Noetik was presented with the Silver Award at the BITE Awards 2023 for the development of the GEARS RES aggregation platform

Custom Software Development | Web services | Energy Exchange

Custom Software Development | Web services | Energy Exchange

About the project

Development of a management platform for the GEARS RES aggregator. Specialized solution for the automation of order submissions to the Hellenic Energy Exchange, the clearing of fees and the invoicing of RES producers / park owners.

The platform is based on a multi-node stateless architecture, which uses micro-services to perform the individual tasks and features a web interface for the GEARS traders and the producers/ park owners.

Depending on the selected configuration, state and number of nodes in operation, each node can perform one or more of the following services:

  • Get production forecasts for each park
  • Provide feedback to forecasting services
  • Submit orders to the Hellenic Energy Exchange through the ETSS system 
  • Receive measurements and clearances from the corresponding services of the Greek PTO (ΑΔΜΗΕ)
  • Monitors other nodes: Checks the health of other nodes, ensures correct execution of submissions to the energy exchange and informs GEARS administrators and traders if action is required.

Akuo SA is an independent global renewable energy power producer and developer. Akuo has been operating in Greece since 2018 (Akuo Energy Greece). The company is present across the entire value chain, including project development, financing, construction, and operation. Akuo had invested more than EUR 2.5 billion to build a portfolio of over 1.3 GW of assets in operation or under construction and a robust 5 GW development pipeline. Akuo Greece has already proceeded with strategic partnerships with key local players of the Greek Market and is dynamically developing a portfolio of all three technologies.

GEARS SA, a subsidiary of Akuo SA, is a newly established aggregator that aims to provide optimal forecast for the production of RES Stations on both spot and derivatives market and be responsible for the submission of appropriate offers in the corresponding markets of the wholesale electricity market. GEARS settles all management issues with the Hellenic Energy Exchange and the Clearing House. GEARS is a technology-based company that takes advantage of the latest developments in data analytics and uses new algorithms and real-time data to forecast generation and bring value to its customers. In parallel, GEARS offers monitoring, operation and maintenance services aiming to optimize assets performance.

About the client

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