IE Sustainability
Datathon 2024
October 15th - December 11th, 2024
Why should you participate?
Get introduced and/or continue learning about data
Gain experience and boost your CV
Network with professionals and participants
Learn from our top speakers and mentors
Join our community to build your best professional self
Win prizes
IE Sustainability Datathon is a challenge in which participants must solve a sustainability problem with the use of predictive modelling. The competition provides the practical application of Business Analytics, Data Science or Tech to solve a sustainability challenge within a real company.
IE School of Science & Technology Participants:
Master in Business Analytics & Big Data April 2024
Bachelor in Data & Business Analytics
Bachelor in Business Administration Data & Business Analytics
Bachelor in Politics, Law, Economics, Data & Business Analytics
Bachelor in Computer Science & Artificial Intelligence
Bachelor in Business Administration & Computer Science & Artificial Intelligence
Bachelor in Applied Matehmatics
Bachelor in Environmental Sciences for Sustainability
SPONSOR
EDP is a global company and one of the largest players in the European energy sector, ranking as the 4th largest producer of wind energy. EDP takes pride in being a leading utility integrated into the Dow Jones Sustainability Indexes (World). Its mission is to build a new energy future by promoting renewable sources.
To achieve this, EDP has committed to:
-
Being 100% green by 2030;
-
Targeting 20 GW of renewable installed capacity by 2025;
-
Innovating to shape the future of the energy sector;
-
Empowering communities to live more sustainably.
EDP's energy strives to create a better future, fueled by people from 3 continents, 29 markets, and 44 different nationalities. EDP will harness the power of wind, sun, and water to lead the global energy transition. Together, EDP will become fully green, choosing the Earth as its guiding principle.
THE CHALLENGE
.
The global shift to renewable energy is essential for reducing carbon emissions, and for the ecological transition as a whole. However, it brings challenges because renewable sources like wind and solar are intermittent, i.e. you only generate energy when the sun is shining or the wind is blowing. For this reason, energy production from these sources doesn't always align with demand, leading to issues like shortages, grid instability, price swings, and even negative prices when there’s too much energy supply. Ensuring energy security and grid stability is key to a successful energy transition.
Battery Energy Storage Systems (BESS) offer a solution by storing excess renewable energy produced during times of surplus, like sunny or windy periods, and then releasing it when demand is higher, or renewable generation drops. This ability of batteries to shift energy through time makes renewable energy more reliable, prevents curtailment of renewable energy generation, avoids power shortages and reduces the need for fossil fuel backup plants.
The challenge that we propose is to produce the most precise market forecasts for the United Kingdom, so that our battery can optimize its trading strategy, maximizing the profitability while allocating renewable energy in the most efficient manner and supporting a smooth transition to a clean energy system.
ARE YOU READY TO LEAD THE ENERGY TRANSITION?
DATATHON TIMELINE
All training events will be held fully online!
September 25th, 2024
October 13th 2024
October 15th 2024
Beginning of December, 2024
December 11th, 2024
REGISTRATION OPENS
REGISTRATION CLOSES
WELCOME EVENT
DEADLINE TO SUBMIT THE PREDICTIVE MODEL
CLOSING EVENT, ANNOUNCEMENT OF FINALISTS, PRESENTATIONS AND AWARDS
To participate, you must submit a team of 5 - 6 members.
Attendance to the opening and closing ceremony is mandatory if you would like to participate in the competition.
Participants will have access to exclusive resources, mentoring sessions and webinars to help you build the best possible solution to the problem proposed.
All teams must submit their solution before the deadline, on the beginning of December , 2024 (date to be confirmed)
Finalists will have the chance to present their project to our sponsors at the Closing Event.
After the event, key findings will be published in a visioning report and shared with experts and policymakers.
PRIZES & AWARDS
€3000
€2000
PREVIOUS EDITIONS
You can read about previous editions of the IE Sustainability Datathon below:
Sci-Tech Students Find Innovative Solutions for IE Sustainability Datathon Partner Ryanair
Students Develop Solutions for IE Sustainability Datathon Partners NTT DATA and o9 Solutions
Sci-Tech Students Develop Solutions for IE Sustainability Datathon Partner Acciona
€1000