Who is Borealis?
Borealis, headquartered in Vienna, Austria, is a global leader in providing innovative solutions in the fields of polyolefins, base chemicals, and fertilizers. With a strong presence in nearly 120 countries, Borealis is committed to sustainable and responsible business practices.
They are dedicated to advancing technology and redefining industry standards, contributing to the sustainable development of society. Borealis focuses on environmental and social responsibility, continually investing in research and development to drive innovation in the petrochemical and chemical industries.
Their diverse product portfolio, combined with a commitment to sustainability, ensures a significant positive impact on global quality of life. From improving energy efficiency to enhancing food preservation and healthcare safety, Borealis strives to make the world a better place through its innovative solutions and responsible operations.
What is the project about?
The project aims to address Borealis' challenge of optimizing electricity consumption in the face of unpredictable market fluctuations. This involves developing an innovative solution that leverages AI-based predictive modeling and real-time market data to accurately forecast, manage, and minimize the financial and operational impact of electricity imbalances. By aligning with Borealis' commitment to sustainability and operational efficiency, the project seeks to enhance the company's competitiveness in the market through the development of a reliable and environmentally friendly approach to energy optimization.
To meet these goals, the project will analyze current market data, calculate financial values for balancing and intraday trading, identify data points linked to internal imbalances and design a real-time predictive model with monitoring system. You will also conduct a detailed cost-benefit analysis and create a business model outlining revenue generation and implementation feasibility.
Why join the team?
Participating in this AFC project provides a unique opportunity for you to directly contribute to revolutionizing energy optimization. Borealis, committed to sustainability, actively addresses challenges related to electricity consumption in unpredictable markets. Don't miss the chance to be at the forefront of positive change in the field of sustainable energy practices! For this project, we are looking for students with a background in economics or energy who thrive on teamwork and who want to make a real difference.
Join us on this journey!
Are you ready to actively contribute to Borealis' sustainability goals and be part of pioneering solutions in energy optimization? Then join us on this exciting journey towards a greener and more sustainable future! Registrations are open from the 12th of Februay, so don’t hesitate to apply!