ZURICH - Tuesday, 09. April 2024
FluxSwiss
and SwissAI have signed a collaboration agreement to explore the
performance of AI in energy infrastructure modelling. The collaboration
marks a first step towards AI-enabled system modelling for the energy
transition.
(BUSINESS WIRE)-- FluxSwiss has invested over the
past years in tools to simulate various energy scenarios and their
impact on its network. The collaboration with SwissAI sets out to
harness AI-based analysis and forecasting expertise and technology into
its approach as well as widen its scope to the entire European
geography. Integrating AI holds the promise of enriching the approach
with new possibilities for simulating impacts of supply and demand
evolutions, policy orientations and human behaviour. In a further step
AI could be integrated to model interactions across the overall energy
system.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240408063385/en/
Erik
Vennekens, CEO FluxSwiss: “It is crucial to understand the impact of
economic and geopolitical events on the overall energy system and to
plan for the energy transition while making it happen at optimum cost
and safeguarding security of energy supply. SwissAI with its
cutting-edge AI capabilities is an excellent partner and we look forward
to take our approach to the next level.”
Anna Gawlikowska, CEO
of SwissAI: “We are delighted to partner with FluxSwiss. Technology of
SwissAI’s platform has been developed over the last 14 years into one of
the most powerful AI systems in the world specifically designed to
address large scale infrastructure evolution. We look forward to address
the current challenge of unprecedented transformation of the energy
system.”
SwissAI’s platform covers a comprehensive integrated
system of electricity and gas infrastructure as a part of its extensive
database coupled with holistic agent-based simulation framework offering
unpaired flexibility in decision making support across technological,
commercial and regulatory aspects.
FluxSwiss markets c. 90% of
the capacity in the Swiss Transitgas pipeline and is part of the fully
independent infrastructure group Fluxys. Headquartered in Belgium,
Fluxys has 1,300 employees active in gas transmission & storage and
liquefied natural gas terminalling. Through its associated companies
across the world, Fluxys operates 28,000 kilometres of pipeline and
liquefied natural gas terminals totalling a yearly regasification
capacity of 450 TWh.
As a purpose-led company, Fluxys together
with its stakeholders contributes to a better society by shaping a
bright energy future. Building on the unique assets of its
infrastructure and its commercial and technical expertise, Fluxys is
committed to transporting hydrogen, biomethane or any other
carbon-neutral energy carrier as well as CO2, accommodating the capture,
usage and storage of the latter.
SwissAI is a Software as a
Service (SaaS) provider at the forefront of shaping the future of
energy, mobility and real estate sectors. The energy sector framework
utilised within the collaboration with FluxSwiss provides access to
thousands of layers of anonymised proprietary data and algorithms for a
comprehensive bottom-up dynamic operational and economical assessment of
infrastructure investments as well as real time operations. SwissAI’s
platform couples the electricity and gas infrastructure with the
bottom-up demand to run various scenarios for the entire European
continent and their impact on the operations of interconnected energy
system.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240408063385/en/
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Contacts
SwissAI AG
info@swissai.com
www.swissai.com
FluxSwiss
info@fluxswiss.com
www.fluxswiss.com
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