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FLEXGRID SIGNED

A novel smart grid architecture that facilitates high RES penetration through innovative markets towards efficient interaction between advanced electricity grid management and intelligent stakeholders

Total Cost €

EC-Contrib. €

Partnership

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FLEXGRID project word cloud

Explore the words cloud of the FLEXGRID project. It provides you a very rough idea of what is the project "FLEXGRID" about.

flexgrid strategy trade accommodate penetration benefits architecture assets generation models interaction accurate optimal future orchestration services points guarantee quantify competitive providers analytics flow efficient grids economic interacting algorithms scalable off protecting smart forecasts averse network electricity flexibility planning tsos safely mitigate upgrade holistic res manner energy grid compose scalability privacy integration dispatchable market opf fair optimization artificial theory equilibrium innovative dsos data sustainable overhead introduce proof markets producers optimally stable business power esps clearing exploited risks risk time proposes modern tools game period intelligence envisages fairness resps service

Project "FLEXGRID" data sheet

The following table provides information about the project.

Coordinator	INSTITUTE OF COMMUNICATION AND COMPUTER SYSTEMS Organization address address: Patission Str. 42 city: ATHINA postcode: 10682 website: www.iccs.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	3˙889˙056 €
EC max contribution	3˙889˙056 € (100%)
Programme	1. H2020-EU.3.3.4. (A single, smart European electricity grid)
Code Call	H2020-LC-SC3-2019-ES-SCC
Funding Scheme	RIA
Starting year	2019
Duration (year-month-day)	from 2019-10-01 to 2022-09-30

Partnership

Take a look of project's partnership.

#	participants	country	role	EC contrib. [€]
1	INSTITUTE OF COMMUNICATION AND COMPUTER SYSTEMS INSTITUTE OF COMMUNICATION AND COMPUTER SYSTEMS Organization address address: Patission Str. 42 city: ATHINA postcode: 10682 website: www.iccs.gr contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	EL (ATHINA)	coordinator	540˙500.00
2	AIT AUSTRIAN INSTITUTE OF TECHNOLOGY GMBH AIT AUSTRIAN INSTITUTE OF TECHNOLOGY GMBH Organization address address: GIEFINGGASSE 4 city: WIEN postcode: 1210 website: http://www.ait.ac.at/ contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	AT (WIEN)	participant	450˙993.00
3	DANMARKS TEKNISKE UNIVERSITET DANMARKS TEKNISKE UNIVERSITET Organization address address: ANKER ENGELUNDSVEJ 1 BYGNING 101 A city: KGS LYNGBY postcode: 2800 website: www.dtu.dk contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	DK (KGS LYNGBY)	participant	433˙650.00
4	SMART INNOVATION NORWAY AS SMART INNOVATION NORWAY AS Organization address address: HAKON MELBERGS VEI 16 city: HALDEN postcode: 1783 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.	NO (HALDEN)	participant	428˙587.00
5	NODES AS NODES AS Organization address address: VOLLSVEIEN 9 city: LYSAKER postcode: 1366 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.	NO (LYSAKER)	participant	371˙250.00
6	BADENOVA AG & CO KG BADENOVA AG & CO KG Organization address address: TULLASTRASSE 61 city: FREIBURG IM BREISGAU postcode: 79108 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.	DE (FREIBURG IM BREISGAU)	participant	369˙262.00
7	NORD POOL CONSULTING AS NORD POOL CONSULTING AS Organization address address: LILLEAKERVEIEN 21 city: OSLO postcode: 283 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.	NO (OSLO)	participant	312˙187.00
8	UNIVERSITY OF CYPRUS UNIVERSITY OF CYPRUS Organization address address: KALLIPOLEOS STREET 75 city: NICOSIA postcode: 1678 website: www.ucy.ac.cy contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	CY (NICOSIA)	participant	300˙000.00
9	ETRA INVESTIGACION Y DESARROLLO SA ETRA INVESTIGACION Y DESARROLLO SA Organization address address: CALLE TRES FORQUES 147 city: VALENCIA postcode: 46014 website: www.grupoetra.com contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	ES (VALENCIA)	participant	284˙375.00
10	SVEUCILISTE U ZAGREBU FAKULTET ELEKTROTEHNIKE I RACUNARSTVA SVEUCILISTE U ZAGREBU FAKULTET ELEKTROTEHNIKE I RACUNARSTVA Organization address address: UNSKA 3 city: ZAGREB postcode: 10000 website: www.fer.hr contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	HR (ZAGREB)	participant	243˙750.00
11	HRVATSKI OPERATOR PRIJENOSNOG SUSTAVA DOO HRVATSKI OPERATOR PRIJENOSNOG SUSTAVA DOO Organization address address: KUPSKA 4 city: ZAGREB postcode: 10000 website: www.hep.hr contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	HR (ZAGREB)	participant	154˙500.00
12	WEMAG AG WEMAG AG Organization address address: OBOTRITENRING 40 city: SCHWERIN postcode: 19053 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.	DE (SCHWERIN)	participant	0.00

Map

Project objective

Future smart grids require the effective interaction between energy markets and electricity grid management systems in order to introduce new services and mitigate risks introduced by high RES penetration. FLEXGRID envisages the orchestration and integration of: i) advanced electricity grid models and tools, ii) flexibility assets’ management tools, and iii) data analytics and accurate forecasts of the various markets and RES production, in order to guarantee cost-effective and stable electricity grids. Towards this end, FLEXGRID project proposes a holistic future smart grid architecture able to accommodate high RES penetration through the advancement, interaction and integration of: i) innovative models that are based on recent advances in game theory in order to quantify and highly improve the trade-off between the various future energy markets’ requirements (Real Time, Efficient, Strategy Proof, Competitive, Scalable, Fair and Privacy Protecting) and guarantee, theoretically and in practice, the “fairness” of the equilibrium points that energy markets reach, ii) grid system models that use optimization theory to achieve more efficient market clearing and Optimal Power Flow (OPF) algorithms to achieve scalability, in a way that must also be Low Overhead, Multi-period, Robust and Network Upgrade Planning Aware, and iii) innovative Business Models through the use of artificial intelligence, which can be exploited by modern Energy Service Providers (ESPs) and RES Producers (RESPs) to achieve economic and operational benefits through their efficient interaction with FLEXGRID’s advanced markets and electricity grid models. FLEXGRID will help: i) DSOs/TSOs manage safely and at low cost their electricity grid by interacting with ESPs and RESPs through novel flexibility market procedures, ii) modern ESPs become more competitive and sustainable,and iii) RESPs optimally compose and exploit their production in a risk-averse manner by making their RES generation dispatchable.

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