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Realising Value from Electricity Markets with Local Smart Electric Thermal Storage Technology

Total Cost €


EC-Contrib. €






 RealValue project word cloud

Explore the words cloud of the RealValue project. It provides you a very rough idea of what is the project "RealValue" about.

demonstration    benefits    landscape    integration    heaters    esbn    truly    direct    generation    economic    vtt    designed    combined    validate    inform    simulation    utilities    participation    ireland    resistance    regulation    cohesive    load    diw    network    university    intel    models    physical    energy    techno    local    small    price    representative    arbitrage    sse    policy    ict    micro    decision    technologies    innovation    93gw    latvia    regions    thorough    demonstrations    quantify    glen    developers    accelerate    highlight    eirgrid    market    trials    electricity    germany    vectors    virtual    business    heating    experts    tanks    replace    oxford    mvv    connected    homes    services    smart    behavioural    rtu    makers    operators    chain    storage    water    commitment    socio    dimplex    replacement    millions    full    grid    ucd    district    commercial    supply    55gw    structures    electric    1250    barriers    aggregated    release    form    integral    partnership    realvalue    thermal    specialists   

Project "RealValue" data sheet

The following table provides information about the project.


Organization address
address: BARN ROAD
postcode: n.a.
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country Ireland [IE]
 Project website
 Total cost 15˙413˙331 €
 EC max contribution 11˙987˙429 € (78%)
 Programme 1. H2020-EU.3.3. (SOCIETAL CHALLENGES - Secure, clean and efficient energy)
 Code Call H2020-LCE-2014-3
 Funding Scheme IA
 Starting year 2015
 Duration (year-month-day) from 2015-06-01   to  2018-05-31


Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
2    SSE AIRTRICITY LTD IE (DUBLIN) participant 2˙107˙081.00
3    MVV ENERGIE AG DE (MANNHEIM) participant 1˙440˙468.00
4    ESB NETWORKS LTD IE (DUBLIN) participant 1˙201˙116.00
8    Teknologian tutkimuskeskus VTT Oy FI (Espoo) participant 687˙187.00
9    GLEN DIMPLEX DEUTSCHLAND GMBH DE (Kulmbach) participant 635˙192.00
10    RIGAS TEHNISKA UNIVERSITATE LV (RIGA) participant 632˙317.00
12    EIRGRID PLC IE (DUBLIN) participant 113˙706.00


 Project objective

RealValue aims to demonstrate how local small-scale energy storage, optimised with advanced ICT, could bring benefits to market participants throughout the EU. Smart Electric Thermal Storage (SETS) will be deployed in physical demonstration trials in 1250 homes in Germany, Latvia and Ireland but the analysis will also consider other storage technologies and energy vectors, including integration with district heating and micro-generation. SETS is a direct replacement for existing electric thermal storage heaters and water tanks with a combined load of 55GW across the EU. It can also replace direct electric resistance heaters with further connected load of 93GW. To validate the physical demonstrations at large scale RealValue will use modelling & virtual simulation to demonstrate the technical and commercial potential in millions of homes across representative EU regions. Thorough research studies are an integral part of RealValue and will include techno-economic and behavioural analysis that will be used to inform EU regulation and policy decision makers. RealValue will develop business models which quantify the potential of small-scale storage as an aggregated controllable load. It will provide system services or release value through price arbitrage within existing energy market structures, and highlight any barriers associated with integration into the electricity grid. The RealValue consortium is a truly cohesive partnership which has full participation and commitment from the whole energy supply chain. The consortium includes: technology developers (Glen Dimplex, Intel); energy system modelling specialists (UCD, DIW, RTU); energy market specialists (VTT); socio-economic experts (Oxford University); electricity network operators (ESBN, EirGrid) and energy utilities (MVV, SSE). RealValue is designed to accelerate innovation and develop business models necessary for small-scale storage, allowing it to form an integral part of the future EU energy landscape.


List of deliverables.
Customer User Interface (Germany) Demonstrators, pilots, prototypes 2019-05-31 12:47:14
Refactored User Interface (Germany) Demonstrators, pilots, prototypes 2019-05-31 12:47:14
Behavioural Monitoring Hardware (Ireland) Demonstrators, pilots, prototypes 2019-05-31 12:47:17
Consumer Impact Study Documents, reports 2019-05-30 17:05:29
Custom User Interface (Ireland and Latvia) Demonstrators, pilots, prototypes 2019-05-30 17:05:26
Refactored User Interface (Ireland and Latvia) Demonstrators, pilots, prototypes 2019-05-30 17:05:26
Project Website Websites, patent fillings, videos etc. 2019-05-30 17:05:34
Reliability Assessment Tools Demonstrators, pilots, prototypes 2019-05-30 17:05:24
Policy & Regulations Report Documents, reports 2019-05-30 17:05:15
European Approach Report Documents, reports 2019-05-30 17:05:18
Customer Recruitment Activities (Ireland) Other 2019-05-30 17:05:13
Market Review Report Documents, reports 2019-05-30 17:05:08
Market Design & Business Models Report Documents, reports 2019-05-30 17:05:26
Market Matrix & Analysis Documents, reports 2019-05-30 17:05:21
Customer Recruitment Activities (Germany) Other 2019-05-30 17:05:19
Market Evaluation Report Documents, reports 2019-05-30 17:05:09
Energy System Scenarios Documents, reports 2019-05-30 17:05:09
Final Event/Workshops Websites, patent fillings, videos etc. 2019-05-30 17:05:29
Technology Cost Benefit Analysis Documents, reports 2019-05-30 17:05:26
Dissemination Plan Documents, reports 2019-05-30 17:05:22
Customer Recruitment Activities (Latvia) Other 2019-05-30 17:05:23

