCM are certainly worth the effort. It will increase social welfare by delivering a more stable grid at lower cost and supporting the integration with EU platforms such as MARI and PICASSO. As Julien Le Baut, Head of Sales at N-SIDE, shared, "We are delighted to begin a collaboration with Navitasoft on the Baltic Balancing Capacity Market. This partnership has been a natural fit, given Navitasoft’s track record in delivering secure and robust market platforms and N-SIDE’s expertise in reserve sizing and market clearing. We look forward to starting the project and advancing together towards synchronising the Baltics with the Continental Europe Area!". It's a dream team, and we're lucky to be working with such skilled partners! We are the lead contractor responsible for the entire project with N-SIDE delivering the dimensioning and optimization algorithms. A minimum viable solution will be in place before this Christmas with the final extended solution deadline in the summer of 2025. We are excited and proud to stand on the right side of history and to support the Baltic states on their important journey towards energy independence. 💪 #GridStability #SingleMarket #WeDigitalizeEnergy

🏃🌱Can the Olympic Games be done sustainably? 🇫🇷 Paris seems to think so. The home of the landmark climate change agreement may have backed away from its seemingly impossible original goal of a "climate-positive" or "carbon-neutral" event. But their new goal of cutting carbon emissions in half compared to London 2012 and Rio 2016 still comes across as incredibly ambitious. Some of the highlights from our perspective: 🔵 Including hard-to-control scope 3 emissions in the calculations (e.g. spectator travel) 🟡 Using 100% renewable energy, locally sourced to avoid diesel generators, which are normally a mainstay of major sporting events ⚫ Implementing geothermal cooling, & heat captured from nearby data center 🟢 Minimizing construction: unlike the building boom typical of past Olympics, 95% of venues are existing or temporary structures 🔴 Locating most venues close together, all accessible with public transport, and a 37% reduction in Olympic vehicle fleet (which is mostly hybrid or electric) So, what do you think: will the City of Lights win the gold 🥇 in sustainability, or is it another exercise in greenwashing? 🧼 Want to learn more? https://lnkd.in/gmPzJRr3 #OlympicGames #Paris2024 #EnergyTransition #SustainableEvents

🌭 Ever wondered what goes into making a sausage? In the food industry, ignorance sometimes is bliss, but in other areas you sure want to know what's going on behind the scenes. 👀 Take the energy sector, where transparency in the form of access to key data ensures a level playing field that prevents dodgy practices and promotes fair competition. 🚨 A recent case of lack of transparency is the insider trading scandal in Germany that has led to market inefficiencies and higher consumer costs - and is still ongoing! 👉 If you want to know what is going wrong in Germany, and what we should take away from this scandal, see our latest article! https://lnkd.in/dWU2tE5D #energymarket #transparency #energytrading #insidertrading #WeDigitalizeEnergy

The voices of VPP operators and investors are growing stronger every day. Today is a chance to let them be heard. 🗣️ It will just take 5-10 minutes of your time to complete this important VPP survey conducted by Commodity Technology Advisory LLC: 👉 https://lnkd.in/eCkQiNQb All of us in the emerging VPP market benefit from each others' knowledge, so we hope you'll find the time to share yours. Following on the great input from the recent VPP webinar by ComTech and narrativio GmbH (where our energy coach Christoph Malzer was a panelist), this survey seeks to capture your experiences with VPP technology - what’s effective, what’s challenging, and where the future opportunities lie. 💗 This final report will live on your responses. And as a reward, you’ll get notified directly as soon as it goes public for free at ETT Center. Participants interested in advertising in the report are also eligible for priority placement. Reach out to Irina Reitgruber at ComTech for more information. 🥷 Your responses will, of course, remain completely confidential and anonymous. Thanks for contributing! 🙌 #vpp #flexbility #energytransition

👑 Long may they reign! When it comes to achieving the biggest renewable additions in Europe, there is one country that pretty much remains unrivaled - the UK. 🇬🇧 Now, after paving the way for the BTM (behind-the-meter) settlement, Your Majesty (well, Great Britain) is planning for yet another big market reform with Mandatory Half-Hourly Settlement (MHHS). 🕥 The new MHHS system means that electricity suppliers will be able to track and settle customer usage every 30 minutes thanks to smart meters. This will allow for more accurate bills and dynamic pricing, helping to manage demand and integrate more renewable energy. While there are challenges, like getting more smart meters installed and handling the large amount of data, the benefits are clear: ➡️ Consumers will save money with better tariffs, and the energy market will become more efficient and competitive. 🤺 If you want to learn why and how the UK is taking this step towards a greener, smarter energy future, check out our latest article! 🔗 https://lnkd.in/dH98yx49 #Settlement #EnergyMarket #EnergyTransition #WeDigitalizeEnergy

