Danske Commodities has been selected to provide electricity optimization services for the Kasso power-to-x (PtX) plant, a significant renewable energy initiative in southern Denmark.
SPK, a joint venture between European Energy and Mitsui, chose Danske Commodities as their strategic partner to optimize electricity consumption at the Kasso facility, set to produce 32,000 tonnes of e-methanol annually upon its operational launch by the end of 2024.
Knud Erik Andersen, CEO of European Energy, emphasized the importance of this collaboration, stating, “Partnering with Danske Commodities allows us to leverage their expertise in energy trading to ensure that the Kasso facility operates at maximum efficiency when it comes online later this year.”
The Kasso PtX plant, situated adjacent to the 304MW Kasso solar farm, will benefit from Danske Commodities' role as the balance responsible party (BRP) for both the solar farm and the PtX facility. This entails managing electricity production from the solar farm and optimizing power consumption for e-methanol production at the PtX plant.
Helle Ostergaard Kristiansen, CEO of Danske Commodities, highlighted their commitment to optimizing renewable and flexible energy assets, saying, “Utilizing 20 years of power trading experience and a fully automated algorithmic setup, Danske Commodities has become a leading optimiser of renewables and flexible energy assets.”
The optimization strategy includes balancing surplus power generated by the solar farm by making it available to other consumers or selling it in the market. Conversely, when the PtX facility requires additional power beyond what the solar farm can provide, Danske Commodities will procure it from the spot market during cost-efficient hours.
“This allows us to take a significant step forward in our mission to deliver sustainable energy solutions on a large scale,” Andersen added, emphasizing the project's contribution to advancing sustainable energy initiatives.