Take a look to the deliverables list in detail:  detailed list of RealValue deliverables.


year authors and title journal last update
List of publications.
2017 Carlos Andrade-Cabrera, Daniel Burke, William J.N. Turner, Donal P. Finn
Ensemble Calibration of lumped parameter retrofit building models using Particle Swarm Optimization
published pages: 513-532, ISSN: 0378-7788, DOI: 10.1016/j.enbuild.2017.09.035
Energy and Buildings 155 2019-05-30
2018 Sarah J. Darby
Smart electric storage heating and potential for residential demand response
published pages: 67-77, ISSN: 1570-646X, DOI: 10.1007/s12053-017-9550-3
Energy Efficiency 11/1 2019-05-30
2017 Giuseppina Buttitta, William Turner, Donal Finn
Modelling Household Occupancy Profiles using Data Mining Clustering Techniques on Time Use Data
published pages: , ISSN: , DOI:
Building Simulation 2017, San Francisco, CA, August 7-9, 2017 2019-05-30
2018 C. Andrade-Cabrera, M. De Rosa, D.S. Kapetanakis, A. Kathirgamanathan, D. P. Finn.
A Study on the Trade-off between Energy Forecasting Accuracy and Computational Complexity in Lumped Parameter Building Energy Models
published pages: , ISSN: , DOI:
10th Canada conference of International Building Performance Simulation Association (eSim 2018). Montreal, Canada, May 2018. 2019-05-30
2017 Anwar, Muhammad Bashar; Andrade-Cabrera, Carlos; Neu, Olivier; O\'Malley, Mark; Burke, Daniel J.
An integrated Building-to-Grid model for evaluation of energy arbitrage value of Thermal Storage
published pages: , ISSN: , DOI:
The International Conference for Students on Applied Engineering (ICSAE), Newcastle, UK 20-21 October 2016 2019-05-30
2017 Muhammad Bashar Anwar, Mark O’Malley, Daniel Burke
Evaluation of Flexibility Impacts of Thermal Electric Storage Using an Integrated Building-to-Grid Model
published pages: , ISSN: , DOI:
2017 IEEE International Conference on Smart Energy Grid Engineering (SEGE) 2019-05-30
2017 Li Shen
Analysis of energy savings potentials of electric storage heating systems in existing buildings
published pages: , ISSN: , DOI:
\"\"\"Analysis of energy savings potentials of electric storage heating systems in existing buildings, Mannheim, Baden-Württemberg, 2017\" 2019-05-30
2017 Mostafa Bakhtvar, Carlos Andrade Cabrera, Giuseppina Buttitta, Olivier Neu and Andrew Keane
A Study of Operation Strategy of Small Scale Heat Storage Devices in Residential Distribution Feeders
published pages: , ISSN: , DOI:
IEEE International Conference on Innovative Smart Grid Technologies IEEE ISGT Europe 2017 2019-05-30
2017 Andrade-Cabrera, Carlos; Turner, William J. N.; Burke, Daniel J.; Neu, Olivier; Finn, Donal
Lumped Parameter Building Model Calibration using Particle Swarm Optimization
published pages: , ISSN: , DOI:
3rd Asia conference of International Building Performance Simulation Association (ASim2016), Jeju island, Korea 27-29 November 2016 2019-05-30
2018 Karlis Baltputnis, Zane Broka, Antans Sauhats, Liga Sadovica, Gatis Junghans
Stochastic Model for Profitability Evaluation of Demand Response by Electric Thermal Storage
published pages: , ISSN: , DOI:
2018 59th International Scientific Conference on Power and Electrical Engineering of Riga Technical University (RTUCON) 2019-05-30
2017 Buttitta, Giuseppina; Turner, William J. N.; Finn, Donal
Clustering of household occupancy profiles for archetype building models
published pages: , ISSN: , DOI:
8th International Conference on Sustainability in Energy and Buildings (SEB-16), Turin, Italy 11-13 September 201 2019-05-30
2018 Andreas Bloess, Wolf-Peter Schill, Alexander Zerrahn
Power-to-heat for renewable energy integration: A review of technologies, modeling approaches, and flexibility potentials
published pages: 1611-1626, ISSN: 0306-2619, DOI: 10.1016/j.apenergy.2017.12.073
Applied Energy 212 2019-05-30
2017 Eoghan McKenna, Sarah Higginson, Philipp Grunewald, Sarah J. Darby
Simulating residential demand response: Improving socio-technical assumptions in activity-based models of energy demand
published pages: , ISSN: 1570-646X, DOI: 10.1007/s12053-017-9525-4
Energy Efficiency 2019-05-30
2017 Muhammad Bashar Anwar , Mark O’Malley, Daniel Burke
Optimal Charging Schedules for Thermal Electric Storage in the Absence of Communication
published pages: , ISSN: , DOI:
IEEE International Conference on Innovative Smart Grid Technologies IEEE ISGT Europe 2017 2019-05-30
2018 Sarah Darby, Sarah Higginson, Marina Topouzi, Julie Goodhew, Stefanie Reiss
Getting the balance right: can smart thermal storage work for both customers and grids?
published pages: , ISSN: , DOI:
RealValue deliverable 5.3: consumer impact study 2019-05-30
2017 Giuseppina Buttitta, William Turner, Olivier Neu, Donal Finn
Modelling residential building stock heating load demand - Comparison of occupancy models at large scale
published pages: , ISSN: , DOI:
ASHRAE Annual Conference, Long Beach, CA, 2017 2019-05-30
2018 Jörn Richstein, Casimir Lorenz, Karsten Neuhoff
Bidding formats for short-term electricity markets - A single actor investigation
published pages: , ISSN: , DOI:
DIW Discussion Paper 2019-05-30

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