RealValue
Realising Value from Electricity Markets with Local Smart Electric Thermal Storage Technology
Total Cost €
0EC-Contrib. €
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Project "RealValue" data sheet
The following table provides information about the project.
| Coordinator |
GLEN DIMPLEX HEATING & VENTILATION IRELAND UNLIMITED COMPANY
Organization address contact info |
| Coordinator Country | Ireland [IE] |
| Project website | http://www.realvalueproject.com/ |
| Total cost | 15˙413˙331 € |
| EC max contribution | 11˙987˙429 € (78%) |
| Programme |
1. H2020-EU.3.3. (SOCIETAL CHALLENGES - Secure, clean and efficient energy) |
| Code Call | H2020-LCE-2014-3 |
| Funding Scheme | IA |
| Starting year | 2015 |
| Duration (year-month-day) | from 2015-06-01 to 2018-05-31 |
Partnership
Take a look of project's partnership.
| # | ||||
|---|---|---|---|---|
| 1 | GLEN DIMPLEX HEATING & VENTILATION IRELAND UNLIMITED COMPANY | IE (DUNLEER LOUTH) | coordinator | 1˙575˙007.00 |
| 2 | SSE AIRTRICITY LTD | IE (DUBLIN) | participant | 2˙107˙081.00 |
| 3 | MVV ENERGIE AG | DE (MANNHEIM) | participant | 1˙440˙468.00 |
| 4 | ESB NETWORKS LTD | IE (DUBLIN) | participant | 1˙201˙116.00 |
| 5 | UNIVERSITY COLLEGE DUBLIN, NATIONAL UNIVERSITY OF IRELAND, DUBLIN | IE (DUBLIN) | participant | 1˙180˙097.00 |
| 6 | DEUTSCHES INSTITUT FUR WIRTSCHAFTSFORSCHUNG DIW (INSTITUT FUR KONJUNKTURFORSCHUNG) EV | DE (BERLIN) | participant | 966˙965.00 |
| 7 | INTEL RESEARCH AND DEVELOPMENT IRELAND LIMITED | IE (Leixlip) | participant | 921˙197.00 |
| 8 | Teknologian tutkimuskeskus VTT Oy | FI (Espoo) | participant | 687˙187.00 |
| 9 | GLEN DIMPLEX DEUTSCHLAND GMBH | DE (Kulmbach) | participant | 635˙192.00 |
| 10 | RIGAS TEHNISKA UNIVERSITATE | LV (RIGA) | participant | 632˙317.00 |
| 11 | THE CHANCELLOR, MASTERS AND SCHOLARS OF THE UNIVERSITY OF OXFORD | UK (OXFORD) | participant | 527˙092.00 |
| 12 | EIRGRID PLC | IE (DUBLIN) | participant | 113˙706.00 |
Map
Project objective
RealValue aims to demonstrate how local small-scale energy storage, optimised with advanced ICT, could bring benefits to market participants throughout the EU. Smart Electric Thermal Storage (SETS) will be deployed in physical demonstration trials in 1250 homes in Germany, Latvia and Ireland but the analysis will also consider other storage technologies and energy vectors, including integration with district heating and micro-generation. SETS is a direct replacement for existing electric thermal storage heaters and water tanks with a combined load of 55GW across the EU. It can also replace direct electric resistance heaters with further connected load of 93GW. To validate the physical demonstrations at large scale RealValue will use modelling & virtual simulation to demonstrate the technical and commercial potential in millions of homes across representative EU regions. Thorough research studies are an integral part of RealValue and will include techno-economic and behavioural analysis that will be used to inform EU regulation and policy decision makers. RealValue will develop business models which quantify the potential of small-scale storage as an aggregated controllable load. It will provide system services or release value through price arbitrage within existing energy market structures, and highlight any barriers associated with integration into the electricity grid. The RealValue consortium is a truly cohesive partnership which has full participation and commitment from the whole energy supply chain. The consortium includes: technology developers (Glen Dimplex, Intel); energy system modelling specialists (UCD, DIW, RTU); energy market specialists (VTT); socio-economic experts (Oxford University); electricity network operators (ESBN, EirGrid) and energy utilities (MVV, SSE). RealValue is designed to accelerate innovation and develop business models necessary for small-scale storage, allowing it to form an integral part of the future EU energy landscape.
