Virtual power plant and power forecasts for Greek electricity supplier
In 2020 energy & meteo systems has started to supply its Virtual Power Plant and power forecasts to Protergia, the Power & Gas Business Unit of MYTILINEOS, as a complete IT solution for trading electricity from its renewable energy assets. Protergia is the largest private energy company in Greece. It manages the power plants and renewable energy units of MYTILINEOS and trades and supplies electricity and gas, offering modern and reliable services and combined electricity and gas packages to over 280,000 businesses and households. Protergia operates conventional and renewable power plants with a combined capacity of 1.5 Gigawatt.
As the Greek power market introduced a direct marketing scheme for renewable energy units, Protergia decided to set up its own aggregator as of November 2019. This new business unit trades the power generation from Protergia´s own and from third parties´ solar, wind and hydro power plants on the Greek day ahead and intraday market.
From the beginning, Protergia was convinced of the Virtual Power Plant offered as a Software as a Service (SaaS) solution for digitally connecting the renewable energy units and efficiently monitoring, remote-controlling and trading their power output. For all connected wind and solar power plants, energy & meteo systems delivers precise power forecasts and integrates them into the Virtual Power Plant. This provides Protergia with predictability of the future energy production and reduces the exposure of its portfolio to balancing costs. The Virtual Power Plant has been customized according to Protergia´s needs with our power forecasting and Virtual Power Plant experts providing continuous support.
Equipped with this all-in-one IT solution for aggregators, Protergia can entirely focus on trading the power generation of its renewable energy portfolio on the Hellenic Energy Exchange (HEnEx).
This project is supported by the German Federal Ministry for Economic Affairs and Energy as part of the Renewable Energy Solutions Programme of the German Energy Solutions Initiative.
German Energy Agency (dena)
dena is the centre of expertise for energy efficiency, renewable energy sources and intelligent energy systems. As Agency for Applied Energy Transition we help achieve energy and climate policy objectives by developing solutions and putting them into practice, both nationally and internationally. In order to do this, we bring partners from politics and business together, across sectors. dena's shareholders are the Federal Republic of Germany and the KfW Group.
German Energy Solutions Initiative
The transfer of energy expertise, the promotion of foreign trade and the facilitation of international development cooperation are part of the German Energy Solutions Initiative, which is coordinated and financed by the German Federal Ministry for Economic Affairs and Energy. The initiative offers networking and business opportunities in Germany and abroad, it showcases reference projects and facilitates capacity building.
www.german-energy-solutions.de/en
Renewable Energy Solutions Programme (RES Programme)
With the RES Programme, the Deutsche Energie-Agentur (dena) – the German Energy Agency – helps German renewable energy companies enter new markets. The installation of climate-friendly energy technology projects in attractive target markets is accompanied by comprehensive information dissemination, marketing and training programmes. These flagship projects, supported by the Federal Ministry for Economic Affairs and Energy within the German Energy Solutions Initiative, aim to show-case high-quality German renewable energy technology and help participating companies gain a foot-hold in new markets.
www.german-energy-solutions.de/en/res
Press Release
Factsheet
German IT solution for the evolving Greek electricity market
