Project description
Incentivising change in energy supply and demand
Local flexibility markets (LFMs) provide an opportunity for consumers to play a significant role in the operation of the electric grid by reducing or shifting their electricity usage in response to time-based rates or other forms of financial incentives. The EU-funded DE-RISK project aims at boosting the end-users' active participation in the LFMs by: deeply understanding their needs; deploying the low-cost DE-RISK digital twin automated platform to assess, validate and unlock the flexibility potential in four highly replicable case studies; bridging the regulatory gap and roadmapping the LFMs in different regulatory and policy frameworks and market maturity conditions; and developing and validating innovative business models and financing mechanisms to de-risk the upfront investment to ensure the long-term viability and sustainability of the LFMs.
Objective
DE-RISK aims at supporting the market uptake of renewable energy systems by fostering the adoption of LFMs and unlocking up to 100GW of flexibility in 2030 which will allow a safe and reliable integration of RES in the grid. DE-RISK will achieve this ambitious objective by minimizing the investments and implementation risk through an innovative customer behavior change journey that will increase end users' trust and willingness to participate in the flexibility markets. DE-RISK integrates building, citizen and grids digital twins in its flexibility platform capable of reducing the gap between simulation and real implementation thus mitigating potential technical risks during deployment and operational phase. To maximize DE-RISK impact, innovative multi-sided business models will be developed ensuring multi-benefits, fairness and sustainability for all actors while disruptive financial schemes will be validated for democratizing the access to sustainable investments. Finally, a set of experts will develop regulatory recommendations to support a fair, clear and transparent adoption of LFMs.
Fields of science
Keywords
Programme(s)
Funding Scheme
HORIZON-CSA - HORIZON Coordination and Support ActionsCoordinator
06805 Ankara
Türkiye