Electric Arc Furnaces Power Forecasting & Intelligent Decision Support
ELIN is developing the next generation of digital decision-support solutions for the steel industry to address the growing demands of the electricity market for planning, forecasting, and flexibility. The project enables more cost-efficient steel production, strengthens industrial competitiveness, and supports the transition to fossil-free steel.
Purpose and Objectives
The project ELIN aims to develop advanced data-driven decision-support systems focused on electric arc furnaces (EAFs) and their interaction with the electricity market. The objective is to improve electricity consumption forecasting, provide better support for electricity market bidding, and offer real-time assistance to operators and decision-makers. This will enable more effective production planning and reduced electricity costs.
Challenge
Electric arc furnaces are highly electricity-intensive and characterized by fluctuating power demand that is difficult to forecast with the level of accuracy, time resolution, and planning horizon required by today's electricity markets. When actual electricity consumption deviates from planned electricity procurement, significant imbalance costs can arise, affecting both profitability and production planning.
At the same time, there is a lack of tools capable of translating forecasts and operational data into concrete actions, making it difficult for industrial companies to respond flexibly and remain competitive in a rapidly changing energy landscape.
Solution
ELIN is developing a combination of a digital twin, AI-based forecasting models, and operational decision-support tools. The solution consists of both a forecasting tool that improves electricity demand predictions ahead of electricity market bidding and a real-time operator support system that optimizes energy usage during operations.
Through continuous data analysis and simulation of different operational scenarios, operators can adjust production processes and more closely adhere to planned electricity consumption. The solution also creates opportunities for integration with other flexible energy resources, such as battery storage systems and hydrogen production.
Impact
The project is expected to reduce imbalance costs, improve energy efficiency, and strengthen the competitiveness of the steel industry. It will contribute to greater flexibility in the power system and enable closer alignment between industrial operations and energy markets.
At a societal level, the project supports the transition to fossil-free steel production and contributes to reducing carbon emissions, in line with global sustainability goals for climate action and sustainable industry.i.