FLEXGRID – A novel smart grid architecture that facilitates high-RES penetration through innovative flexibility markets towards efficient stakeholder interaction
Year: 2021
Type: article
Abstract: project develops a digital platform designed to offer Digital Energy Services (DESs) that facilitate energy sector stakeholders (i.e. DSOs, TSOs, market operators, RES producers, retailers, flexibility aggregators) towards: i) automating and optimizing their investments and operation/management of their systems/assets, and ii) interacting in a dynamic and efficient way with their environment (electricity system) and the rest of the stakeholders. In this way, FLEXGRID envisages secure, sustainable, competitive, and affordable smart grids. A key objective is the incentivization of large-scale bottom-up investments in Distributed Energy Resources (DERs) through innovative smart grid management. Towards this goal, FLEXGRID develops innovative data models and energy market architectures (with high liquidity and efficiency) that effectively manage smart grids through an advanced TSO-DSO interaction as well as interaction between Transmission Network and Distribution Network level energy markets. Consequently, and through intelligence that exploits the innovation of the proposed market architecture, FLEXGRID develops investment tools able to examine in depth the emerging energy ecosystem and allow in this way: i) the financial sustainability of DER investors, and ii) the market liquidity/efficiency through advanced exploitation of DERs and intelligent network upgrades.
Source: Open Research Europe
Authors: Nikolaos Efthymiopoulos, Prodromos Makris, Georgios Tsaousoglou, Konstantinos Steriotis, Dimitrios J. Vergados, Alireza Khaksari, Lars Herre, Victor Lacort, German Martinez, Elena Leal Lorente, Robert Gehrcke, Matin Bagherpour, Gesa Milzer, Bryan Pellerin, Farhan Farrukh, Malte Thoma, Tonci Tadin, Maria-Iro Baka, Christina Papadimitriou, Andreas Kyprianou, George E. Georghiou, Hrvoje Pandzic, Domagoj Badanjak, Spyros Chatzivasileiadis, Eléa Prat, Mihai Calin, Tara Esterl, Filip Pröstl Andrén, Emmanouel Varvarigos
Language: English
Topic: Smart Grid Energy Management
Subfield: Electrical and Electronic Engineering
Field: Engineering
Domain: Physical Sciences
Open Access status: gold
Estimated APC paid: $841
OpenAlex ID: W3208523720