PARITY

PARITY addresses the “structural inertia” of existing distribution grids by delivering a transactive grid & market framework that will increase the durability and efficiency of the electrical grid and facilitate the penetration of RES beyond 50% of the generation mix in the distribution network. PARITY will go beyond the traditional “top-down” grid management practices by delivering a unique local flexibility market platform through the seamless integration of IoT and blockchain technologies. By delivering a market for automated flexibility exchange based on smart contracts & blockchain, PARITY will facilitate efficient and transparent local flexibility transactions and reward flexibility in a cost-reflective and symmetric manner, through price signals of higher spatio-temporal granularity based on real-time grid operational constraints and available DER flexibility. Secondly, by deploying State-of-the-Art IoT technologies PARITY will offer distributed intelligence (DER profiling) and self-learning/self-organization capabilities (automated real-time distributed control), orchestrated by the costreflective flexibility market signals generated by the blockchain market platform. Within PARITY, DERs will form dynamic clusters that essentially comprise self-organized networks of active DER nodes that will efficiently distribute and balance global and local intelligence, enabling real-time aggregated & P2P transactions through enhanced forecasting, optimization and control of DER flexibility. Finally, the PARITY solution includes novel tools for Active Network Management, including an innovative STATCOM and PQ monitoring device, that will enable the DSO to enhance its management capabilities, grid observability and RES hosting capacity. The PARITY solution will be demonstrated in 4 pilot sites around the EU (ES, CH, SE & GR) to validate its effectiveness across climatic, cultural and techno-regulatory conditions.

Consortium

ETHNIKO KENTRO EREVNAS KAI TECHNOLOGIKIS ANAPTYXIS (Coordinator) (CERTH), Greece
FUNDACION CIRCE CENTRO DE INVESTIGACION DE RECURSOS Y CONSUMOS ENERGETICOS (CIRCE), Spain
EDEX – EDUCATIONAL EXCELLENCE CORPORATION LIMITED (UNICOSIA), Cyprus
HYPERTECH (CHAIPERTEK) ANONYMOS VIOMICHANIKI EMPORIKI ETAIREIA PLIROFORIKIS KAI NEON TECHNOLOGION (HYPERTECH), Greece
MERIT CONSULTING HOUSE (MERIT), Belgium
MONTAJES ELECTRICOS CUERVA S.L. (CUERVA), Spain
SISTEMAS URBANOS DE ENERGIAS RENOVABLES SL (URBENER), Spain
BUILDING FACILITY SERVICES PAROCHIYPIRESION ANONYMI ETAIREIA (BFS), Greece
DIACHEIRISTIS ELLINIKOU DIKTYOU DIANOMIS ELEKTRIKIS ENERGEIAS AE (HEDNO), Greece
CHECKWATT AB (CWATT), Sweden
E.ON ENERGILOSNIGAR AKTIEBOLAG (E.ON), Sweden
AZIENDA ELETTRICA DI MASSAGNO (AEM) SA (AEM), Switzerland
SCUOLA UNIVERSITARIA PROFESSIONALE DELLA SVIZZERA ITALIANA (SUPSI), Switzerland
HIVE POWER SAGL (HIVE), Switzerland
E7 ENERGIE MARKT ANALYSE (E7), Austria
QUE TECHNOLOGIES KEFALAIOUCHIKI ETAIREIA (QUE), Greece
UNIVERSIDAD DE LA IGLESIA DE DEUSTO ENTIDAD RELIGIOSA (UDEUSTO), Spain