Elise Horn

Fallback procedures - friend or foe? Yesterdays(25/06/2024) market event resulting in a decoupling of EPEX Core region NEMO hub and a decoupling of the Nordic-Baltic region has and will cause new discussions with respect to at least single entity for market coupling as well as further alignment of procedures across European power markets. One point I want to bring to the table(where mostly NEMOs and TSOs typically discuss) is the market participant perspective. One of the key outcomes from the market is a transaction which provides the basis for consumption or production of power for the next as well as the financial obligation related. Time, money and resources are spent in processes to create optimal resource schedules and bids based on forecasted prices. The outcome in central Europe yesterday was anything but rational - hence resulting in schedules which were completely disconnected from the reality of the power system as well as financial transaction which equally have little to do with fundamentals. Probably these fantasy prices are used as reference in financial contracts as well => causing more cost. This comes at a direct cost for market participants and hence the economy as a whole. Additionally the trust for the market is eroded as a consequence of market failures like this. When looking for improvements, radical or not, do consider the main objective of the power market - providing trusted power prices and transactions for market participants - as the key criteria!

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Looking forward to attending the Solteq Plc CConference in Helsinki this week! 🇫🇮 Tomorrow, on September 12th, I have the honor to share insights on how we, at E.ON One, are helping to accelerate the energy transition through #digitization and #collaboration.    The energy sector is at a pivotal point, and success requires strong partnerships. It is only clear that no single company can achieve the energy transition alone. That’s why partnerships between technology providers and energy companies are the key to creating scalable, innovative solutions. 💡🌱    🎯 During my talk I’ll be diving into our mission and main focus:  • Leveraging AI and data analytics to optimize energy distribution  • The critical role of cross-sector collaboration in achieving sustainability goals  • Innovative solutions to address energy price volatility and enhance grid resilience I look forward to exchanging ideas with fellow leaders from across the Finnish energy ecosystem on how we can create smarter, greener energy systems. A big thanks to Solteq Plc for bringing together such a forward-thinking community. #EnergyTransition #Digitalization #Collaboration #EONOne #Solteq #Helsinki2024 #Sustainability #Utilities #EnergyInnovation 

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Still wondering whether I work at a company for soft drinks heavy on caffeine? Get it right: At AFRY we have launched the #FossilDetox Report. Here you get a comprehensive view with short glimpses into the questions we care about: - How does the #renewable game go? - Which role is left for natural #gas? - When will #heat be purely green? - What about next generation #nucelar? - How can #grids cope? - Will #storage play a role? - Can #CCUS revolutionize the transition? - How else can we remove #carbon? - Which #alternative solutions are out there? - How can #circularity help us? Have a look at our #path towards a #sustainable #future!

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ESA has decide that Norway need to implement frameworks for two platforms for the exchange of #balancingenergy from frequency restoration reserves: one with manual activation (mFRRIF), and another with automatic activation (aFRRIF). However, Several journalists, including journalists at Stavanger Aftenblad are addressing the potential risk of «grid blackout» due to lack of immidiate backup power when the offshore windfarms goes idle. As per today, the onshore electricity grid is not dimensioned to use onshore powerplants as backup when 1-6 GW are suddenly lost due to wind fluctuation. The result is to shut down power intensive industries and even housing areas. Do politicans understand the gravity of this problem? Sosialistisk Venstreparti Arbeiderpartiet Senterpartiet Terje Aasland? It’s time to add offshore pumped hydro into the next generation offshore windfarms, which can be scaled up to generate significant amounts of power, potentially up to 100 TWh annually per location if the onshore grid is dimensioned for offtake. Here is a deeper dive into the patented technology, which require a minimum of 100 meter water depth to utilize vacuum generated pressure and buoyancy force: https://lnkd.in/dnUmzJsQ. Harald Evensen Elisabeth Sæther Anders Lie Brenna EnergyWatch Jarle Hetland EFTA Surveillance Authority

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Did you know that as a suscriber to Volue Insight Conventional Forward (Mid term analysis for the Nordic Market) you get access to our ad hoc analysis, named EMPS Scenarios. Our normal Nordic midterm simulations utilises future market prices for the fuel and emission markets to generate short term marginal cost, but in our latest scenario run, we quantify the effect on prices if we run with Volues internal forecast for gas and CO2 prices.

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There is no substitute for sufficient large scale and long duration storage. interconnectirs cannot do the job. not only that, but they also require massive and unaffordable investment in grid reinforcement and, because they are DC, in the construction, connection and procurement of ancillary services.

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Today had a presentation at Montel Group's Finnish Energy Day. I was given a topic "From coal to SMR. Transforming the energy supply of Helsinki" Our journey from coal to SMR can be seen very simply as changhing one technology to other. But reasoning is more complex and so is the journey as well. We have lived decades in fossil economy. It has quaranteed fairly steady and low energy prices. Climate change mitigation urges us to end the fossil economy era, but that does not happen without systemic change. At the moment new investments to power sector are directed to wind energy and solar power, and that results very volatile power market price. Volatility have considered not to be desirable and many misses the good old days with steady marketprices. Volatility is not a problem rather an opportunity! Our aim at Helen is to increase our flexibility cababilities via technology (like batteries), also better balancing our own production and consumption (electrification of heating brings huge potential) and digitalization (opportunities in treading and customer interface). But how about SMR's. Those we need in 30's when we aim to phase out combustion-based energy production by 2040.

