GE Digital and EPEX SPOT Partner to Accelerate Grid-Centric Flexibility Markets for System Operators

EPEX SPOT announced a strategic partnership to help accelerate grid-centric flexibility markets with GE Digital through their GridOS DERMS. The partnership will focus on helping customers with flexible assets speed up the integration of renewables and more seamlessly contribute to resolving costly congestions throughout the grid, all in a service to help accelerate the energy transition.

This collaboration represents a shared commitment to help advance intelligent distribution grid flexibility. Together, GE Digital and EPEX SPOT are committed to help empower System Operators (SOs) to better optimize grid operations by enabling more efficient participation in flexibility markets at scale. These markets enable SOs to procure greater flexibility to physically solve grid congestion and enable Flexibility Service Providers to promote the use of distributed energy resources (DER) flexibility.

In this strategic partnership, GE Digital and EPEX SPOT are aligning their software solutions to better enable interoperability. GE Digital’s GridOS DERMS platform is designed to deliver intelligent grid management capabilities for DSOs. The scalable software, underpinned by the GridOS integrated, modular, and standards-based architecture, delivers a set of tools to connect, visualize, control, and better optimize DERs from both a technical and economic perspective. This includes things, such as comprehensive visibility into the network and DERs, more advanced forecasting, identification of constraints requiring DER flexibility services, and better optimized determination of the required flexibility at each location of the grid, including the low voltage grid. EPEX SPOT’s Localflex platform provides an end-to-end trading platform for Flexibility Service Providers and DSOs to enroll DERs in flexibility markets, to view requested DSO flexibility, and to match their offers to these requests using a new clearing algorithm.

By connecting these two solutions, GridOS DERMS and Localflex seek to help empower DSOs to more seamlessly procure flexibility at scale, advance further toward decarbonization goals, and reduce the cost of network reinforcement via more economic market solutions.

The collaboration between GE Digital and EPEX SPOT plans to grant utilities enhanced visibility and control over their grid assets, enabling a more effortless participation in energy markets and efficient management of distributed energy resources. By helping to ensure interoperability between the solutions, utilities can better leverage grid flexibility, achieve regulatory compliance, and realize cost reductions.