#LocalFlexibilityMarket
A locally established market created to respond to changes in energy demand. It enables the sharing of excess energy between individuals and energy producers.
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#Sustainability
A philosophy that balances the use of resources while considering future generations. It promotes clean and renewable energy, reducing environmental impacts.
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#RenewableEnergy
Energy obtained from natural sources that are continually replenished. Sources include solar, wind, biomass and water, which are cleaner and more environmentally friendly compared to fossil fuels.
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DE-RISK PROJECT
DE-RISK is a project that will run from 2022 to 2025 and aims to promote the market acceptance of renewable energy systems by providing up to 100 GW of flexibility by 2030. Utilizing an innovative customer behavior change process, it seeks to minimize investments and risks.
Additionally, it integrates digital twins and multi-sided business models to reduce technical risks and enhance sustainability. Moreover, it develops regulatory recommendations to ensure fair and transparent adoption of flexibility markets.
Flexibility on the consumers´ side is the ability of all electricity users to increase or decrease consumption at certain times, when the availability of renewable energies, lower energy prices, or similar factors generate a benefit for us and for the electricity system.
OBJECTIVES of DE-RISK:
OBJECTIVE 1
ENGAGE END CONSUMERS TO TAKE AN ACTIVE PART IN THE ENERGY SYSTEM BECOMING FLEXIBLE CONSUMERS
DE-RISK will motivate and engage customers to influence the energy demand curve, participate in flexibility sharing and become an active part of the underlying local flexibility market.
OBJECTIVE 2
INCREASE THE CAPACITY OF THE SYSTEM TO HOST RENEWABLE ENERGY THANKS TO THE FLEXIBILITY PROVIDED BY CONSUMERS, MINIMIZING THE RISKS FOR THE SYSTEM.
DE-RISK will develop parameterizable digital twin models to streamlining the work of a system integrators and aggregators to perform high accuracy simulation before physical integration and operation and be confident in 100% error-free commissioning.
OBJECTIVE 3
EXPOSE THE CHALLENGES AND MAKE REGULATORY RECOMMENDATIONS TO FACILITATE THE SPREAD OF LOCAL FLEXIBILITY.
DE-RISK will do State-of-the-art regulatory analysis of the local flexibility markets and provide open, evidence based, modern and transparent guidelines targeting high impact local, national and EU policy makers.
OBJECTIVE 4
LEVERAGE THE ADOPTION OF LOCAL FLEXIBILITY MARKETS AND RES INVESTMENTS
DE-RISK will explore new business opportunities through innovative multi-sided business models to support all actors in the LFMS while analysing and validating new financial schemes to democratize the access to RES investments schemes and boost RES market uptake.
OBJECTIVE 5
DEMONSTRATE THE GLOBAL SOLUTION OF DE-RISK TO GUARANTEE ITS REPLICABILITY AND SCALABILITY
DE-RISK will demonstrate multidisciplinary integrated solution at 4 sites operating under different energy market, regulatory and climatic conditions in Spain, Ireland and Turkey over a period of at least 12 months.
DE-RISK will support the market uptake of RES by de-risking the adoption of Local Flexibility Markets to increase the RES hosting capacity of the distribution network.
High accuracy simulations de-risking the investments, implementation and operation.
Increase User Engagement and active participation in LFMs
Ensure long-term and sustainable benefits across the LFMs value chain.
Ensure fairness and competitiveness in adoption and operation of the LFMs
Democratize the access to sustainable investments,
Demonstrate De-Risk holistic solution in 4 case studies located in Türkiye, Spain and Ireland
INSTAGRAM DE-RISK
