Louvain-La-Neuve, Belgium (ots/PRNewswire) - India's premier Power
Exchange IEX partners with the Belgian scale-up N-SIDE to implement
its Power Matching Algorithm for Electricity price discovery in its
With effect from 14th April 2021, the Indian Energy Exchange has
started using the N-SIDE Power Matching Solution to determine the
daily price and traded volume of electricity in its Day Ahead Market.
IEX expects to benefit from N-SIDE's Power Matching Solution as it
enables the power exchange to respond to the rapid growth of the
Indian Energy market. After deploying and continuously improving a
solution for the European market for more than 10 years, N-SIDE's
Power Matching Solution is now being used to benefit the Indian
As a Belgian scale-up founded in 2000, N-SIDE has seen significant
growth over the past years. The company combines advanced analytics,
software development and business expertise to create innovative
technologies and algorithms that have a positive impact on businesses
and people around the world. N-SIDE develops Artificial Intelligence
software as a service, but also provides tailor-made solutions to
meet specific business needs of customers.
Today, N-SIDE is an international organization with offices in
Belgium and the US. Earlier this year, the company announced a
capital increase of 10 million euros to accelerate the development of
innovative solutions and encourage the international growth of the
company. In the next chapter of this growth story, N-SIDE has started
to support the expanding energy market of India.
With a share of 95%, IEX is India's premier energy marketplace. In
February of this year, IEX registered a year-on-year growth in volume
of 50%. As more Indian citizens need access to electricity and the
market is becoming increasingly complex, the trade platform was
looking for a modern solution to determine wholesale electricity
Building on its existing solution, which is based on Mixed-Integer
Linear Programming (MILP), N-SIDE has provided a solution that meets
the expectations and needs of IEX. The algorithm went live on the IEX
platform in April and is now running every day to support 70%
electricity trade on such markets.
READ THE FULL ARTICLE HERE .
Photo - https://mma.prnewswire.com/media/1557286/N_SIDE.jpg
Logo - https://mma.prnewswire.com/media/1557285/N_SIDE_Logo.jpg
Digital press kit: http://www.ots.at/pressemappe/PR157504/aom
Aktien auf dem Radar:Borussia Dortmund, GameStop, Polytec Group, EVN.
Die KTM Industries-Gruppe ist eine europäische Fahrzeug-Gruppe mit dem strategischen Fokus auf das globale Sportmotorradsegment und den automotiven high-tech Komponentenbereich. Mit ihren weltweit bekannten Marken KTM, Husqvarna Motorcycles, WP und Pankl zählt sie in ihren Segmenten jeweils zu den Technologie- und Marktführern.
>> Besuchen Sie 65 weitere Partner auf boerse-social.com/partner
Mehr aktuelle OTS-Meldungen HIER