Deliverables
| Customer User Interface (Germany) | Demonstrators, pilots, prototypes | 2019-05-31 12:47:14 |
| Refactored User Interface (Germany) | Demonstrators, pilots, prototypes | 2019-05-31 12:47:14 |
| Behavioural Monitoring Hardware (Ireland) | Demonstrators, pilots, prototypes | 2019-05-31 12:47:17 |
| Consumer Impact Study | Documents, reports | 2019-05-30 17:05:29 |
| Custom User Interface (Ireland and Latvia) | Demonstrators, pilots, prototypes | 2019-05-30 17:05:26 |
| Refactored User Interface (Ireland and Latvia) | Demonstrators, pilots, prototypes | 2019-05-30 17:05:26 |
| Project Website | Websites, patent fillings, videos etc. | 2019-05-30 17:05:34 |
| Reliability Assessment Tools | Demonstrators, pilots, prototypes | 2019-05-30 17:05:24 |
| Policy & Regulations Report | Documents, reports | 2019-05-30 17:05:15 |
| European Approach Report | Documents, reports | 2019-05-30 17:05:18 |
| Customer Recruitment Activities (Ireland) | Other | 2019-05-30 17:05:13 |
| Market Review Report | Documents, reports | 2019-05-30 17:05:08 |
| Market Design & Business Models Report | Documents, reports | 2019-05-30 17:05:26 |
| Market Matrix & Analysis | Documents, reports | 2019-05-30 17:05:21 |
| Customer Recruitment Activities (Germany) | Other | 2019-05-30 17:05:19 |
| Market Evaluation Report | Documents, reports | 2019-05-30 17:05:09 |
| Energy System Scenarios | Documents, reports | 2019-05-30 17:05:09 |
| Final Event/Workshops | Websites, patent fillings, videos etc. | 2019-05-30 17:05:29 |
| Technology Cost Benefit Analysis | Documents, reports | 2019-05-30 17:05:26 |
| Dissemination Plan | Documents, reports | 2019-05-30 17:05:22 |
| Customer Recruitment Activities (Latvia) | Other | 2019-05-30 17:05:23 |
Take a look to the deliverables list in detail: detailed list of RealValue deliverables.
Publications
| year | authors and title | journal | last update |
|---|---|---|---|
| 2017 |
Carlos Andrade-Cabrera, Daniel Burke, William J.N. Turner, Donal P. Finn Ensemble Calibration of lumped parameter retrofit building models using Particle Swarm Optimization published pages: 513-532, ISSN: 0378-7788, DOI: 10.1016/j.enbuild.2017.09.035 |
Energy and Buildings 155 | 2019-05-30 |
| 2018 |
Sarah J. Darby Smart electric storage heating and potential for residential demand response published pages: 67-77, ISSN: 1570-646X, DOI: 10.1007/s12053-017-9550-3 |
Energy Efficiency 11/1 | 2019-05-30 |
| 2017 |
Giuseppina Buttitta, William Turner, Donal Finn Modelling Household Occupancy Profiles using Data Mining Clustering Techniques on Time Use Data published pages: , ISSN: , DOI: |
Building Simulation 2017, San Francisco, CA, August 7-9, 2017 | 2019-05-30 |
| 2018 |
C. Andrade-Cabrera, M. De Rosa, D.S. Kapetanakis, A. Kathirgamanathan, D. P. Finn. A Study on the Trade-off between Energy Forecasting Accuracy and Computational Complexity in Lumped Parameter Building Energy Models published pages: , ISSN: , DOI: |
10th Canada conference of International Building Performance Simulation Association (eSim 2018). Montreal, Canada, May 2018. | 2019-05-30 |
| 2017 |
Anwar, Muhammad Bashar; Andrade-Cabrera, Carlos; Neu, Olivier; O\'Malley, Mark; Burke, Daniel J. An integrated Building-to-Grid model for evaluation of energy arbitrage value of Thermal Storage published pages: , ISSN: , DOI: |
The International Conference for Students on Applied Engineering (ICSAE), Newcastle, UK 20-21 October 2016 | 2019-05-30 |
| 2017 |
