Uprise and Gurobi Partner to Optimize Battery Energy Storage System Deployment in Croatia
With a comprehensive route-to-market study, an energy producer's BESS project will maximize profitability and efficiency.
Article content
BEAVERTON, Ore. — Uprise, a trusted expert in transforming Europe's energy landscape, has partnered with Gurobi Optimization, LLC, the leader in decision intelligence technology, to help a Norwegian state-owned energy producer develop an optimized strategy for battery energy storage system (BESS) deployment in Croatia.
Article content
Article content
Statkraft
Article content
, the largest producer of renewable energy in Europe, needed a financial model demonstrating the project's viability. They turned to Uprise, a local energy consultancy and software development firm, for help developing a comprehensive route-to-market study.
Article content
As a Gurobi partner, Uprise was able to leverage the fastest solver on the market—a quality that was critical to the success of Statkraft's project.
Article content
'In the energy sector, speed is extremely important, and problems exhibit a high degree of complexity. For example, energy portfolio and electrical power grid optimizations are typically performed daily, often multiple times per day, and usually with strict time constraints,' explained Zlatko Ofak, Business Development and Innovation Lead at Uprise.
Article content
Using expenditure and market data, along with market and technical constraints, Uprise modeled the Croatian market and used Gurobi to generate an optimal trading strategy, financial projections, and key performance indicators, such as internal rate of return (IRR).
Article content
By simulating hundreds of potential market behaviors and operational trade-offs, the optimization model uncovered the best path forward—including a 12-25% increase in forecasted revenue due to the hourly multimarket optimization approach, plus detailed insight into optimal day-to-day market strategy approaches.
'With this study, we were able to analyze different market approaches and understand which scenario was best for us in order to move forward,' said Krešimir Benčić, Senior Project Developer at Statkraft. 'We now have the information we need to present to the board, and we got some valuable feedback that we will also be able to use if we move forward with other battery projects in the future.'
Article content
'We are proud to partner with Uprise to help companies like Statkraft navigate an increasingly complex energy landscape and develop solutions that are powering a more sustainable future,' said Duke Perrucci, CEO of Gurobi Optimization.
Article content
To learn more about how Gurobi and Uprise helped optimize Statkraft's BESS strategy, read the full case study.
Article content
About Gurobi Optimization
Article content
With Gurobi's decision intelligence technology, customers can make optimal business decisions in seconds. From workforce scheduling and portfolio optimization to supply chain design and everything in between, Gurobi identifies the optimal solution, out of trillions of possibilities.
Article content
As the leader in decision intelligence, Gurobi delivers easy-to-integrate, full-featured software and best-in-class support, with an industry-leading 98% customer satisfaction rating.
Article content
Article content
Article content
Article content
Article content
Contacts
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
a day ago
- Globe and Mail
Berenberg Bank Remains a Hold on Roche Holding AG (RHHVF)
In a report released yesterday, Kerry Holford from Berenberg Bank maintained a Hold rating on Roche Holding AG, with a price target of CHF290.00. The company's shares closed yesterday at $320.35. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Holford covers the Healthcare sector, focusing on stocks such as Novartis AG, GlaxoSmithKline, and GlaxoSmithKline. According to TipRanks, Holford has an average return of 11.9% and a 62.65% success rate on recommended stocks. In addition to Berenberg Bank, Roche Holding AG also received a Hold from Barclays's Emily Field in a report issued on July 16. However, on July 14, J.P. Morgan maintained a Sell rating on Roche Holding AG (Other OTC: RHHVF). The company has a one-year high of $354.19 and a one-year low of $269.80. Currently, Roche Holding AG has an average volume of 11.8K.
Globe and Mail
a day ago
- Globe and Mail
UBS Group AG Announces Prior Acquisition of Common Shares of KuuHubb Inc. as a Result of Account Maintenance Procedures
ZURICH, Switzerland, July 18, 2025 /CNW/ - UBS Switzerland AG acquired 7,855,000 common shares (the " Shares") of KuuHuub Inc. (" KuuHuub") on December 18, 2024 as a result of the relinquishment of the Shares from a single financial intermediary client. The Shares were acquired for no consideration as a result of a normal course write-off procedure whereby the account holder voluntarily renounced any and all claims to the Shares. As a result of this acquisition, UBS Switzerland AG is considered as exercising control or direction over an aggregate of 13,420,000 Shares, representing approximately 20.82% of KuuHuub's 64,458,043 issued and outstanding Shares based on the number of outstanding Shares reported by KuuHuub in its Management's Discussion and Analysis dated May 30, 2023.
