energy market modelling initiative

After a successful 3-month discovery activity, we are pleased to announce that we have been awarded a 12-month follow-on project from UKRI (UK Research & Innovation) to further develop our innovative economic dispatch modeling technology.

The project – BELIEVE – is one of 10 successful Round 2 SBRI (Small Business Research Initiative) projects exploring new commercial products and services for green finance.

The project will focus primarily on the UK energy market and allow us to further assess the impact of long-term weather and climate patterns on energy production and demand. The goals are to provide enhanced insight into expected volatility in future electricity prices and to help understand and mitigate volatility-related risks, in markets that will be increasingly exposed to weather-related variability – key determinants for the financial sector when considering new investments in the renewable energy sector.

The BELIEVE project is led by the Institute for Environmental Analytics in collaboration with a range of leading industry collaborators including Copenhagen Infrastructure Partners, Danske Commodities, Ørsted, and The Crown Estate.

energy market modelling innitiative partners

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