INTO THE FUTURE: RESOLVD will design, develop and test new power electronic devices and optimisation tools. The goal is to improve efficiency and hosting capacity of existing low voltage distribution networks. (Photo by: Shutterstock.com)
RESOLVD: Smart Innovation Norway Wins 9th EU project
The Norwegian company Smart Innovation Norway has won European Commission funding for another Horizon 2020 proposal, called RESOLVD.
By Mari Kristine Buckholm, 26 May 2017
Smart Innovation Norway is one of seven partners on the 3,9 million Euro project, which will be coordinated by The University of Girona.
The aim of the RESOLVD project is to improve efficiency and hosting capacity of existing low voltage distribution networks by providing mechanisms to reinforce the role of Distribution System Operators (DSOs) as market facilitators.
DSOs are the key players for enabling a successful energy transition. Increased distributed resources means less energy transmission loss as generation is closer to consumption.
“The mechanisms developed during the project will provide more cost-effective energy production, which will benefit customers in the form of cheaper electricity”, says Research & Innovation Coordinator at Smart Innovation Norway, Heidi Tuiskula.
“RESOLVD will do this by designing, developing and testing new power electronic devices and optimisation tools that are connected with various grid optimisation algorithms, which can operate low voltage grids and provide flexibility”, adds Tuiskula.
“Our goal is a more efficient and smarter low voltage distribution grid”, explains Tuiskula, who will also be the Innovation Manager on the project.
Ninth EU project
Smart Innovation Norway (SIN) is one of seven European partners participating on the Horizon 2020 RESOLVD project, which is their ninth project to win European Union funding.
SIN, which will be responsible for about 20 percent of the 3-year project scheduled to commence in the fall of 2017, will lead research on new business models, standardisation and project exploitation.
“SIN’s role entails studying the current regulatory framework, stakeholders and financial structures around the distribution grid operation. We will identify new possibilities arising from novel technologies and changes in the ecosystem, and how they impact the energy sector’s business layer”, says Tuiskula.
“Our first aim is to understand current business models and their structure. Secondly, we will develop, validate and describe new business models, including the current regulatory barriers. Thirdly, SIN will investigate exploitation possibilities for tools and devices that will be developed during the project,” she explains.
What is Horizon 2020?
- The biggest EU Research and Innovation programme ever.
- It has nearly 80 billion euros of funding available over seven years (2014 to 2020) – in addition to the private investment that this money will attract.
- The programme promises more breakthroughs, discoveries and world-firsts by taking great ideas from the lab to the market.