Project description
Flexibility market platform based on blockchain and IoT paves the way for smart energy grids
Transactive energy is a new kind of energy market, operated by consumers, which will change the way energy is generated and consumed. Blockchain technology would serve as an ideal platform for the transactive electricity market, helping to ensure that diverse assets on the grid work together. It also allows the IoT to share information efficiently, reliably and securely. The EU-funded PARITY project is working on a local flexibility market platform that seamlessly integrates IoT and blockchain technologies. The solution also includes active network management tools to address the present ‘structural inertia’ of the distribution grid. PARITY’s solution is expected to increase grid durability and efficiency, facilitating penetration of renewable energy sources in the electricity energy mix beyond 50 %.
Fields of science
- natural sciencescomputer and information sciencesinternetinternet of things
- engineering and technologyenvironmental engineeringenergy and fuelsrenewable energy
- engineering and technologyelectrical engineering, electronic engineering, information engineeringelectrical engineeringpower engineeringelectric power distribution
Programme(s)
Funding Scheme
IA - Innovation action
Coordinator
57001 Thermi Thessaloniki
Greece
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Participants (18)
50018 Zaragoza
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1700 Nicosia
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15232 Chalandri Athina
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
Participation ended
1180 Uccle
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
18194 Churriana De La Vega
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Legal entity other than a subcontractor which is affiliated or legally linked to a participant. The entity carries out work under the conditions laid down in the Grant Agreement, supplies goods or provides services for the action, but did not sign the Grant Agreement. A third party abides by the rules applicable to its related participant under the Grant Agreement with regard to eligibility of costs and control of expenditure.
18194 Granada
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
50004 Zaragoza
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151 24 Marousi
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117 43 Athina
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415 28 Goteborg
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
217 42 Malmo
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6900 Massagno
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6928 Manno
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6582 Pianezzo
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
1020 Wien
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
152 32 Chalandri Attikis
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
48007 Bilbao
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152 34 Chalandri
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.