Globe and Mail
2 days ago
- Globe and Mail
Austria Data Center Market Revenue to Reach USD 1.10 billion by 2030: Driven by AI, 5G, and Sustainability Trends
"Austria Data Center Market?Research Report by Arizton" Get Insights on 21 Existing Data Centers Facilities across Austria According to Arizton's latest research report, the Austria data center market is poised to witness significant growth, with investments projected to reach USD 1.10 billion by 2030, growing at a CAGR of 15.18% from 2024 to 2030. Looking for More Information? Click: Report Summary Market Size (Investment): USD 1.10 Billion (2030) Market Size (Area): 163 Thousand Sq. Feet (2030) Market Size (Power Capacity): 37 MW (2030) CAGR - Investment (2024-2030): 15.18% Colocation Market Size (Revenue): USD 257 Million (2030) Historic Year: 2021-2023 Base Year: 2024 Forecast Year: 2025-2030 AI Momentum Spurs High-Density Data Center Investments Across Austria Austria's growing adoption of Artificial Intelligence (AI) across public and private sectors is driving significant demand for high-performance data center infrastructure. To meet the processing requirements of AI workloads, often reliant on advanced GPUs and TPUs, data center operators are investing in AI-ready facilities across key Austrian cities. These next-generation centers are designed with rack densities exceeding 20 kW and feature advanced liquid cooling systems to support intensive computing environments. Government and institutional backing are reinforcing this momentum. Initiatives such as AI Austria, an independent platform fostering collaboration between academia industry, and government, are advancing the national AI agenda. In a notable example, DeepOpinion, a local AI startup, demonstrated the transformative potential of AI by automating complex insurance claim processing, an operation previously requiring hours, into a task completed in under 90 seconds. This reflects Austria's readiness to support enterprise-scale AI deployments, underpinned by robust digital infrastructure. Key Enablers for Data Center Investment The Austrian government has introduced a national AI strategy to promote ethical use of AI, support innovation, and enhance public benefit. Over 88% of Austria's electricity in 2024 came from renewable sources, supporting low-emission and energy-efficient data center operations. The Ö-Cloud Initiative, backed by the government, helps businesses and individuals use secure, GDPR-compliant cloud services. The Digi Scheck program offers financial support to individuals to improve their digital skills through certified courses. Austria's Cybersecurity Strategy focuses on building secure digital systems and raising public awareness about online safety. Austria's 5G Rollout Accelerates Edge Data Center Development Austria's growing 5G network is creating strong demand for localized data infrastructure, driving increased investment in edge data centers. With over 90% of the population now covered by both standalone and non-standalone 5G services, telecom leaders such as A1 Telekom Austria Group, Magenta Telekom, and Drei are driving nationwide coverage across urban hubs and industrial zones. This robust 5G infrastructure is creating strong demand for low-latency, high-speed data processing, fueling investments in edge data centers across the country. These facilities are essential to handle localized workloads, reduce data travel time, and support real-time applications. In a notable example, a collaboration between Nokia, A1, and Microsoft in February 2024 tested 5G Edge cloud network slicing in Vienna, enabling real-time HD video streaming via mobile devices. Designed to benefit industries such as healthcare, retail, transport, and media, this advancement highlights Austria's readiness to support the next generation of digital services. Austria Strengthens Sustainability Focus Across Data Center Landscape As Austria advances toward its national goal of becoming carbon-neutral by 2040, sustainability has become a central pillar in the country's data center development strategy. Operators are increasingly aligning with green standards, integrating renewable energy, enhancing operational efficiency, and adopting circular practices such as waste heat recovery. Backed by a renewable energy mix that already powers over 85% of Austria's electricity, led by hydro, solar, wind, and