The four year project, launched in early 2015, is part-funded by the European Commission’s Horizon 2020 research programme, with the aim of addressing flexibility and efficiency within the European energy market, putting focus on consumers and making use of data from smart metering. More specifically, the project’s mission is to create new opportunities for energy business and expand the DSO’s market facilitator role for new services. As neutral players in the market, they can support the creation of new business opportunities and innovative services for end users, based on consumer data collected by smart meters. The initiative marks an important step towards the achievements of 2020 energy consumption and CO2 emissions targets through the development of advanced energy services and the implementation of new policies and market regulations that promote the creation of smart grids, in the process boosting jobs and growth in Europe.
The total budget is €19.1 million, with €13.9 million funded by the EU.
Development and demonstration.
The project will run from February 2015 – February 2019.
EDSO, E-Distribuzione (Coordinator), Endesa Distribución, Enedis, Vattenfall Eldistribution, Verbund AG, Enel Energia, Endesa SA, Vattenfall AB, AGMEM (Malaga City Council), SAP SE, cyberGRID GMBH, SIEMENS, Joule Assets Europe, VaasaET, Fundación CIRCE, Univerza v Ljubljani, KiWi Power
More information: FLEXICIENCY website