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FleXunity SIGNED

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

Total Cost €

EC-Contrib. €

Partnership

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FleXunity project word cloud

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

sharing power business framework vpp retailers innovative wholesale climate multiple tradable assets envisaged members uk participate active virtual actions tso roll market technologies validate operator asset portfolio models security commercial transmission profit balance energy distributed deploy portfolios transformation opening operators bought bsps demand meet close structure aggregators optimisation aggregating iberia ancillary valuating renewables savings benefits ai algorithms empowered community introducing enhanced outcomes participation blockchain full flexibility demonstrating maximize flexunity dr service dso utilities transactions mechanisms services balancing mature provider pilots transaction plant optimizing minimizing tariff secure nonexistence utility stakeholder markets

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 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.	PT (COIMBRA)	coordinator	927˙704.00
2	ELECTRIC CORBY COMMUNITY INTEREST COMPANY ELECTRIC CORBY COMMUNITY INTEREST COMPANY Organization address address: LONDON ROAD CORBY ENTERPRISE CENTRE city: CORBY NORTHAMPTONSHIRE postcode: NN17 5EU 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.	UK (CORBY NORTHAMPTONSHIRE)	participant	698˙087.00
3	SIMPLES ENERGIA DE ESPANA SL SIMPLES ENERGIA DE ESPANA SL Organization address address: AVENIDA DOMINGO BUENO NUM 10 BLOQUE ENTR, PISO C, PTA 2 city: O PORRINO PONTEVEDRA postcode: 36400 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.	ES (O PORRINO PONTEVEDRA)	participant	602˙656.00
4	LAPPEENRANNAN-LAHDEN TEKNILLINEN YLIOPISTO LUT LAPPEENRANNAN-LAHDEN TEKNILLINEN YLIOPISTO LUT Organization address address: YLIOPISTONKATU 34 city: LAPPEENRANTA postcode: 53850 website: www.lut.fi contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	FI (LAPPEENRANTA)	participant	446˙912.00
5	CENTRO DE INVESTIGACAO EM ENERGIA REN - STATE GRID SA CENTRO DE INVESTIGACAO EM ENERGIA REN - STATE GRID SA Organization address address: RUA CIDADE DE GOA, 4-B city: SACAVEM postcode: 2685 038 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.	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.

Are you the coordinator (or a participant) of this project? Plaese send me more information about the "FLEXUNITY" project.

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