🔨 Contrary to popular belief, MC Hammer did NOT visit our booth at The smarter E in Munich. The guy behind our desk was our very own energy market coach Christoph Malzer with his self-sewn trousers. Doesn't he just look smart in them? If you want to know what (apart from Christoph) was also smart at the 4-in-1 trade fair in Munich, then check out our recap (in case you missed it): 🔗 https://lnkd.in/d5DNFW38 Spoiler: Es war der Hammer! #ThesmarterE #CantTouchThis

💥 Does Europe need another cross-border power exchange? In April, Dutch exchange Etpa - A new way of power trading, expanded beyond its roots, offering intraday trading in 🇩🇪 Germany. As part of SIDC (Single Intraday Coupling), Etpa has access to the same Shared Order Book in NL and DE, and thus the same liquidity and spreads, as its competitors EPEX SPOT and Nord Pool. They plan to expand into additional countries soon. ⚔️ Financial markets suggest that "There can be only one". You rarely see competition in equity markets; even in the US, for instance, NYSE and NASDAQ attract different types of companies, with the former led by relatively stable blue chip stocks while the latter is dominated by tech companies and investors with a stomach for volatility. So in the world of energy trading, why would a trading company consider yet another market operator? 💰🤖 Etpa promises a wallet model requiring no collateral, along with an IT platform optimized for speed. This suggests a target audience of smaller traders focused on algo-trading. Competition is good. So perhaps in this case, the newcomer will draw enough members to be seen as a threat. This should eventually cause the incumbents to improve their offerings. Then they may win back the lost business - after all, birds feel safer in large groups, and market participants like to be on the market with the most participants. Or, will Etpa remain as the specialty platform for the smaller, more agile, more tech-oriented traders? "Birds of a feather flock together", so to speak. 💬 How do you think the competition among market operators will play out? #EnergyTrading #MultiNEMOarrangement #SharedOrderBook

As the summers become hotter in Europe, and all over the world, energy demand rises. But can Europe's grids keep up? The proof was in the pudding last month when a major power outage hit Montenegro, Bosnia, Albania and most of Croatia's coast. 🔦 Well, what must be done so that major power outages don’t become a regular occurrence for the continent? An article by the Montel Group gives a clear answer: 💶 It’s time to invest in low- and medium-voltage regional grids so that the high-voltage grid is supported effectively! The fact of the matter is that with a projected 60% increase in power consumption by 2030, Europe must double its annual investments in electricity grids over the next 25 years to meet decarbonisation goals. The EU's 2030 Climate Target Plan has set a goal for renewables to make up 40% of the energy mix by 2030. ⏰ It is now time to upgrade and digitize so that there are no bottlenecks on low- to high- voltage grids. And so, renewable energy can be transported effectively to consumers. Only this way will distribution become more efficient. 💪 Check out the full article from Alina Trabattoni and Maja Zuvela: 🔗 https://lnkd.in/dCdwRD98 What do you think? Will Europe be able to upgrade its grids by 2030 or does the continent have a future of regular blackouts? Let us know in the comments. 👇 #DistributionGrid #GridStability #decentralization

The Navitasoft team will be on-site at this year's edition of #FLEXCON on Thursday, September 26th, and Friday, September 27th! Stay tuned.

💪 Given its roots as a very physical sector, the energy industry currently is currently failing to attract the digital power needed to move things into a new age - and it could cost us all dearly! A survey by EY showed that 89% of energy professionals see this digital skills gap as the main hurdle in adopting new technologies, which is slowing down investment and progress in digitalization. This lack could mean that all the huge digitalization projects that are necessary for a successful energy transition and the 2050 net-zero targets are in jeopardy. A recent analysis of job postings by the International Energy Agency (IEA) points out that digital tech can indeed massively boost efficiency, reliability, and reduce emissions in the energy sector, but most importantly highlights some worrying trends: 🔗 https://lnkd.in/dkwUb9Ya 🇺🇸 The US, for example, saw an increase from 11% to around 16% in digital job postings within power utilities in recent years, and Australia, New Zealand and the UK are also doing well. But, surprisingly, it's Europe that is lagging behind. 🇪🇺 In Europe, digital job postings utilities are consistently low, with countries like Germany, Spain, and France showing particularly slow uptake. For example, the share of digital job postings in these utilities has been stuck below 7%. From our experience, there are some strategies that could help to tackle these challenges and speed up digital adoption: 1. Outsource development to experienced vendors: This can help get projects moving quickly and bring in specialized skills. 2. Focus on automation: Automating routine tasks can lighten the load for front-line workers, making digital tools more accessible and efficient. 3. Improve usability: Making digital solutions easier to use can help less tech-savvy workers get on board without needing a lot of training. Closing the digital skills gap is necessary for the energy sector to fully benefit from digital technologies and support the global shift to more secure and sustainable energy systems. How much this happens internally in utilities vs. through external partners remains to be seen. #developershortage #recruiting #digitalskills