Objective
The project aims to develop, implement and test, on a high performance computing platform, a software system to simulate and optimise the energy generation and trading coordination planning process in large electricity generating systems, both in the short (1 day-1 week) and medium to long term (one-two years). Special consideration will be given to this process to the growing importance of the energy trading problem in a deregulated market.
The target is to develop and implement suitable mathematical algorithmic approaches for a parallel high performance environment, so that the solution times for a large size case of the above problem lie in the range of:
- 10-15 minutes for the short term planning problem, and
- 0,5-1 hour for the medium-long term planning problem
The currently available systems cannot attempt to solve the problem optimally. They only provide implementable solutions by addressing the problem as a sequence of subproblems which, on one hand require a computing effort that should be affordable with present systems and, on the other hand, do not guarantee by any means the global optimum of the solution. The proposed project addresses the improvement of both the quality (better planning, lower costs) and the efficiency (less response time) of the electric power planning and management related activities by the electric utilities.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
- engineering and technology electrical engineering, electronic engineering, information engineering electrical engineering electric energy
- engineering and technology electrical engineering, electronic engineering, information engineering electrical engineering power engineering electric power generation
- natural sciences computer and information sciences software software applications system software
- engineering and technology electrical engineering, electronic engineering, information engineering electronic engineering computer hardware supercomputers
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Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
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Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Coordinator
28080 Madrid
Spain
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.