Proposal ID: 863876
ICCS project ID: 63109300
Role: Coordinator
Acronym: FLEXGRID
Topic: LC-SC3-ES-6-2019
Type of action: RIA
Call identifier: H2020-LC-SC3-2018-2019-2020

FLEXGRID: A novel smart grid architecture that facilitates high RES penetration through innovative markets towards efficient interaction between advanced electricity grid management and intelligent stakeholders

Duration in months: 36
Fixed keyword 1: Energy systems, smart energy, smart grids, wireless energy transfer
Free keywords: flexibility marketplace, smart grid and energy markets' interaction, advanced OPF models, advanced pricing models, high RES penetration

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 RES penetration. FLEXGRID envisages the orchestration and integration of: i) advanced electricity grid models and tools, ii) flexibility assets’ management tools, and iii) 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, FLEXGRID project proposes a holistic future smart grid architecture able to accommodate high RES penetration through the advancement, interaction and integration of: i) 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, ii) 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 iii) 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.
FLEXGRID will help: i) DSOs/TSOs manage safely and at low cost their electricity grid by interacting with ESPs and RESPs through novel flexibility market procedures, ii) modern ESPs become more competitive and sustainable,and iii) RESPs optimally compose and exploit their production in a risk-averse manner by making their RES generation dispatchable.

Lab URL: http://hscnl.ece.ntua.gr/
Project URL: https://flexgrid-project.eu