Periodic Reporting for period 3 - FARCROSS (FAcilitating Regional CROSS-border Electricity Transmission through Innovation)
Okres sprawozdawczy: 2022-04-01 do 2023-09-30
The FARCROSS project aimed to overcome this challenge, focusing particularly on Southeast Europe. This included forming a wide-ranging market through better cross-border electricity connections. A market of this scale, reliant on electricity imports and exports, could heighten competition, enhance the EU's electricity supply security, and allow for greater integration of RES into the energy markets. The project envisioned electricity flowing between Member States as seamlessly as within them, enhancing sustainability, competition, and the economic efficiency of the energy system. FARCROSS tackled this by linking key energy value chain stakeholders and showcasing integrated hardware and software solutions to enable cross-border electricity flow and regional collaboration.
The project's goals included developing advanced software solutions to boost cross-border capacity and grid services potential, creating a comprehensive set of technical and market codes to harmonize network codes, and devising a cost-benefit analysis (CBA) for planning cross-border infrastructure investments. It also aimed to demonstrate hardware and software technologies in realistic settings, thereby encouraging further research and new market opportunities. This was supported by efficiently disseminating FARCROSS results to essential stakeholders.
In its final phase, FARCROSS evaluated technologies that reached a TRL of 8. This evaluation established a solid base for their use in improving cross-border electricity trade efficiency. An extensive review across 18 key categories confirmed these technologies' suitability for real-world application, promising benefits like cost reduction, enhanced efficiency, and lower environmental impact.
The development of 30 KPIs enabled us to quantify the success of our solutions. The outcomes of the Cost-Benefit Analysis (CBA) for the FARCROSS project present a convincing case for the financial soundness of all the proposed initiatives. This economic strength highlights the project's capability to make significant positive changes to the energy sectors of the involved countries.
The leaders of the various demonstrations developed bespoke business models, calculating the costs and benefits for potential users of their KERs. These models were refined based on the final results, offering a more accurate view of the potential for exploiting FARCROSS’s innovations.
The FARCROSS consortium focused on a comprehensive assessment of the five technologies within the FARCROSS project, i.e. MPFC, DLR-H, WAMPAC, EUROPAN, and OPTIM-CAP. This evaluation was accompanied by recommendations based on key criteria including technical benefits, economic viability, environmental impact, regulatory compliance, interoperability, scalability potential, replicability potential, cybersecurity, social acceptance, knowledge transfer, market integration, sustainability index, operational efficiency, further innovation and research potential, cross-border collaboration, adaptability, and long-term impact.