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FleXunity SIGNED

Scaling-up Power Flexible Communities business models empowered by Blockchain and AI

Total Cost €

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EC-Contrib. €

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Partnership

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Project "FleXunity" data sheet

The following table provides information about the project.

Coordinator
VIRTUAL POWER SOLUTIONS SA 

Organization address
address: RUA PEDRO NUNES EDIFICIO D
city: COIMBRA
postcode: 3030 199
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 Portugal [PT]
 Total cost 3˙782˙229 €
 EC max contribution 2˙991˙060 € (79%)
 Programme 1. H2020-EU.3. (PRIORITY 'Societal challenges)
2. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies)
 Code Call H2020-EIC-FTI-2018-2020
 Funding Scheme IA
 Starting year 2019
 Duration (year-month-day) from 2019-12-01   to  2021-11-30

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    VIRTUAL POWER SOLUTIONS SA PT (COIMBRA) coordinator 927˙704.00
2    ELECTRIC CORBY COMMUNITY INTEREST COMPANY UK (CORBY NORTHAMPTONSHIRE) participant 698˙087.00
3    SIMPLES ENERGIA DE ESPANA SL ES (O PORRINO PONTEVEDRA) participant 602˙656.00
4    LAPPEENRANNAN-LAHDEN TEKNILLINEN YLIOPISTO LUT FI (LAPPEENRANTA) participant 446˙912.00
5    CENTRO DE INVESTIGACAO EM ENERGIA REN - STATE GRID SA PT (SACAVEM) participant 315˙700.00

Map

 Project objective

The objective of FleXunity project is to deploy novel services for retailers and aggregators, enhanced by Virtual Power Plant (VPP) technology empowered with AI algorithms that can be focused on minimizing the cost of energy (bought in the wholesale market) and optimizing the use of distributed renewables from the utility or community portfolio. The proposed energy community approach will promote active participation of end-users (community members) valuating their flexibility and energy sharing actions, which will be supported by secure transaction mechanisms with technologies such as blockchain to validate energy transactions. These services will include a tariff structure optimisation design for the Energy Community to be able to meet the needs of the Transmission System Operator (TSO) by aggregating the flexibility to participate in balancing and ancillary services markets as a Balance Service Provider (BSPs) or provide Demand Response (DR) services to the Distribution System Operators (DSO). The key project outcomes will be achieved by testing and demonstrating the proposed services in two distinct pilots with very different market conditions: UK energy market (open mature market); Iberia energy market (in transformation – opening to use flexibility from demand-side). Given the nonexistence of a common legal framework across Europe, this will help us to validate different stakeholder benefits in close and open energy markets, which will enhance the full commercial roll-out after this 2-year project. These envisaged innovative services will allow utilities to maximize their profit and enable new business models from managing multiple energy flexibility assets, introducing flexibility as a new tradable asset in their business portfolios, and allow energy costs savings sharing with end-users, enhancing the use of renewables and support energy security and climate change challenges.

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

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