The era of hydropower ‘guided curve’ production planning is behind us. As volatile markets become the norm, hydro assets are also focusing on higher reactivity and strategic water management. We created HYDROGRID Insight to offer hydro asset managers a tool to become proficient in this new market and maximize water utility profits. We have over six years of experience in maximizing revenue, minimizing spill, integrating, and managing constraints, cascade optimization and bringing hydro assets to new power markets.
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Heuristic Intelligent Plant Optimisation - HIRO
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With our proprietary HIRO algorithms (Heuristic Intelligent Plant Optimisation), we create true resilience for your hydropower plant by planning for the short-, medium-, and long-term optimization. Find out how we turn plant telemetry, operational and environmental restrictions, inflow forecasts and price forecasts, into the optimal dispatch planning and ready-to-use power market exchange bids!
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As we set our sights on a future powered by the storage potential of hydropower, hydro asset managers are exploring ways to maximize and leverage existing flexibility, on day-ahead and intra-day markets.
Time is of the essence and faster water management models are just starting to replace traditional ones. Chances are you are not using heuristic algorithms in your production planning yet, as they are harder to build and fine-tune to the intricacies of hydropower planning, but undoubtedly faster. HIRO – Heuristic Integrated Robust Optimization is the result of 7 years of our team’s passion and expertise, combining state-of-the-art heuristics with robust optimization techniques.
Our model empowers operators to store and dispatch energy following grid requirements in real-time, while accounting for all expected and unexpected limitations. It is in this realm of uncertainty that heuristic models like HIRO truly shine. These powerful decision-making frameworks not only navigate around events which can be expected, but also prepare us for the unknown unknowns – the notorious “black swans”. In the current global climate, it is no longer a question of whether a black swan is heading our way, but rather a question of when it will strike. This is how to use HIRO to navigate such events:
Singular events, although impactful, should not dictate the success or failure of our hydropower production. Instead, it is the ability to optimize and plan for the long-term that sets you apart. In our experience, asset managers who prioritize long-term optimization over short-term gains are better equipped to weather singular events like black swans without compromising their overarching goals. Heuristics models can be designed to prioritize long-term goals over short-term fluctuations, which aligns well with the idea of withstanding black swan events without sacrificing overall objectives.
HIRO Heuristics models are often more adaptable and flexible, enabling them to adjust quickly when confronted with unusual events. They can modify their decision rules based on the current situation, making them more robust in the face of unforeseen circumstances.
Traditional models heavily rely on probabilities and historical data, by assuming that future events will follow past patterns. Black swan events, by definition, defy historical patterns, making such models less effective in dealing with such extreme events. By contrast, heuristic models offer a non-probabilistic approach, and make decisions based on the current available information and expert judgment.
Unlike manual planning methods, PDD constantly monitors real-time spot, intraday and day ahead prices and adjusts production to maximize revenue while containing your operational and environmental constraints.
What does it mean for you?
We translate the output of our optimisation algorithms into a tailored bid for you. You get a nominated bid, ready to use or adapt with no extra processing. If you want us to handle this for you, we can send it straight to the power exchange!
The traditional spill management method is to react to a spill event after it has occurred or once it is inevitable. The problem with this approach is that, by the time you have noticed an incident, it has already caused considerable damage to your infrastructure and your bottom line.
If you want to avoid wasting water and money, you need a proactive approach. HYDROGRID provides this with its automated spill minimisation feature.
What does that mean for you?
Simply put, you get to increase your revenues by losing less water. Take strategic steps to prevent spills, instead of dealing with damage control. We steer your plant firstly to make you compliant with all constraints and regulations, and then to use every remaining drop towards revenue creation.
Different turbines have different specs and operate best at specific best efficiency points. Our optimization also takes this into account.
What does that mean for you?
We ask you what the ideal power-to-flow curve is for each of your turbines, we derive the best efficiency point and integrate it in our forecast. You are now set to produce with maximized turbine efficiency, adding this optimization metric to your predictive planning belt.
The HYDROGRID Insight dispatch plan is automatically aligned to the power market peaks while respecting the present and forecast hydrological situation.
What does that mean for you?
You get a price dependent dispatch plan. Human intelligence refines and enhances your bid to account for market volatility and unpredictable events.
Complex inflow predictions are now available for your RoR assets of all sizes. Predicting the inflow, and therefore the expected generation, imbalance costs are minimized. Preemptively avoid penalties by preparing up to 14 days in advance for your expected inflow.
What does that mean for you?
In HYDROGRID Insight, you get access to your inflow forecast, as well as historical production data, your revenues, and your outage planning, all in the same tool.
Measured in €/MWh, our water value is a product of price evolution, dynamic reservoir curve, and turbine capability. The result is a dynamic, real-time, complex evaluation of each available cubic meter of water, that directs strategic trading.
What does that mean for you?
Water value is a must in production planning of big asset managers and is resource intensive. HYDROGRID Insight provides water value data for assets of all sizes – giving you access to new markets and state-of-the-art business practices – one click away. Explore intraday trading opportunities, and better evaluate your potential across all markets!