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Realising Value from Electricity Markets with Local Smart Electric Thermal Storage Technology

Objective

RealValue aims to demonstrate how local small-scale energy storage, optimised with advanced ICT, could bring benefits to market participants throughout the EU. Smart Electric Thermal Storage (SETS) will be deployed in physical demonstration trials in 1250 homes in Germany, Latvia and Ireland but the analysis will also consider other storage technologies and energy vectors, including integration with district heating and micro-generation. SETS is a direct replacement for existing electric thermal storage heaters and water tanks with a combined load of 55GW across the EU. It can also replace direct electric resistance heaters with further connected load of 93GW. To validate the physical demonstrations at large scale RealValue will use modelling & virtual simulation to demonstrate the technical and commercial potential in millions of homes across representative EU regions. Thorough research studies are an integral part of RealValue and will include techno-economic and behavioural analysis that will be used to inform EU regulation and policy decision makers. RealValue will develop business models which quantify the potential of small-scale storage as an aggregated controllable load. It will provide system services or release value through price arbitrage within existing energy market structures, and highlight any barriers associated with integration into the electricity grid. The RealValue consortium is a truly cohesive partnership which has full participation and commitment from the whole energy supply chain. The consortium includes: technology developers (Glen Dimplex, Intel); energy system modelling specialists (UCD, DIW, RTU); energy market specialists (VTT); socio-economic experts (Oxford University); electricity network operators (ESBN, EirGrid) and energy utilities (MVV, SSE). RealValue is designed to accelerate innovation and develop business models necessary for small-scale storage, allowing it to form an integral part of the future EU energy landscape.

Call for proposal

H2020-LCE-2014-2015

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Sub call

H2020-LCE-2014-3

Coordinator

GLEN DIMPLEX HEATING & VENTILATION IRELAND UNLIMITED COMPANY
Net EU contribution
€ 662 468,63
Address
Barn Road
Dunleer Louth
Ireland

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Region
Ireland Eastern and Midland Mid-East
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Other funding
€ 283 915,12

Participants (15)

Third-party

Legal entity other than a subcontractor which is affiliated or legally linked to a participant. The entity carries out work under the conditions laid down in the Grant Agreement, supplies goods or provides services for the action, but did not sign the Grant Agreement. A third party abides by the rules applicable to its related participant under the Grant Agreement with regard to eligibility of costs and control of expenditure.

GDC GROUP LIMITED
United Kingdom
Net EU contribution
€ 912 538,38
Address
Milbrook House Grange Drive Hedge End
SO30 2DF Southampton

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Region
South East (England) Hampshire and Isle of Wight South Hampshire
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Other funding
€ 391 087,87
THE CHANCELLOR, MASTERS AND SCHOLARS OF THE UNIVERSITY OF OXFORD
United Kingdom
Net EU contribution
€ 527 092,50
Address
Wellington Square University Offices
OX1 2JD Oxford

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Region
South East (England) Berkshire, Buckinghamshire and Oxfordshire Oxfordshire
Activity type
Higher or Secondary Education Establishments
Other funding
€ 0,00
MVV ENERGIE AG
Germany
Net EU contribution
€ 682 281,25
Address
Luisenring 49
68159 Mannheim

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Region
Baden-Württemberg Karlsruhe Mannheim, Stadtkreis
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Other funding
€ 292 406,25
Third-party

Legal entity other than a subcontractor which is affiliated or legally linked to a participant. The entity carries out work under the conditions laid down in the Grant Agreement, supplies goods or provides services for the action, but did not sign the Grant Agreement. A third party abides by the rules applicable to its related participant under the Grant Agreement with regard to eligibility of costs and control of expenditure.

