Economic Optimization of Flexible Power-intensive Industrial Processes (FlexEuro)
Energy generation dependent on supply - i.e. electricity production is dependent on the weather, it does not depend on the demand or the market price (e.g. wind power and photovoltaics) - has an ever increasing influence on the energy market. Especially the flexibility on the demand side is therefore an important success factor for securing our energy system in the long-term. Particularly power-intensive processes in the industry have the potential to profit economically from this.
The goal of the FlexEuro project is the development of methods and prototypes, which can be used for decisions on marketing flexibility in power consumption. The project partners are the Fraunhofer Institute for Industrial Mathematics (ITWM), TRIMET Aluminium SE, Decision Trees GmbH and the Chair for Energy Trading and Finance at the University of Duisburg-Essen. The project work started on 01.09.2019.
The project is supported by the Federal Ministry for Economic Affairs and Energy (BMWi).