ABOUT DE-RISK
DE-RISK aims at supporting the market uptake of renewable energy systems by fostering the adoption of LFMs and unlocking up to 100GW of flexibility in 2030 which will allow a safe and reliable integration of RES in the grid
DE-RISK will achieve this ambitious objective by minimizing the investments and implementation risk through an innovative customer behavior change journey that will increase end users’ trust and willingness to participate in the flexibility markets.
DE-RISK has started in October 2022 and will be completed in September 2025.
DE-RISK Integrates Building, Citizen and Grids Digital Twins!
DE-RISK integrates building, citizen and grids digital twins in its flexibility platform capable of reducing the gap between simulation and real implementation thus mitigating potential technical risks during deployment and operational phase. To maximize DE-RISK impact, innovative multi-sided business models will be developed ensuring multi-benefits, fairness and sustainability for all actors while disruptive financial schemes will be validated for democratizing the access to sustainable investments. Finally, a set of experts will develop regulatory recommendations to support a fair, clear and transparent adoption of LFMs.

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.

AIMS OF DE-RISK

Boosting the end-users active participation in the Local Flexibility Markets by deeply understanding their needs and requirements through an innovative behavioral analysismethodology, to then use the results to develop behavior change techniques and their mechanisms of action for engagement, participatory processes
and gamification.

Deploying the low cost DE-RISK digital twin automated platform to assess, validate and unlock the flexibility potential in 4 highly replicable case studies from different regions of EU as per geographical, climatic and regulatory conditions.

Bridging the regulatory gap and road mapping the local flexibility markets in different regulatory and policy frameworks and market maturity conditions starting with use cases and to ensure the seamless implementation of DE-RISK in the participating countries while informing local, national and EU policymakers through dedicated regulatory workshops.

Developing an innovative sustainable business models and financing mechanisms (crowdfunding/ lending, EPC, P2P) to de-risk the upfront investment to ensure a long-term viability and sustainability of the local flexibility markets.

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, Ireland and France

The local flexibility market helps customers better manage network capacity by allowing them to change when and how much electricity they use or how much electricity they produce. Local flexibility markets increase the efficiency and resilience of the local electricity grid.

LFM provides an opportunity for consumers to play a significant role in the operation of the electric grid by reducing or shifting their electricity usage in response to time-based rates or other forms of financial incentives. DR programs are currently being used by some electric system planners and operators, using mainly the flexibility provided by large industrial facilities connected to the high-voltage grid, as resource options for balancing supply and demand. Therefore, the new challenge is to unlock the very high potential of the local flexibility markets in the distribution grid where the main sources of flexibility are residential and tertiary buildings, representing 70% of the total DR potential.

Renewable energy is a type of energy that is continuously or periodically accessed and obtained from natural resources. The most prominent feature of renewable energy is that it is sustainable. It is obtained from natural sources such as sun, wind, biomass, geothermal, wave energy.

Due to the increasing population and changing consumption habits, the world is facing more and more energy needs day by day. Fossil fuels are the largest energy sources currently used. The fact that fossil fuels are non-renewable and the damage they cause to nature brings with it huge problems.