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Best practices and implementation of innovative business models for Renewable Energy aggregatorS

Objective

Europe´s electricity sector is in the midst of major transformation moving from public monopolies to competitive private companies in liberalized markets. The liberalization is expected to increase competition and thus increase cost-efficiency in energy production, transmission and distribution with the result of decreasing electricity prices. The efforts of Member State governments to create a more competitive and sustainable electricity sector are currently clouded by a major economic downturn in Europe´s economic activity. Such economic hardship often triggers reluctance to change which is becoming visible in particular in the electricity sector, where measures to protect jobs and national industry start to compete with market liberalization. The affordability of sustainable electricity is questioned.

There is a strong need for innovative business models for Renewable Energy Source (RES) electricity generation in the long and mid-term because support schemes will fade out in the long term pushing renewables on the market at no marginal costs which then in particular for strongly correlated generation as wind and PV leads to price deterioration during production hours. Already today many Member States have drastically reduced measures to further support the development of the RES sector, so that new investment is not possible without tapping new revenues with new business.

The aim of the BestRES project is to identify best practices business models for renewable electricity generation in Europe and to improve these further taking into account new opportunities and synergies coming along with changing market designs in line with the EU target model. Business models investigated in this project shall make use of the aggregation of various renewable sources, storage and flexible demand. The improved business models will be implemented during the project in real-life environments, depending on the market conditions, to proof the soundness of the developed concept.

Field of science

  • /social sciences/economics and business/business and management/business model
  • /engineering and technology/environmental engineering/energy and fuels/renewable energy
  • /social sciences/economics and business
  • /social sciences/economics and business/business and management/commerce

Call for proposal

H2020-LCE-2015-3
See other projects for this call

Funding Scheme

CSA - Coordination and support action

Coordinator

WIRTSCHAFT UND INFRASTRUKTUR GMBH & CO PLANUNGS KG
Address
Sylvensteinstrasse 2
81369 Muenchen
Germany
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
EU contribution
€ 222 500

Participants (11)

3E
Belgium
EU contribution
€ 291 000
Address
Kalkkaai 6
1000 Brussel
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
TECHNISCHE UNIVERSITAET WIEN
Austria
EU contribution
€ 288 750
Address
Karlsplatz 13
1040 Wien
Activity type
Higher or Secondary Education Establishments
STIFTUNG UMWELTENERGIERECHT
Germany
EU contribution
€ 190 632,50
Address
Ludwigstrasse 22
97070 Wurzburg
Activity type
Research Organisations
GOOD ENERGY LIMITED
United Kingdom
EU contribution
€ 142 035
Address
Monkton Reach Monkton Hill
SN15 1EE Chippenham
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
NEXT KRAFTWERKE BELGIUM
Belgium
EU contribution
€ 142 695
Address
Paleizenstraat 153
1030 Brussel
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
NEXT KRAFTWERKE GMBH
Germany
EU contribution
€ 245 000
Address
Lichtstrasse 43 G
50825 Koln
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
OEKOSTROM GMBH FUR VERTRIEB, PLANUNG UND ENERGIEDIENSTLEISTUNGEN
Austria
EU contribution
€ 162 375
Address
Laxenburger Strasse 2
1100 Wien
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
RE-PRO MANAGEMENT GMBH

Participation ended

Austria
EU contribution
€ 0
Address
Getreidemarkt 14/30
1010 Wien
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
CNET CENTRE FOR NEW ENERGY TECHNOLOGIES SA
Portugal
EU contribution
€ 147 325
Address
Rua Cidade De Goa 4
2685 039 Sacavem E Prior Velho Lisboa
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
YOURIS.COM
Belgium
EU contribution
€ 105 000
Address
Dreve Du Pressoir 38
1190 Brussels
Activity type
Other
UNIVERSITY OF CYPRUS
Cyprus
EU contribution
€ 57 500
Address
1, Panepistimiou Avenue, 2109, Aglantzia
1678 Nicosia
Activity type
Higher or Secondary Education Establishments