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Flexible IT-Platform for Synchronizing Energy Demands with Volatile Markets

Title data

Bauer, Denis ; Abele, Eberhard ; Ahrens, Raphael ; Bauernhansl, Thomas ; Fridgen, Gilbert ; Jarke, Matthias ; Keller, Fabian ; Keller, Robert ; Pullmann, Jaroslav ; Reiners, René ; Reinhart, Gunther ; Schel, Daniel ; Schöpf, Michael ; Schraml, Philipp ; Simon, Peter:
Flexible IT-Platform for Synchronizing Energy Demands with Volatile Markets.
In: Procedia CIRP. Vol. 63 (2017) . - pp. 318-323.
ISSN 2212-8271
DOI: https://doi.org/10.1016/j.procir.2017.03.088

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Abstract in another language

Abandoning fossil and nuclear energy sources in the long run and increasing amount of renewable energies in electricity production causes a more volatile power supply. Depending on external realities, renewable energy production emphasizes the need for measures to guarantee the necessary balance of demand and supply in the electricity system at all times. Energy intensive industry processes theoretically include high Demand Response potentials suitable to tackle this increasing supply volatility. Nevertheless, most companies do not operate their production in a flexible manner due to multiple reasons: among others the companies lack know-how, technologies and a clear business case to introduce an additional level of flexibility into their production processes, they are concerned about possible impacts on their processes by varying the electricity demand and need assistance in exploiting their flexibility. Aside from fostering knowledge in industry companies, an IT-solution that supports companies to use their processes’ Demand Response potential has become necessary. Its concept must support companies in managing companies’ energy-flexible production processes and monetarize those potentials at flexibility markets. This paper presents a concept which integrates both companies and energy markets. It enables automated trading of companies’ Demand Response potential on different flexibility markets.

Further data

Item Type: Article in a journal
Refereed: Yes
Keywords: Platform; Smart Grid; Demand Response; Digitization; Industry 4.0
Institutions of the University: Faculties > Faculty of Law, Business and Economics > Department of Business Administration
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Professorship Business Informations Systems and sustainable IT management
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Professorship Business Informations Systems and sustainable IT management > Professorship Business Informations Systems and sustainable IT management- Univ.-Prof. Dr. Gilbert Fridgen
Profile Fields
Profile Fields > Emerging Fields
Profile Fields > Emerging Fields > Energy Research and Energy Technology
Research Institutions
Research Institutions > Affiliated Institutes
Research Institutions > Affiliated Institutes > Fraunhofer Project Group Business and Information Systems Engineering
Research Institutions > Affiliated Institutes > FIM Research Center Finance & Information Management
Faculties
Faculties > Faculty of Law, Business and Economics
Result of work at the UBT: Yes
DDC Subjects: 000 Computer Science, information, general works > 004 Computer science
300 Social sciences > 330 Economics
Date Deposited: 29 May 2018 08:42
Last Modified: 27 Feb 2019 07:37
URI: https://eref.uni-bayreuth.de/id/eprint/44425