Nobel Grid: New Cost Efficient Business Models for Flexible Smart Grids

The project provides advanced tools and ICT services to all actors in the Smart Grid and retail electricity market in order to ensure benefits from cheaper prices, more secure and stable grids and clean electricity as well as identifying a new cost-efficient business models for flexible smart grids.

Nobel Grid is a project funded by the European Union’s Horizon 2020 research and innovation programme.

The project develops, deploys and evaluates advanced tools and ICT services for Distribution System Operators (DSOs) and electric cooperatives. It enables active consumers’ involvement, i.e., demand response (DR) schemas and flexibility of the market, new business models for aggregators and Energy Service Companies (ESCO) and integration of distributed renewable energy production.

Through the dual-use of telecommunication networks, and by validating the integration of distributed renewable generation and demand response systems, Nobel Grid offers advanced services, not only to DSO’s but to all actors in the distribution grid and retail electricity market in order to ensure that EU citizens benefit from better prices, more secure and stable grids and renewable electricity supply.

Project results are demonstrated and validated in 5 real world environments (i.e. Italy, UK, Spain, Belgium, Greece) with active involvement of all the actors, and based on the new business models defined by the project.

Within the project, Engineering plays an important role, especially in the definition and application of privacy by design and privacy by default approaches as well as the identification and proposition of new European Regulatory polices of the upcoming new Energy Market.

Furthermore, Engineering leads the design, development and test of the Demand Response Flexibility Market (DRFM) cockpit. The DRFM is a decision support system that maximizes the performance of consumers’ portfolios of aggregators, ESCOs and retailers and facilitates DR and Distributed Energy Resource (DER) in technical and financial terms. Engineering also provides a smartphone app for engaging citizens in the Energy Market participation.

Finally, Engineering is the official ICT supporter of ASM Terni for deploying the new generation of smart meters in the ASM Terni premises.

nobelgrid.eu