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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.

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

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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