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PARITY SIGNED

Pro-sumer AwaRe, Transactive Markets for Valorization of Distributed flexibilITY enabled by Smart Energy Contracts

Total Cost €

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EC-Contrib. €

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Partnership

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 PARITY project word cloud

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

network    deploying    validate    dso    seamless    time    organization    efficiency    market    granularity    profiling    reflective    sites    res    optimization    framework    climatic    form    nodes    smart    blockchain    active    essentially    innovative    exchange    techno    structural    transactive    signals    pq    cultural    integration    device    price    self    spatio    p2p    statcom    demonstrated    iot    50    flexibility    dynamic    delivering    distributed    ch    grid    hosting    inertia    technologies    contracts    transparent    effectiveness    mix    forecasting    manner    penetration    generation    es    transactions    solution    enhanced    electrical    secondly    local    constraints    aggregated    pilot    der    balance    regulatory    parity    capacity    efficient    networks    orchestrated    practices    platform    reward    se    observability    temporal    learning    monitoring    clusters    automated    durability    tools    ders    global    grids    intelligence    comprise    distribute    symmetric   

Project "PARITY" data sheet

The following table provides information about the project.

Coordinator
ETHNIKO KENTRO EREVNAS KAI TECHNOLOGIKIS ANAPTYXIS 

Organization address
address: CHARILAOU THERMI ROAD 6 KM
city: THERMI THESSALONIKI
postcode: 57001
website: www.certh.gr

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 Greece [EL]
 Total cost 9˙388˙829 €
 EC max contribution 7˙151˙837 € (76%)
 Programme 1. H2020-EU.3.3.4. (A single, smart European electricity grid)
 Code Call H2020-LC-SC3-2019-ES-SCC
 Funding Scheme IA
 Starting year 2019
 Duration (year-month-day) from 2019-10-01   to  2023-03-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    ETHNIKO KENTRO EREVNAS KAI TECHNOLOGIKIS ANAPTYXIS EL (THERMI THESSALONIKI) coordinator 817˙500.00
2    BUILDING FACILITY SERVICES PAROCHIYPIRESION ANONYMI ETAIREIA EL (MAROUSI) participant 576˙712.00
3    FUNDACION CIRCE CENTRO DE INVESTIGACION DE RECURSOS Y CONSUMOS ENERGETICOS ES (ZARAGOZA) participant 541˙250.00
4    CHECKWATT AB SE (GOTEBORG) participant 534˙800.00
5    HYPERTECH (CHAIPERTEK) ANONYMOS VIOMICHANIKI EMPORIKI ETAIREIA PLIROFORIKIS KAI NEON TECHNOLOGION EL (CHALANDRI ATHINA) participant 520˙843.00
6    AZIENDA ELETTRICA DI MASSAGNO (AEM) SA CH (MASSAGNO) participant 512˙750.00
7    E.ON ENERGILOSNIGAR AKTIEBOLAG SE (MALMO) participant 502˙250.00
8    HIVE POWER SAGL CH (PIANEZZO) participant 469˙000.00
9    E7 ENERGIE MARKT ANALYSE GMBH AT (WIEN) participant 464˙625.00
10    SCUOLA UNIVERSITARIA PROFESSIONALE DELLA SVIZZERA ITALIANA CH (MANNO) participant 341˙250.00
11    MONTAJES ELECTRICOS CUERVA S.L. ES (CHURRIANA DE LA VEGA) participant 334˙459.00
12    MERIT CONSULTING HOUSE BE (UCCLE) participant 300˙125.00
13    DIACHEIRISTIS ELLINIKOU DIKTYOU DIANOMIS ELEKTRIKIS ENERGEIAS AE EL (ATHINA) participant 285˙250.00
14    QUE TECHNOLOGIES KEFALAIOUCHIKI ETAIREIA EL (GALATSI) participant 282˙625.00
15    SISTEMAS URBANOS DE ENERGIAS RENOVABLES SL ES (ZARAGOZA) participant 241˙171.00
16    UNIVERSIDAD DE LA IGLESIA DE DEUSTO ENTIDAD RELIGIOSA ES (BILBAO) participant 232˙187.00
17    EDEX - EDUCATIONAL EXCELLENCE CORPORATION LIMITED CY (NICOSIA) participant 195˙037.00

Map

 Project objective

PARITY addresses the “structural inertia” of existing distribution grids by delivering a transactive grid & market framework that will increase the durability and efficiency of the electrical grid and facilitate the penetration of RES beyond 50% of the generation mix in the distribution network.

PARITY will go beyond the traditional “top-down” grid management practices by delivering a unique local flexibility market platform through the seamless integration of IoT and blockchain technologies. By delivering a market for automated flexibility exchange based on smart contracts & blockchain, PARITY will facilitate efficient and transparent local flexibility transactions and reward flexibility in a cost-reflective and symmetric manner, through price signals of higher spatio-temporal granularity based on real-time grid operational constraints and available DER flexibility.

Secondly, by deploying State-of-the-Art IoT technologies PARITY will offer distributed intelligence (DER profiling) and self-learning/self-organization capabilities (automated real-time distributed control), orchestrated by the cost-reflective flexibility market signals generated by the blockchain market platform. Within PARITY, DERs will form dynamic clusters that essentially comprise self-organized networks of active DER nodes that will efficiently distribute and balance global and local intelligence, enabling real-time aggregated & P2P transactions through enhanced forecasting, optimization and control of DER flexibility.

Finally, the PARITY solution includes novel tools for Active Network Management, including an innovative STATCOM and PQ monitoring device, that will enable the DSO to enhance its management capabilities, grid observability and RES hosting capacity.

The PARITY solution will be demonstrated in 4 pilot sites around the EU (ES, CH, SE & ES) to validate its effectiveness across climatic, cultural and techno-regulatory conditions.

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The information about "PARITY" are provided by the European Opendata Portal: CORDIS opendata.

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