Project description
Incentivising change in energy supply and demand
Local flexibility markets (LFMs) provide an opportunity for consumers to play a significant role in the operation of the electric grid by reducing or shifting their electricity usage in response to time-based rates or other forms of financial incentives. The EU-funded DE-RISK project aims at boosting the end-users' active participation in the LFMs by: deeply understanding their needs; deploying the low-cost DE-RISK digital twin automated platform to assess, validate and unlock the flexibility potential in four highly replicable case studies; bridging the regulatory gap and roadmapping the LFMs in different regulatory and policy frameworks and market maturity conditions; and developing and validating innovative business models and financing mechanisms to de-risk the upfront investment to ensure the long-term viability and sustainability of the LFMs.
Fields of science
Keywords
Programme(s)
Funding Scheme
CSA - Coordination and support action
Coordinator
06805 Ankara
Türkiye
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Participants (10)
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.
17100 Canakkale
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16050 Bursa
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H91 Galway
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1099 085 Lisboa
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30100 Espinardo
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
28033 Madrid
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
1124 Sofia
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08036 Barcelona
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
06560 Valbonne Sophia Antipolis
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.