Morrow signs MoU with AI startup Optimeering

Norwegian clean-tech companies Morrow Batteries and Optimeering join forces to develop AIdriven automation software for short-term power market operations.

o ensure power systems remain stable, production must at all times align with consumption. In Norway’s case, the country used to have a large surplus of flexible hydropower; however, the green energy transition will change this, as society is increasingly electrified, and there is an increase in the use of energy sources that are renewable but fluctuating.

• timing, pricing and volumes when buying power for storing in the batteries

• handling management from a connected power plant, either injecting it into the grid or storing it

• meeting corresponding demand – using stored energy, or taking it from the grid.

These decisions will be made in real time and advance, depending on the market. It is also continuously updated based on physical position changes – e.g. higher-than-expected wind production of a connected wind park – and forecast market prices, liquidity and related production and demand levels.

TThe two companies have signed a memorandum of understanding. Morrow Batteries will use AI technology to combine hardware and software to establish their battery factories.

Batteries are expected to play a crucial role in energy transition

New technology solutions are needed for large power producers and suppliers to balance the energy system by efficiently using the power markets.

“Batteries are an essential part of the transition toward green energy. Implementing the AI platform will automate market operations, which is vital for Morrow to operate effectively in the future power market,” says Christian van Veen Aas, head: Business Development, Optimeering.

Veen Aas compares his company’s AI solution with an airplane’s autopilot. The ‘autopilot’ will automate several decision processes for the batteries:

• timing, pricing and volumes when selling energy and capacity/ system services to the markets

“We plan to build Norway’s most extensive battery energy storage system in Arendal. Incorporating Optimeering’s AI technology is another step towards our goal of delivering the most cost-effective and sustainable battery cells in the world”, says Amin ElKouatli, director: Strategic Partnerships at Morrow Batteries.