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💥 Want to understand how #Negative prices are formed in the #electricityMarkets? 👁 Understand the implications of the #power price on the #energy transition 💲 Are you a #trader or a #trading house willing to enter the #WholesaleElectricityMarkets? 🗓 Mark your calendars for Tuesday 29th October 2024. Join some of the best Market Experts taking you on a joy ride of the wholesale electricity markets world. Please sign up soon, Limited Seats available. Grab the #opportunity before its too late. #powermarkets #energytransition #Battery #BESS #prices #Conferance #Climate

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The Green Transition is happening in Northern Sweden - there is not better conditions anywhere in Europe to create this transition. The industrial clusters together with the municipality of Luleå with their companies Luleå Energi, Luleå Harbour etc, and the region of Norrbotten is paving the way for a massive gren transition. It is not easy and it is not given and the conditions needs to be right for investment decisions. But if we do not all believe that this will happen and if we do not work together- it will not happen. Happy to participate today at the large conference hosted by the Chamber of Commerce in Norrbotten - “Norbottens handelskammare” to give mine and Uniper’s perspective on the Green Transition.

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New day - new interesting panel discussion.    Yesterday, I was invited by the Swedish Ministry of Climate and Enterprise to participate in the Nordic conference on electricity market development and electrification, and be part of panel including also Lina Håkansdotter (Palm), Martin Johansson, Michelle von Gyllenpalm and Bård Standal. The panel was led by Markus Wrake    Our panel discussion focused on electricity market design and which policies that needs to be considered to achieve large scale electrification of the society. Here comes my assessment on what is needed:  1. The availability of sufficient affordable and secure supplies of carbon free electricity is essential if the Nordics wants to attract industrial investments while safeguarding the welfare of our households.  2. A balanced combination of all carbon free energy sources delivers the best electricity system - at lowest cost.  3. The nordic electricity markets needs an upgrade and a capacity mechanism could be a feasible way forward in order to incentivise new well needed capacity while keeping market and price signals in place.    #EnergyTransition #ElectricityMarkets #Sustainability #Fortum 

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Sweden’s climate policy is under scrutiny. Climate expert Johan Rockström highlighting urgent gaps in the government's approach in a interview with Fanny Jönsson. He argues that immediate actions, such as setting a phase-out date for combustion engines and reinstating stricter emissions regulations, are critical to avoid losing ground in global competitiveness. Rockström warns that annual emissions reductions, not distant 2045 targets, should be the focus. For the companies out there that want to take responsibility for their business survival no matter what any government says - one of the first step to lower your annual emissions is to understand them as they are today. To do this you need to collaborate internally, set up processes for managing information and get the support of your management conducting these activities. More crucial, as more than 70% of every company's emissions on average lies within Scope 3 (Scope 3 including all the emissions a company is indirectly responsible for, both up- and downstream of their supply chain), you also need to collaborate with your suppliers to have any chance of making a positive change now. Are you there yet? Want to talk about how to get there? #Sustainability #ClimateAction #Leadership #EngagingSuppliers #wedonthavetime

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This week, our leadership team at Siemens Energy in Sweden came together for a workshop focusing on Inclusion and Diversity, together with our long-time partners at Mitt Liv AB (svb). We worked collaboratively on our new Gender Equality Targets, which underscore our steadfast commitment to fostering a even more inclusive and equitable workplace. We have decided on ambitious goals for 2030:   35% of our managers will be female 30% female representation at each management level 30% of our total employees will be female   These goals are not just numbers; they represent our dedication to creating an environment where gender equality thrives and every voice is heard and valued. We recognize the crucial role that diversity plays in driving innovation and success, and we are committed to adapting our ways of working to ensure we reach these goals. The leadership team and I believe that real change comes from real action and for sharing good ideas. We use diverse panels and recruitment buddies to mitigate unconscious biases and when we hire a manager, at least one of the final candidates must be a woman to proceed without further action. How do you work with gender equality in your company? Together, we will build a stronger, more inclusive future! #Inclusion #Diversity #GenderEquality #SiemensEnergy #Leadership #Commitment

