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HomePress ReleaseEIN PresswireIn world first, Profas Energy Consult partner with Energy Exemplar to model...

In world first, Profas Energy Consult partner with Energy Exemplar to model hydrogen value chain


Profas and Energy Exemplar purpose to improve transparency throughout the hydrogen value chain and speed up the inexperienced hydrogen market

LONDON, UNITED KINGDOM, July 17, 2023/EINPresswire.com/ — The German hydrogen and power transition consulting agency Profas Energy Consult has partnered with Energy Exemplar to model the newest and most subtle wants of the hydrogen value chain utilizing PLEXOS.

In a world first, Profas Energy Consult, who specialize in improvement help and implementation teaching for inexperienced hydrogen initiatives, will work with Energy Exemplar to construct on its market-leading modelling software program platform, PLEXOS, and optimise hydrogen and power-to-X initiatives. The hydrogen market being in early phases has beforehand been reliant on fundamental modelling together with spreadsheets to model situations. This strategy is reaching an finish as a number of know-how choices, renewable climate situations, in addition to optimum positioning within the grid are taking part in a key function in challenge profitability.

Profas Energy Consult and Energy Exemplar will deliver their respective experience in hydrogen and modelling to introduce transparency to hydrogen challenge value flows, making remaining funding choices less complicated. They may also make sure that capital is put into initiatives with the best probability of success. Profas and Energy Exemplar will develop state-of-the-art challenge and asset fashions to simulate hydrogen initiatives and their business influence within the power market.

Potential use instances for the specialised “hydrogen-only” PLEXOS software program embrace modelling cost-minimised energy provide from unstable renewable power sources, optimum energy buy agreements, power market buying and selling results, in addition to the value of ancillary providers. The modelling will likely be of specific curiosity and enchantment to hydrogen and power-to-X challenge builders, in addition to monetary establishments and traders.

Armin Schnettler, Managing Director of Profas Energy Consult, stated: “Optimising the Energy-to-X value chain requires OEM-specific working fashions, degradation results, upkeep and alternative efforts, to calculate monetary knowledge over the specified lifetime – for example, revenues and money flows.”

Michael Schneider, SVP and Head of EMEA at Energy Exemplar, stated: “By simulating renewable power provide and its volatility, PPAs and market worth forecasts, completely different hydrogen know-how choices, the optimum scores of the electrolyser resp. power-to-X plant will likely be derived, making certain the bottom value of hydrogen and highest financial profit.”

The information comes as the worldwide power transition enters its subsequent part. The ‘inexperienced’ hydrogen economic system is accelerating the decarbonisation of sectors that are onerous to electrify. Greater than 1,000 renewable and low-carbon hydrogen initiatives requiring $320 billion in funding by the top of 2030 have been introduced globally.

In accordance to the Worldwide Renewable Energy Company’s (IRENA) 2023 1.5C situation, world electrical energy demand is predicted to triple in contrast with 2020 with direct and oblique electrification. Good electrification and efficient hydrogen utilization may have to be mixed to allow the efficient integration of renewables.

PLEXOS has emerged because the market-leading simulation and optimisation platform for market gamers in want of the means to make clever choices by processing and drawing insights from huge quantities of information.

Energy Exemplar and Profas Energy Consult plan to have the primary devoted “hydrogen” instrument chain based mostly on PLEXOS prepared to use by This autumn of 2023. They purpose to have accomplished the power-to-X value chain simulation fashions in 2024.

ENDS

About Energy Exemplar:

Energy Exemplar is the main simulation software program supplier for the world power market. Headquartered in Australia however with a world presence, it provides power corporations the instruments and experience to gentle a path ahead to a cleaner, greener future. Its state-of-the-art modelling software program, together with the world-leading PLEXOS suite, empowers greater than 500 shoppers throughout 73 international locations to run simulations, analyse situations, simplify choices and make the change shortly and safely to web zero. Now the go-to supplier of power options for the world’s prime market stakeholders, Energy Exemplar helps to form tomorrow’s world.

Combining fixed innovation with a ardour for sustainability, Energy Exemplar has made the crystal ball a actuality with its PLEXOS suite. Utilizing PLEXOS, shoppers can construct datasets on electrical energy, water and fuel, and digitally replicate real-world power markets with unmatched accuracy. PLEXOS simulations inform buying and selling, technology scheduling, capability enlargement and market evaluation. As the necessity to decarbonise grows pressing, PLEXOS has change into the important instrument for the safe transformation of the world power market.

For extra data go to: https://www.energyexemplar.com/

About Profas Energy Consult:

Profas Energy Consult GmbH is a consulting and funding follow, specialising in improvement help and implementation teaching for profitable inexperienced hydrogen and Energy-to-X initiatives.

Managing Administrators Natalia Westhaeuser (MBA) and Armin Schnettler (Univ.-Prof. Dr.-Ing.) are additionally engaged as Working Companions of FiveT Hydrogen, the 360-degree monetary partner of the hydrogen business. FiveT Hydrogen is growing an funding fund household focusing solely on clear hydrogen. With this focus, FiveT Hydrogen has already launched the world’s first and largest infrastructure fund collectively with Ardian within the Hy24 three way partnership.

For extra data go to: https://profas-energy.com/

Victoria Pearson
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