Muhammad Bashar Anwar, Mark O’Malley, Daniel Burke Evaluation of Flexibility Impacts of Thermal Electric Storage Using an Integrated Building-to-Grid Model published pages: , ISSN: , DOI: |
2017 IEEE International Conference on Smart Energy Grid Engineering (SEGE) | 2019-05-30 |
| 2017 |
Li Shen Analysis of energy savings potentials of electric storage heating systems in existing buildings published pages: , ISSN: , DOI: |
\"\"\"Analysis of energy savings potentials of electric storage heating systems in existing buildings, Mannheim, Baden-Württemberg, 2017\" | 2019-05-30 |
| 2017 |
Mostafa Bakhtvar, Carlos Andrade Cabrera, Giuseppina Buttitta, Olivier Neu and Andrew Keane A Study of Operation Strategy of Small Scale Heat Storage Devices in Residential Distribution Feeders published pages: , ISSN: , DOI: |
IEEE International Conference on Innovative Smart Grid Technologies IEEE ISGT Europe 2017 | 2019-05-30 |
| 2017 |
Andrade-Cabrera, Carlos; Turner, William J. N.; Burke, Daniel J.; Neu, Olivier; Finn, Donal Lumped Parameter Building Model Calibration using Particle Swarm Optimization published pages: , ISSN: , DOI: |
3rd Asia conference of International Building Performance Simulation Association (ASim2016), Jeju island, Korea 27-29 November 2016 | 2019-05-30 |
| 2018 |
Karlis Baltputnis, Zane Broka, Antans Sauhats, Liga Sadovica, Gatis Junghans Stochastic Model for Profitability Evaluation of Demand Response by Electric Thermal Storage published pages: , ISSN: , DOI: |
2018 59th International Scientific Conference on Power and Electrical Engineering of Riga Technical University (RTUCON) | 2019-05-30 |
| 2017 |
Buttitta, Giuseppina; Turner, William J. N.; Finn, Donal Clustering of household occupancy profiles for archetype building models published pages: , ISSN: , DOI: |
8th International Conference on Sustainability in Energy and Buildings (SEB-16), Turin, Italy 11-13 September 201 | 2019-05-30 |
| 2018 |
Andreas Bloess, Wolf-Peter Schill, Alexander Zerrahn Power-to-heat for renewable energy integration: A review of technologies, modeling approaches, and flexibility potentials published pages: 1611-1626, ISSN: 0306-2619, DOI: 10.1016/j.apenergy.2017.12.073 |
Applied Energy 212 | 2019-05-30 |
| 2017 |
Eoghan McKenna, Sarah Higginson, Philipp Grunewald, Sarah J. Darby Simulating residential demand response: Improving socio-technical assumptions in activity-based models of energy demand published pages: , ISSN: 1570-646X, DOI: 10.1007/s12053-017-9525-4 |
Energy Efficiency | 2019-05-30 |
| 2017 |
Muhammad Bashar Anwar , Mark O’Malley, Daniel Burke Optimal Charging Schedules for Thermal Electric Storage in the Absence of Communication published pages: , ISSN: , DOI: |
IEEE International Conference on Innovative Smart Grid Technologies IEEE ISGT Europe 2017 | 2019-05-30 |
| 2018 |
Sarah Darby, Sarah Higginson, Marina Topouzi, Julie Goodhew, Stefanie Reiss Getting the balance right: can smart thermal storage work for both customers and grids? published pages: , ISSN: , DOI: |
RealValue deliverable 5.3: consumer impact study | 2019-05-30 |
| 2017 |
Giuseppina Buttitta, William Turner, Olivier Neu, Donal Finn Modelling residential building stock heating load demand - Comparison of occupancy models at large scale published pages: , ISSN: , DOI: |
ASHRAE Annual Conference, Long Beach, CA, 2017 | 2019-05-30 |
| 2018 |
Jörn Richstein, Casimir Lorenz, Karsten Neuhoff Bidding formats for short-term electricity markets - A single actor investigation published pages: , ISSN: , DOI: |
DIW Discussion Paper | 2019-05-30 |
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