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EU funding (€21.2M): Optimal System-Mix Of flexibility Solutions for European electricity Hor1 Jan 2018 EU Research and Innovation programme "Horizon"
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Optimal System-Mix Of flexibility Solutions for European electricity
Six TSOs, eleven research partners, together with sixteen industry (manufacturers, solution providers) and market (producers, ESCo) players address, through a holistic approach, the identification and development of flexibilities required to enable the Energy Transition to high share of renewables. This approach captures synergies across needs and sources of flexibilities, such as multiple services from one source, or hybridizing sources, thus resulting in a cost-efficient power system. OSMOSE proposes four TSO-led demonstrations (RTE, REE, TERNA and ELES) aiming at increasing the techno-economic potential of a wide range of flexibility solutions and covering several applications, i.e.: synchronisation of large power systems by multiservice hybrid storage; multiple services provided by the coordinated control of different storage and FACTS devices; multiple services provided by grid devices, large demand-response and RES generation coordinated in a smart management system; cross-border sharing of flexibility sources through a near real-time cross-border energy market. The demonstrations are coordinated with and supported by simulation-based studies which aim (i) to forecast the economically optimal mix of flexibility solutions in long-term energy scenarios (2030 and 2050) and (ii) to build recommendations for improvements of the existing market mechanisms and regulatory frameworks, thus enabling the reliable and sustainable development of flexibility assets by market players in coordination with regulated players. Interoperability and improved TSO/DSO interactions are addressed so as to ease the scaling up and replication of the flexibility solutions. A database is built for the sharing of real-life techno-economic performances of electrochemical storage devices. Activities are planned to prepare a strategy for the exploitation and dissemination of the project’s results, with specific messages for each category of stakeholders of the electricity system.
Funded Companies:
Source: https://cordis.europa.eu/project/id/773406
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