Danish Enfor makes 15 percent of the world's energy forecasts better

15 percent of the world’s energy forecasts have become more accurate.

This is the result of the innovation project EuroGrid, which addresses the challenge of integrating increasingly fluctuating energy sources such as wind into the energy system without losing the system balance, which is crucial.

One of the partners in the innovation project is the Danish energy company Enfor, whose 30 employees in Denmark, Iceland, Hungary, and India are involved in approximately 15 percent of the world’s energy forecasts, thereby contributing to increased accuracy of the forecasts as part of the project.

Mikkel Westenholz, the CEO of Enfor, says:

"Based on the project, we have contributed to increasing the accuracy of the forecasts – there is interest and potential in this," he says.

It can be said: The outlined potential for better energy forecasting is 200-300 million DKK, and for this reason, Ørsted has engaged in the innovation project:

"We are looking into a future with a common, green energy system across all of Europe, where in Denmark, we are impacted by whether it is windy in England or if demand rises in France," says Jan Hvidberg, Lead Analyst at Ørsted:

"A smooth integration across Europe will be crucial for the price of renewable energy for all of us. That is why we are focused on developing technologies that can support this," he says.

Accelerating Development

The amount of renewable energy in European countries’ energy systems is increasing year by year. The innovation project’s partners – ENFOR, EA Energianalyse, DTU, Ørsted, and the facilitator Energy Cluster Denmark – have together developed a digital platform that incorporates forecasts for renewable energy supplies, electricity supply, and electricity prices across European countries; initially Denmark and Germany.

The platform describes the current market situation and energy supply in real-time, ensuring that the individual countries’ energy systems are streamlined, and the project now aims to scale across all of Europe.

This development is something Mikkel Westenholz is excited about:

"The involvement of Energy Cluster Denmark has meant that we have been able to speed up the development of the technology, strengthen the potential for funding, and gained better access to collaboration with the other partners in the project. We have already formed collaborations in Scandinavia and Germany, and the plan now is to roll it out across all of Europe, thereby connecting all European countries through a common infrastructure," he says.

Growth Opportunities

Enfor has gained more employees as a result of increased tasks, and the company has been named a Gazelle company for the fourth consecutive year.

"The support we received through the project allowed us to take the risk and invest in the project. Energy Cluster Denmark facilitated the funding for the project and made it less administratively burdensome for us. We completed the project and now have energy traders in several parts of the world testing the product," says Mikkel Westenholz.

Facts

The innovation project is supported by the European Regional Development Fund with a total project amount of 2.7 million DKK. The project’s partners were the Technical University of Denmark (DTU), EA Energianalyse, EMD International, Energinet, Ørsted, and Enfor.