bioenergy, data centers are well-positioned to operate with low environmental impact. Recent frameworks like the Bundes-Energieeffizienzgesetz (EEffG) and the Austrian Ecolabel (UZ80) are reinforcing the shift by promoting responsible energy use and long-term environmental accountability. Leading operators are already implementing forward-looking solutions. For instance, Digital Realty's Vienna facility supports nearby hospital heating needs through waste heat utilization, cutting nearly 4,000 tons of CO₂ annually, while also running entirely on renewable power. Why Invest in This Austria Data Center Market Report? This in-depth research offers a 360° view of Austria's evolving data center landscape, providing actionable insights into market sizing across investment, IT load capacity (MW), and colocation revenue. The report maps over 19 existing and 2 upcoming third-party data center facilities across 8+ key cities, with granular breakdowns of area coverage, IT load comparisons, and pricing trends across retail and wholesale colocation segments (2021–2030). It also provides a strategic assessment of investments segmented by colocation, hyperscale, and enterprise operators, and by core infrastructure areas, IT, power, cooling, and construction services. Supported by robust forecasting, transparent methodology, and competitive vendor profiling, this report equips stakeholders with the clarity needed to evaluate opportunities, benchmark competition, and navigate Austria's growing digital infrastructure ecosystem. The Report Includes the Investment in the Following Areas: IT Infrastructure Servers Storage Systems Network Infrastructure Electrical Infrastructure UPS Systems Generators Transfer Switches & Switchgears PDUs Other Electrical Infrastructure Mechanical Infrastructure Cooling Systems Rack Cabinets Other Mechanical Infrastructure Cooling Systems CRAC & CRAH Units Chiller Units Cooling Towers, Condensers & Dry Coolers Other Cooling Units General Construction Core & Shell Development Installation & Commissioning Services Engineering & Building Design Fire Detection & Suppression Systems Physical Security Data Center Infrastructure Management (DCIM) Tier Standard Tier I & Tier II Tier III Tier IV Vendor Landscape IT Infrastructure Providers Atos Cisco Systems Dell Technologies Fujitsu Hewlett Packard Enterprise Huawei Technologies IBM Juniper Networks Lenovo NetApp Supermicro Data Center Construction Contractors & Sub-Contractors Ardmac blu-3 Dipl.-Ing. H. C. Höllige GmbH Ethos Engineering Hanley Pepper Consulting Engineers ICT Facilities ISG Linesight RKD ZAUNERGROUP Support Infrastructure Providers 3M ABB Alfa Laval Baudouin Carrier Caterpillar COOLtec Systems Cummins Cyber Power Systems Danfoss DEIF Delta Electronics Eaton EPS Electric Power Systems GE Vernova Genesal Energy Güntner Hitachi Energy Honeywell INNIO Group Legrand Mitsubishi Electric Piller Power Systems Rehlko Riello Elettronica Group Rittal Schneider Electric Siemens Socomec Group STULZ Teksan Toshiba Corporation Trane Vertiv Data Center Investors A1 Telekom Austria Group AtlasEdge Digital Realty GRZ IT Center GmbH Magenta Telekom NTT DATA Raiffeisen Informatik GmbH & Co KG STACKIT New Entrants Microsoft Other Related Reports that Might be of Your Business Requirement France Data Center Market - Investment Analysis & Growth Opportunities 2025-2030 Ireland Data Center Market - Investment Analysis & Growth Opportunities 2025-2030 Key Questions Answered in the Report: How big is the Austria data center market? How many existing and upcoming data center facilities exist in Austria? How much MW of power capacity will be added across Austria during 2025-2030? What is the growth rate of the Austria data center market? What factors are driving the Austria data center market? Who are the key investors in the Austria data center market? Why Arizton? 100% Customer Satisfaction 24x7 availability – we are always there when you need us 200+ Fortune 500 Companies trust Arizton's report 80% of our reports are exclusive and first in the industry 100% more data and analysis 1500+ reports published till date Post-Purchase Benefit 1hr of free analyst discussion 10% off on customization About Us: Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services. We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts. Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
