The European electricity sector is undergoing a major fundamental change with the increasing digitalisation, roll-out of smart meters and wide penetration of RES, IoT devices, distributed storage and EVs.
Efficiency requires much automation; machine-to-machine (M2M) technologies, Artificial Intelligence, Edge and Cloud Analytics to drive automation processes will become more important. Consequently, the need for “end-to-end” coordination between the electricity sector stakeholders, not only in business terms but also in exchanging information between them is becoming a necessity to enable the realization of the high level objective of increasing electricity networks’ stability and resilience, while satisfying individual operational optimization objectives and business case targets of all stakeholders involved either directly or indirectly in such optimization processes of continuously increasing complexity and uncertainty. New controllability variables are introduced in the management and optimization of electricity networks, affecting fundamental operational parameters and increasing network management complexity. However, recent studies have pointed out that electricity sector actors are reluctant to make the move due to high upfront costs and sheer complexity of data.
SYNERGY introduces a novel framework and reference BD architecture that leverages energy domain data from diverse sources (APIs, historical data, statistics, sensors, weather data, energy market, etc) to help the electricity value chain stakeholders to simultaneously enhance their data reach, improve their internal intelligence on electricity-related optimization functions, while getting involved in novel sharing / trading models of data sources and intelligence. SYNERGY enables the transition from traditional master/slave schemas to more complex synergies (enabled by the SYNERGY Big Data Platform and AI Analytics Marketplace) to deliver added value analytics applications and innovative energy services to the involved stakeholders towards serving their individual interests, while realizing common electricity sector goals for de-carbonization, power quality and security of supply.
Data analytics services will be made available through a BD AI Baseline Analytics Service Marketplace, in which hybrid encryption, multi-party contract management and multiparty computations play an instrumental role. Through the marketplace, electricity sector stakeholders will have the opportunity to benefit from advanced AI Big Data Analytics which will essentially correlate and analyse incoming data streams from the various stakeholders’ systems to generate new insights and knowledge. On top of the SYNERGY Big Data Platform and AI Analytics Marketplace, a bundle of innovative energy applications and services will be configured, addressing the business and optimization needs of the variety of stakeholders.
On the business side, SYNERGY will define and validate a new ecosystem of data-driven intelligence for the provision innovative synergetic services, accompanied by respective business models for the electricity value chain actors, based on the principles of the data sharing and exchange approach.
