Flexible Loads on the Energy Market
The department »Financial Mathematics« of Fraunhofer ITWM is also on site and presents some of its projects. Their focus in energy research is on the flexibility of loads on the energy market, the development of new algorithms. For example, in the project EnerQuant funded by the Federal Ministry of Economics. Here, the researchers develop algorithms for qubit-based quantum computers and quantum simulators for the solution of an energy fundamental model with stochastic influencing variables. Likewise, the Fraunhofer ITWM presents the project ENets, which is funded by the German Federal Ministry of Education. Here, the team is creating mathematical forecast models of how electricity demand will develop over the course of the year in order to optimally design the electricity grid of the future.
The researchers of the departments »System Analysis, Prognosis and Control« and »Financial Mathematics« of Fraunhofer ITWM will present these and other projects at Messe Essen in hall 5, booth number 040 / 054, starting on May 23.