FLEXGRID (2019-2022)

Holistic management
of electricity
grids

Coordinator

Prof. Mr. Emmanuel Varvarigos

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Partners

  1. Institute of Communications and Computer Systems/National Technical University of Athens (Coordinator), Greece
  2. Etra Investigacion y Desarrollo SA, Spain
  3. Smart Innovation Norway AS, Norway
  4. Nord Pool Consulting AS, Norway
  5. NODES AS, Norway
  6. University of Cyprus, Cyprus
  7. University of Zagreb Faculty of Electrical Engineering and Computing, Croatia
  8. Croatian Transmission System Operator (TSO) Ltd., Croatia
  9. WEMAG AG, Germany
  10. BADENOVA AG & CO KG, Germany
  11. Denmark Technical University, Denmark
  12. Austrian Institute of Technology GmbH, Austria
A novel smart grid architecture that facilitates high RES penetration through innovative markets towards efficient interaction between advanced electricity grid management and intelligent stakeholders.

Future smart grids require the effective interaction between energy markets and electricity grid management systems in order to introduce new services and mitigate risks introduced by high renewable energy sources (RES) penetration. The Horizon 2020 project FLEXGRID envisages the orchestration and integration of:

  1. advanced electricity grid models and tools,
  2. flexibility assets’ management tools, and
  3. data analytics and accurate forecasts of the various markets and RES production, in order to guarantee cost-effective and stable electricity grids.

Towards this end, the FLEXGRID project proposes a holistic future smart grid architecture able to accommodate high RES penetration through the advancement, interaction and integration of:

  1. innovative models that are based on recent advances in game theory in order to quantify and highly improve the trade-off between the various future energy markets’ requirements (Real Time, Efficient, Strategy Proof, Competitive, Scalable, Fair and Privacy Protecting) and guarantee, theoretically and in practice, the “fairness” of the equilibrium points that energy markets reach,
  2. grid system models that use optimization theory to achieve more efficient market clearing and Optimal Power Flow (OPF) algorithms to achieve scalability, in a way that must also be Low Overhead, Multi-period, Robust and Network Upgrade Planning Aware, and
  3. innovative Business Models through the use of artificial intelligence, which can be exploited by modern Energy Service Providers (ESPs) and RES Producers (RESPs) to achieve economic and operational benefits through their efficient interaction with FLEXGRID’s advanced markets and electricity grid models.

Project website:

https://flexgrid-project.eu/

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EU program:

EU Horizon 2020

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Related projects:

INVADE Horizon 2020

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This project has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 863876.