Project description
Powering the EV battery as an independent asset
Incorporating electric vehicle (EV) batteries into the electricity system is essential to promote storage and flexibility capacity. It requires the use of vehicle-to-grid and vehicle-to-building technology combined with energy efficiency and price forecasting ICT tools. In this context, the EU-funded V2Market project will put together all the relevant actors in the value chain to work on the definition of the role and the contractual arrangements of a new business case. By providing flexibility services to the grid, the project will address energy efficiency at the systems level. At the building/end-user level, it will optimise energy management thanks to the incorporation of the EV battery.
Objective
V2Market is an innovative service to incorporate the Electric Vehicles’ (EV) batteries into the electricity system as storage and flexibility capacity, using Vehicle-to-Grid (V2G) and Vehicle-to-Building (V2B) technology combined with energy efficiency (EE) and price forecasting ICT tools. V2Market puts together all the relevant actors in the value chain to work on the definition of the role and the contractual arrangements of a new business case, the aggregator, and its different possibilities with the other key stakeholders: the EV owners, and the flexibility buyers (DSO, TSO, BRP).
V2Market will tackle energy efficiency at different levels:
- Efficiency at the system level, by providing flexibility services to the grid.
- Efficiency at the building/end user level, by optimising energy management thanks to the incorporation of the EV battery, which will also facilitate an optimisation of the energy produced by local RES.
- Efficiency resulting from the substitution of older fossil-fuel based vehicles for electric vehicles.
- It will make the EV battery an independent asset (as a major cost item that needs to be managed separately).
This will result in measurable energy savings and performance improvements for the overall energy system. To respond to these EE needs, V2Market will develop a comprehensive business case for aggregators based on two types of service:
A – Provision of ancillary services to the grid (frequency regulation, spinning reserves, peak shifting).
B – Integration of flexibility services with EE at buildings’ level.
V2Market will help the aggregator to develop its business model, and use big data to tailor its services to the patterns of its pool of EV owners. This is intended to consolidate a more predictable pool of EV batteries, which can be useful to develop also contractual arrangements with the flexibility buyers and provide stability to all the transactions within the value chain.
Keywords
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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H2020-EU.3.3. - SOCIETAL CHALLENGES - Secure, clean and efficient energy
MAIN PROGRAMME
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H2020-EU.3.3.7. - Market uptake of energy innovation - building on Intelligent Energy Europe
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H2020-EU.3.3.1. - Reducing energy consumption and carbon foorpint by smart and sustainable use
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
CSA - Coordination and support action
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) H2020-LC-SC3-2018-2019-2020
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Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
08007 Barcelona
Spain
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.