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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.

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

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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