Democratizing energy markets through the introduction of innovative flexibility-based demand response tools and novel business and market models for energy cooperatives

Objective

FLEXCoop introduces an end-to-end Automated Demand Response Optimization Framework. It enables the realization of novel business models, allowing energy cooperatives to introduce themselves in energy markets under the role of an aggregator. It equips cooperatives with innovative and highly effective tools for the establishment of robust business practices to exploit their microgrids and dynamic VPPs as balancing and ancillary assets toward grid stability and alleviation of network constraints.
Optimization in FLEXCoop applies to multiple levels. It spans local generation output, demand and storage flexibility, as well as the flexibility offered by EVs to facilitate maximum RES integration into the grid, avoidance of curtailment and satisfaction of balancing and ancillary grid needs. This is achieved via automated, human-centric demand response schemes with the participation of appropriately selected residential prosumers. To enhance prosumer acceptance, the FLEXCoop innovative services will feature non-intrusiveness, comfort and well-being preservation, non-violation of prosumer daily schedules as well as maximization of benefits through transparent and open participation in markets. It will also guarantee easy switching between DR service providers, vendor lock-in avoidance, customized DR service contracts and objective settlement and remuneration, thus establishing an energy democracy context and empowering prosumers to become active energy market players. FLEXCoop brings together a wide range of baseline technologies to build an open and interoperable DR optimization framework, including a fully-fledged tool suite for energy cooperatives (aggregators) and prosumers involved in the DR value chain, ensuring: (i) DR stakeholders empowerment and transformation into active market players, (ii) end-to-end interoperability between energy networks, energy management systems and devices and (iii) the realization of new business models for energy cooperatives.

Field of science

/social sciences/economics and business/business and management/innovation management
/social sciences/economics and business/business and management/business model
/humanities/arts/architectural design
/engineering and technology/electrical engineering, electronic engineering, information engineering/electronic engineering/automation and control systems/home automation
/social sciences/economics and business/business and management/commerce

Funding Scheme

RIA - Research and Innovation action

Coordinator

FRAUNHOFER GESELLSCHAFT ZUR FOERDERUNG DER ANGEWANDTEN FORSCHUNG E.V.

Address

Hansastrasse 27C
80686 Munchen
Germany

Activity type

Research Organisations

EU contribution

€ 616 766,11

Objective

Field of science

Programme(s)

Topic(s)

Call for proposal

Funding Scheme

Coordinator

Participants (14)

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