MVV NETZE GMBH
Germany
Net EU contribution
€ 87 937,50
Address
Luisenring 49
68159 Mannheim

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Region
Baden-Württemberg Karlsruhe Mannheim, Stadtkreis
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Other funding
€ 37 687,50
Third-party

Legal entity other than a subcontractor which is affiliated or legally linked to a participant. The entity carries out work under the conditions laid down in the Grant Agreement, supplies goods or provides services for the action, but did not sign the Grant Agreement. A third party abides by the rules applicable to its related participant under the Grant Agreement with regard to eligibility of costs and control of expenditure.

BEEGY GMBH
Germany
Net EU contribution
€ 532 952,88
Address
L13 3-4
68161 Mannheim

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Region
Baden-Württemberg Karlsruhe Mannheim, Stadtkreis
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Other funding
€ 228 408,37
Third-party

Legal entity other than a subcontractor which is affiliated or legally linked to a participant. The entity carries out work under the conditions laid down in the Grant Agreement, supplies goods or provides services for the action, but did not sign the Grant Agreement. A third party abides by the rules applicable to its related participant under the Grant Agreement with regard to eligibility of costs and control of expenditure.

SOLUVIA METERING GMBH
Germany
Net EU contribution
€ 137 297,13
Address
Anderstrasse 71
63067 Offenbach

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Region
Darmstadt Offenbach am Main, Kreisfreie Stadt
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Other funding
€ 58 841,62
EIRGRID PLC
Ireland
Net EU contribution
€ 113 706,25
Address
Shelbourne Road 160 Ballsbridge The Oval
4 Dublin

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Region
Ireland Eastern and Midland Dublin
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Other funding
€ 48 731,25
TEKNOLOGIAN TUTKIMUSKESKUS VTT OY
Finland
Net EU contribution
€ 687 187,50
Address
Tekniikantie 21
02150 Espoo

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Region
Manner-Suomi Helsinki-Uusimaa Helsinki-Uusimaa
Activity type
Research Organisations
Other funding
€ 0,00
ESB NETWORKS LTD
Ireland
Net EU contribution
€ 1 201 116,88
Address
Lower Mount Street Clanwilliam Place Clanwilliam House
2 Dublin

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Region
Ireland Northern and Western Border
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Other funding
€ 514 764,37
UNIVERSITY COLLEGE DUBLIN, NATIONAL UNIVERSITY OF IRELAND, DUBLIN
Ireland
Net EU contribution
€ 1 180 097,50
Address
Belfield
4 Dublin

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Region
Ireland Eastern and Midland Dublin
Activity type
Higher or Secondary Education Establishments
Other funding
€ 0,00
DEUTSCHES INSTITUT FUR WIRTSCHAFTSFORSCHUNG DIW (INSTITUT FUR KONJUNKTURFORSCHUNG) EV
Germany
Net EU contribution
€ 966 965,00
Address
Mohrenstrasse 58
10117 Berlin

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Region
Berlin Berlin Berlin
Activity type
Research Organisations
Other funding
€ 0,00
SSE AIRTRICITY LTD
Ireland
Net EU contribution
€ 2 107 081,20
Address
Red Oak South South County Business Park Leopardstown
18 Dublin

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Region
Ireland Eastern and Midland Dublin
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Other funding
€ 903 034,80
INTEL RESEARCH AND DEVELOPMENT IRELAND LIMITED
Ireland
Net EU contribution
€ 921 197,38
Address
Collinstown Industrial Park
W23 Leixlip

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Region
Ireland Eastern and Midland Dublin
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Other funding
€ 394 798,87
GLEN DIMPLEX DEUTSCHLAND GMBH
Germany
Net EU contribution
€ 635 192,25
Address
Am Goldenen Feld 18
95326 Kulmbach

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Region
Bayern Oberfranken Kulmbach
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Other funding
€ 272 225,25
RIGAS TEHNISKA UNIVERSITATE
Latvia
Net EU contribution
€ 632 317,50
Address
Kipsalas Iela 6a
1048 Riga

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Region
Latvija Latvija Rīga
Activity type
Higher or Secondary Education Establishments
Other funding
€ 0,00