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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.

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

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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