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Summer vacation is closing in for many of us in Norway, and like last year, that's also when Aize welcomes a new group of summer interns. This year we have 10 students joining us for 6 weeks in our new offices at Aker Tech House 🚀   The students will be divided into two teams and spend their time tackling the following challenges: 🤝 Coollab: Enable multiple users to collaborate in the 2D/3D surfaces synchronously 📃 DocuMentals: Enhance the efficiency and accuracy of generating RegEx configurations used to extract tags from documents.   Like last year, we asked all of Aize to think of relevant cases. Out of the many suggestions we got, we managed to narrow it down to two that are highly relevant for Aize and give the students a chance to work on challenges they actually could have faced if they were permanent employees in Aize.   I really believe in giving the students an experience that resembles the Aize experience as accurately as possible. On the one hand, it gives Aize unique insight into how the students actually handle challenges they could face as a permanent Aize employee. On the other hand, it gives the students a unique insight into how it's like working in Aize. So, essentially allowing both parties to be really well informed, and uniquely positioned to make a good decision when we start talking about permanent employment at the end of the internship.   Really excited to see what this group of talented students will be able to achieve in six weeks! If you want to read more about our summer internships, here is a recap from our edition last year 👇   #SummerInternship #SoftwareDevelopment Rebecca Victoria Haugen Anna Duong Amalie Løvdahl John Teo Julia S.

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What do Bill Gates and CTO at Infinigrid AS - Arne Brufladt Svendsen have in common?   Bill Gates once reflected on his early career, where, as a high school student, he wrote software for the power grid in the Pacific Northwest. “It was an amazing learning experience,” he said, recalling how they were computerizing the grid long before most people even thought about its importance. Today, the critical role of that infrastructure is undeniable, as energy systems face growing complexities and challenges.   Similarly, Arne Brufladt Svendsen’s journey into the power grid world began with his thesis, which eventually evolved into Promaps Realtime ( Infinigrid AS), a revolutionary software now used by grid operators to predict real-time risks. What started as an academic project has become a powerful tool that employs deep learning algorithms to solve some of the most complex mathematical challenges in grid management.   Both Gates and Svendsen share a forward-looking vision: the belief in software as a catalyst for change. Gates, through his climate initiative, Breakthrough Energy , emphasizes the role of innovation in modernizing energy systems, highlighting how technological advancements are essential to building a cleaner, more resilient energy future. He recognizes that although policy is a significant challenge, technology will play a pivotal role in creating efficient, sustainable energy grids.   Svendsen’s Promaps Realtime takes that vision further, offering a practical solution that empowers grid operators to assess risks in real-time, improve operational management, and make data-driven decisions. By analyzing complex data structures, #PromapsRealtime helps operators optimize everything from maintenance schedules to cost-benefit evaluations, reducing the likelihood of costly interruptions and enhancing the grid’s overall performance.   Both Gates and Svendsen have demonstrated that human ingenuity can solve even the hardest problems, like climate change and energy transmission. Their work shows that by harnessing the power of software, we can build more resilient and efficient energy systems, laying the foundation for a future with cleaner air, fewer blackouts, more jobs, and healthier communities. With innovators like them, the path to a sustainable energy future is already taking shape.

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📈 Green investment is key to Finland's higher GDP pathway ! A new study by Oxford Economics has interesting findings. In 2024-2030, investment in green infrastructure and technology will rise by €22 bn. By 2030, GDP will be 2.9% higher than the Baseline in the climate leader scenario, with total fixed investment 9.5% higher.  In the study, it is estimated that Finland will export 14 TWh of clean power in 2035. In the climate leader scenario, Finnish emissions will be net zero by 2035. #electricitymarkets #greentransition

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Exciting progress in our Waste-to-Energy CCS project! This week, we proudly announced that Vantaan Energia Oy is moving forward to the next phase of our Waste-to-Energy Carbon Capture and Storage (CCS) project! Earlier in the week, me and Hanna Pitkänen had insightful discussions with key officials and policymakers at the European Parliament and Directorate-Generals (DGs) about the enormous potential of this project. What could this mean for Finland and beyond? - Boost recycling rates across Finland ♻️ - Ensure only non-recyclable waste is used in incineration 🔥 - Capture CO2 emissions from the incineration of non-recyclable waste 🌱 - Provide waste heat to heat up 90% of the buildings in Finland’s 4th largest city This innovative project could redefine sustainability in waste management and energy production, but we can’t do it alone. We’re calling on partners and decision-makers to join us in making this vision a reality. Read more about our journey here: https://lnkd.in/dvrncY2J #Sustainability #WasteToEnergy #CarbonCapture #CCS #CircularEconomy #VantaanEnergia #Finland

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Zero bidding errors – a dream or a possibility? Nordic power traders are raising concerns about an increase in bidding errors at Nord Pool. With over 700-800 GWh in incorrect volumes flagged in the last decade, it’s clear the market’s growing complexity, shorter contract times, and variability in renewable energy sources like wind power are challenging traditional systems. But what if Artificial Intelligence (AI) could make "zero errors" a reality? At TGN Energy, we’re collaborating with Hitachi’s Autobid system, designed to optimize energy bids in real-time while ensuring compliance and accuracy. By leveraging AI, we aim to not only reduce errors but also give market participants access to smarter, more efficient trading strategies. 💡 What do you think? Can AI truly eliminate errors in energy trading? Or will the ever-changing dynamics of the market always leave room for improvement? Join the conversation below – we’d love to hear your thoughts! TGN Energy Hitachi Energy #multimarkets #vpp #autobid

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