Project description
New model to boost trade in renewables
Over the past decades, feed-in tariffs have accelerated large-scale investment in renewable energy technologies like solar photovoltaics. Countries are now moving towards retail grid parity, a self-sustaining market. When the renewable energy sector enters a phase of subsidy-free growth in Europe and around the world, the Pexaconnect project will investigate the difficulties faced by such investors when measuring their revenues in the post-tariff market. The project will create the first renewable energy trading platform to facilitate energy sales and corporate power purchase agreements (PPAs). Ultimately, it will design a new model to assist investors throughout the entire process. It will be an all-in-one solution to control their assets.
Objective
With Feed-in-Tariffs being replaced and grid parity achieved in many regions, today renewables are traded in the open market and have become investments that are significantly more complex, technical and volatile. Thus, the post-tariff market has created a major issue for many investors, who are having difficulty measuring and supervise the revenues of their assets. Corporate Power Purchase Agreements (PPAs) has emerged as an effective and vital new route to finance renewable energy assets, however structuring PPAs is quite complex, resulting to high search and transaction costs for market participants. In a market that is volatile, non-transparent and dependent on variables such as weather, renewable investors are in need of solutions to help them manage revenue and risks of their power sales.
PEXA®connect disrupts how renewable energy markets are organized today. It introduces the first renewable energy trading platform that provides all pre-sales preparation services, as well as after-sales services to facilitate energy sales/PPA transactions at a fingertip. It introduces a new business model that accompanies investors through the entire PPA process and offers them an all-in-one solution to take control of their assets. In summary, it substantially increases market efficiency by reducing the currently very high search (counterpart) and transaction costs.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
- engineering and technology environmental engineering energy and fuels renewable energy
- social sciences economics and business business and management business models
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Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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H2020-EU.2.3. - INDUSTRIAL LEADERSHIP - Innovation In SMEs
MAIN PROGRAMME
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H2020-EU.3. - PRIORITY 'Societal challenges
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H2020-EU.2.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
SME-1 - SME instrument phase 1
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) H2020-EIC-SMEInst-2018-2020
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Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
8952 SCHLIEREN
Switzerland
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.