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Streaming flexibility to the power system

Project description

Ecosystem to meet flexibility demands of power market and grid operations

Power systems need flexibility to balance supply and demand at all times. This flexibility is becoming increasingly important as more sources are used. The EU-funded STREAM project aims to develop a novel and robust flexibility ecosystem for existing power markets’ low voltage grids. From end users to system operators, this ecosystem will connect data, technologies, stakeholders and markets. The project’s new business models will benefit technical and non-technical features of energy services and other citizen services. At present, established or developing power markets do not have such services and business models.

Objective

The ambition of the STREAM project (STREAM) is the creation of an innovative and robust flexibility ecosystem (“STREAM Ecosystem”) on the low voltage (LV) grid side of existing power markets connecting data, technologies, stakeholders and markets, thus facilitating the flexibility provision. A variety of benefits for both technical- and non-technical aspects of energy services supporting power market and power grid operations will be created. STREAM will empower data from flexible devices and support creation of other citizen services through a User-centric Approach to improve their acceptance. The exploitation of both types of services will benefit from new business models, built upon local LV flexibility markets and novel barter-like mechanism, developed in STREAM.
Presently, such services and business models don’t exist in either established- or developing power markets. The STREAM ecosystem covers their implementation, includes various stakeholder groups on all levels of power markets, from small-scale end-users, energy communities, ESCOs, service providers, to market- and system operators.
To achieve the goals, STREAM consortium comprises relevant actors to capture the entire flexibility value chain within STREAM ecosystem from end users, energy communities to service providers, flexibility services providers, market operators, DSOs, and TSO, complemented by technology and research partners. The latter will supply knowledge in a form of STREAM tools that will enable the realization of STREAM ecosystem. They will be adapted, deployed, calibrated, and demonstrated in the 4 STREAM pilots that serve as a basis for benchmarking of STREAM ideas. They cover geographical, economic, size and type diversity of the consumers. While complementary, the pilots focus on a specific part of STREAM Ecosystem. The pilot partners have all the essential roles and authority to carry out the specified activities.

Coordinator

UNIVERZA V LJUBLJANI
Net EU contribution
€ 475 187,50
Address
KONGRESNI TRG 12
1000 Ljubljana
Slovenia

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Region
Slovenija Zahodna Slovenija Osrednjeslovenska
Activity type
Higher or Secondary Education Establishments
Links
Total cost
€ 929 592,58

Participants (22)