PARITY Project H2020:

Flexibility in the distribution grid.

 

Flexibility and retail market options for the distribution grid.

 

PARITY- Pro-sumer AwaRe, Transactive Markets for Valorization of Distributed flexibilITY enabled by Smart Energy Contracts. Building a low-carbon, climate-resilient future: secure, clean and efficient energy. Horizon 2020 project. Participants: 17 European organisations. Dates: 2019–2023 https://parity-h2020.eu/ The growth in distributed energy resources is taking place against the backdrop of a global ecological transition. Across the world, the electricity mix is being transformed by the growth of renewable energy sources such as wind power, solar power, biomass, hydroelectric power, geothermal power and tidal power.

The AGGREGATOR plays a key role in the flexibility market as a manager of demand flexibility and distributed resources.

 

Distributed energy resources, including flexible demand, distributed generation, energy storage, advanced power electronics and control devices, offer innovative new options for the provision of future energy services. In many cases, these new active network elements are enabled by increasingly affordable information and communication solutions, developed at the intersection of the Internet of Things (IoT) and Smart Grids (SGs).

In general, any future solution must put all resources on an equal footing, balance needs and share costs and benefits among all actors in the energy value chain in a fair and transparent manner, and facilitate this through proactive regulation based on market initiatives. Aggregators are the key players in this market; aggregation across different locations on the grid with varying prices could present significant operational and business challenges.

Cutting-edge IoT and blockchain technology with automated control, a human-centred approach and a focus on flexibility management. Businesses and residential customers will play an active role as energy prosumers, reaping financial benefits.

Involved in the implementation of COMMISSION REGULATION (EU) 2017/2195 of 23 November 2017 establishing a guideline on electricity balancing, optimising the efficiency of the electricity grid through the integration of renewable energy sources.

Project

PARITY addresses the “structural inertia” of existing distribution networks by providing a transactional network and market framework that will enhance the resilience and efficiency of the electricity grid and facilitate the integration of renewable energy sources to account for more than 50% of the generation mix in the distribution grid.

PARITY will go beyond traditional ‘top-down’ grid management practices by offering a unique local flexibility market platform through the seamless integration of IoT and blockchain technologies. By providing an automated flexibility exchange market based on smart contracts and blockchain.

PARITY will facilitate efficient and transparent local flexibility transactions and reward flexibility at actual cost. Secondly, by implementing state-of-the-art IoT technologies, PARITY will offer distributed intelligence and self-learning/self-organising capabilities. Finally, the PARITY solution includes new tools for active grid management, including an innovative monitoring device that will enable the DSO to improve its management capabilities, grid monitoring and capacity to accommodate renewable energy.

The PARITY solution will have four pilot demonstration sites across the EU (ES, CH, SE and ES) to validate its effectiveness under different climatic, cultural and technical-regulatory conditions. The PARITY solution aims to enable the establishment

Link to the project: https://parity-h2020.eu/

Key Objectives

Objective 1

A DER flexibility ecosystem that seamlessly integrates heterogeneous DERs within a unified flexibility management framework, actively participating in smart grid operations.

Objective 2

The storage-as-a-service framework efficiently combines physical storage (EVs and batteries) with virtual energy storage.

Objective 3

A local flexibility market platform enabled by smart contracts, which facilitates the transition to improved transactional flexibility systems through distributed intelligence and integrated market-based control.

Objective 4

SG monitoring, PQ management and active network management

Objective 5

Holistic assessment of new business models and validation in real-world environments to ensure broad participation by market players in the PARITY local flexibility market platform.

Objective 6

To promote the adoption of the PARITY solution as a next-generation local flexibility market platform through extensive dissemination and knowledge transfer of the project’s results.

Key Projects

We strengthen the competitiveness of energy consumers and producers through technology and digital innovation, delivering solutions that drive a positive and sustainable impact on society.

Uso de cookies

Este sitio web utiliza cookies para que usted tenga la mejor experiencia de usuario. Si continúa navegando está dando su consentimiento para la aceptación de las mencionadas cookies y la aceptación de nuestra política de cookies, pinche el enlace para mayor información.

ACEPTAR
Aviso de cookies