Optimisation for increased savings
Optimisation for increased savings
Optimisation – what does it mean?
For any given half-hour, the input costs and charges that make up the price of electricity can vary. Equally, as gas costs vary, the optimum on-site generation level changes each half-hour. The team at Hartree Solutions can predict with a high degree of accuracy what it believes market prices will be several half hours ahead on a minute by minute basis and alter the operation of installed power generation plant accordingly.
- If we predict market prices are high, we will operate the plant at maximum output and supply both on-site demand and export any excess power to the market, gaining revenue to your benefit.
- If the prediction is of low or even negative market prices, on-site generation would be more costly than importing from the National Grid and we would turn off the generation plant and import power from the Grid as this would create material savings in power costs.
- At other times when we predict market prices are equal to or slightly higher than generation cost, we would operate the plant in “load following” mode, saving you money but not generating an excess for exporting.
How we optimise
As a global energy trading company, data is the engine that drives our business forward. Our data analysts and traders collate, analyse, and interrogate literally millions of data points per minute, all day, every day. We use this data to build complex models of the energy world, across the UK, Europe, and further overseas.
Our fundamental and Artificial Intelligence (A.I.) based models are used by the trading team, coupled with their decades of experience to make sound trading decisions. The data collected feeds into our own A.I. system which despatches instructions remotely to our generation assets, setting their operating parameters to maximise revenue streams based on real-time market conditions and expected changes in market prices.
We can also use these same A.I. predictions for marginal carbon grid intensity. This allows us to overlay this metric to ensure we operate the generation assets to save money and reduce carbon emissions simultaneously.
Savings for you - not your energy supplier
Optimising any generation asset based on real-time market prices does not necessarily benefit you, it benefits your energy supplier as they will charge you the flat tariff in your contract irrespective of system prices. Hartree Partners Supply, our fully licensed supply business, can become your supplier, meaning that all the real-time market benefits, including spot prices, are passed on to you. In fact, we don’t stop there. We forecast these future energy savings and guarantee these to you so you can get on with what you do best while we do what we do best.
Optimisation – risk free
As part of our service to you, we carry out an in-depth analysis of your power and gas data, this gives us a clear picture of which asset or combination of assets will offer you the highest savings and largest carbon reduction.
We run these solutions through a rigorous modelling system, and this shows the performance of the asset and how we believe it will perform in the real world. We then “bake in“ the optimised savings for this asset and pass them on to you as a fixed price per kWh. It’s the same price for all your power, whether it is imported from the grid or generated on-site, Hartree is responsible for the optimisation and ensuring the asset performs as we expect, for you, the process is risk-free.
Hartree Solutions will invest in the asset, its optimisation and maintenance and pass the savings on to you at a guaranteed fixed low price.
We help power your business in a way that keeps it profitable, competitive and contributes to a carbon neutral world.
Energy market insights and news
AGP Sustainable Real Assets and Hartree Partners Announce US Expansion of Global Solar Partnership
AGP Sustainable Real Assets Pte Ltd (AGP) and Hartree Partners, LP (Hartree) today announce the…
AMPYR Energy USA will be headquartered in New York and is targeting to build a 5GW utility-scale solar PV platform across multiple US markets. With experienced renewables development professionals on the ground, the newly-created company will continue to leverage AGP’s experience in developing large-scale renewable power projects globally, and Hartree’s cutting-edge power trading analytics and zero-carbon solutions.
“With the Federal and State goals for accelerating the energy transition, the US will be one of the fastest growing solar markets in the world and a core strategic priority in realizing AMPYR’s ambition of becoming one of the largest independent renewables developer and operator globally,” said Saurabh Beniwal, Partner at AGP and Board Chair for AMPYR USA.
Since its inception in February 2021, Hartree and AGP’s European solar venture, AMPYR Solar Europe (ASE), is making swift progress towards its goal of rolling out 5GW of large-scale solar projects to establish itself as one of the largest utility scale solar platforms in Europe. ASE also recently closed a €400 million facility to support this plan.
Following in the footsteps of ASE, expectations are equally high for AMPYR USA.
“We are excited to take another step forward with AGP into the US market,” said Stephen Semlitz, Managing Director of Hartree. “This new venture allows us to further demonstrate our decades of experience in finding investment solutions, consulting, and generating sustainable and commercially viable strategies for energy renewal and regeneration.”
To learn more about the new US venture visit: www.ampyrenergyusa.com
AMPYR Solar Europe Signs Deal with Edinburgh Airport to Develop Renewable Infrastructure
AMPYR Solar Europe (ASE), a pan-European solar developer, and Edinburgh Airport Limited today announce the…
AMPYR Solar Europe (ASE), a pan-European solar developer, and Edinburgh Airport Limited today announce the signing of a deal to develop a new solar farm linked with battery technology and electric vehicle charging infrastructure at Scotland’s busiest airport.
Under the agreement, ASE along with its local construction partner, Absolute Solar & Wind will build approximately 9MW of solar PV, 1.5MW of battery storage and 40 EV charging points. The large ground-mounted solar PV system and battery will be situated next to the runway on a 16-acre plot of land, connected to the airport via a high voltage private wire network.
The development will be a cornerstone of Edinburgh Airport’s goal to achieve Net-Zero by 2040 by generating clean, renewable energy that will cover about 30% of the airport’s total consumption.
“Our commitment to a net zero future is underpinned by the various strands of work we have going on across the airport as part of our Greater Good sustainability strategy and one of the most visible projects will be this solar farm,” said Gordon Dewar, Edinburgh Airport’s Chief Executive. “We are happy to confirm our partners in this exciting step and our collaboration will enable us to implement this technology and allow us and Scotland to benefit from it as soon as possible.”
The project is in the late stage of design, with construction planned to start this summer and be fully operational by the start of next year.
“We are really pleased to be partnering with Edinburgh Airport on this important step towards a net-zero future and in support of its impressive “Greater Good” sustainability strategy,” said Andrew Gould, Executive Chairman of ASE. “Edinburgh Airport’s leadership shows a way forward to zero carbon for the airport sector. This is the first of ASE’s five renewable energy projects in Scotland to reach the delivery stage: the commitment and support of the Scottish Government and its strong policy position on climate change is clearly attractive to international investment.”
Edinburgh Airport will purchase the power produced by the solar farm through a long-term Power Purchase Agreement with ASE. This PPA will generate long-term energy and carbon savings for the airport.
“We are delighted to support Edinburgh Airport with its ongoing drive to reduce its carbon impact,” said Matthew van Staden, Senior PPA Originator at Hartree Partners. “Through our expertise within Hartree and AMPYR Solar Europe, we can drive and deliver innovative energy solutions for companies within energy-intensive sectors. Our understanding of sustainable generation and commercially viable strategies in this space helped bring this project to life for Edinburgh Airport.”
The construction is further supported by the Scottish Government’s Low Carbon Infrastructure Transition Programme, which have provided a grant for a portion of the capital expenditure.
“We are proud to be delivering this pioneering project and helping to decarbonise Edinburgh Airport alongside our funding partners ASE and the Edinburgh Airport project team,” said Tom Newall, Managing Director at Absolute Solar & Wind. “The co-location of utility scale battery storage and solar PV has enabled us to maximise the green energy generation on site whilst working with the grid connection constraints. We look forward to entering the construction phase before progressing to carry out the operation, maintenance and optimisation of the system, as it generates clean power for years to come, providing energy security for a major, Scottish transport hub.”