REALISE: Renewable Energy Analytics for Lifetime Investment and Systems Engineering

Led by Vattenfall, REALISE will deliver an analytics software suite for the design and valuation of multi-technology renewable energy assets, also known as Renewable Energy Parks (RE Parks). Future wind and solar farms will provide green power not only to the grid but also to electrolysers delivering green hydrogen and heat to gas and heat networks, to energy storage units delivering constant green electricity to the grid, and to data centers providing IT solutions to its customers. REALISE provides key innovative solutions within energy system modelling, simultaneous optimization of design and operation, and advanced financial engineering, which are critical to reach profitability targets when developing this type of renewable energy parks. The value of REALISE is demonstrated and validated in the design of a real onshore and offshore development asset. The outcome from REALISE has the potential to become a critical part of any renewable energy developer’s toolbox wishing to design and operate profitable renewable energy parks and actively participate in the race to a decarbonized future.