The goal of the "Validation of the SHARM model" project is to facilitate implementation of the SHARM (Short-term Hydropower Application with Risk Modelling) model in the power industry.
By giving the industry possibilities to explore the added value of SHARM for operational use in particular, the industry is positioned to face a future energy marked with increased share of new renewable energy sources like wind and solar.
improve the daily planning of hydropower. The model is based on a stochastic formulation of the successive linear programming method used in SHOP.
SHARM takes into account uncertainty in inflow to the reservoirs and in the spot price. The model is capable of providing decision support and robust planning where several strategies must be weight against each other. That is important for utilization of hydropower flexibility to balance renewable energy sources.
Michael Martin Belsnes