CORDIS
EU research results

CORDIS

English EN

Scaling-up Power Flexible Communities business models empowered by Blockchain and AI

Project information

Grant agreement ID: 870146

Status

Ongoing project

  • Start date

    1 December 2019

  • End date

    30 November 2021

Funded under:

H2020-EU.3.

H2020-EU.2.1.

  • Overall budget:

    € 3 782 229,16

  • EU contribution

    € 2 991 060,41

Coordinated by:

VIRTUAL POWER SOLUTIONS SA

Portugal

Project description

English EN

Improving control over energy demand and cost

Businesses' need for energy has increased dramatically over the years. To satiate this need, companies had to buy more and more energy with little ability to control the precise amount or price. This in our modern world is emphasised by the problem posed by climate change, a problem that this lack of control over energy provision is aiding. The EU-funded FleXunity project will provide a new and innovative series of services that will assist retailers and community members with minimising energy costs while also improving their flexibility when it comes to demand. The project plans to do this by using a virtual power plant technology accompanied by AI algorithms focused on minimising energy costs.

Coordinator

VIRTUAL POWER SOLUTIONS SA

Address

Rua Pedro Nunes Edificio D
3030 199 Coimbra

Portugal

Activity type

Private for-profit entities (excluding Higher or Secondary Education Establishments)

EU Contribution

€ 927 704,16

Participants (4)

LAPPEENRANNAN-LAHDEN TEKNILLINEN YLIOPISTO LUT

Finland

EU Contribution

€ 446 912,50

ELECTRIC CORBY COMMUNITY INTEREST COMPANY

United Kingdom

EU Contribution

€ 698 087,50

SIMPLES ENERGIA DE ESPANA SL

Spain

EU Contribution

€ 602 656,25

CENTRO DE INVESTIGACAO EM ENERGIA REN - STATE GRID SA

Portugal

EU Contribution

€ 315 700

Project information

Grant agreement ID: 870146

Status

Ongoing project

  • Start date

    1 December 2019

  • End date

    30 November 2021

Funded under:

H2020-EU.3.

H2020-EU.2.1.

  • Overall budget:

    € 3 782 229,16

  • EU contribution

    € 2 991 060,41

Coordinated by:

VIRTUAL POWER SOLUTIONS SA

Portugal