Welcome to PARITY Main Mission

“The aspiration of PARITY project is to address the “structural inertia” of existing distribution grids by delivering a transactive grid & market framework. 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 based on real-time grid operational constraints and available DER flexibility. 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 cost- reflective 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 vision

the parity vision

PARITY addresses the “structural inertia” of DGs by delivering a transactive flexibility framework that will increase durability and efficiency of the electrical grid, while simultaneously enabling the adoption of more RES through enhanced real- time control of DER Flexibility combined with novel Active Network Management functionalities.

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objectives

The PARITY project focuses on 6 main objectives:

Partners

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Local flexibility and production will be the core of the energy transition. #PARITY is providing both technological and market-based evidence (testing it on pilot sites) that may work and can be profitable from now on, on behalf of local communities and the whole #EU. @AEMinfo

Flexibility to be traded for ancillary services needs to meet market requirements @ENTSO_E #TSO. What kind of flexibility is suitable, how can portfolios be aggregated and human-centricity improved? We wish you a pleasant summer, stay safe #coronavirus & tuned #PARITY!

The topic of Performance Measurement and Verification (PMV) is one #PARITY focus. How can power flexibility delivery e.g. from aggregated heat pumps be separated from regular use? If PMV requirements are set too strict costs rise - if too mild the system opens for misuse.

With the innovative PARITY market framework , DSOs can enhance their role and use #flexibility to increase the grid durability and efficiency, while facilitating more RES. For HEDNO, Greek DSO, is a great opportunity to examine novel solutions for future exploitation in #Greece

In #Greece, Parity project is going to be demonstrated and validated in 40 different houses, 3 petrol stations and one commercial building, under the responsibility of BFS SA. Stay tuned for updates. @EU_H2020 @inea_eu

A successful #webinar was organized by the Spanish system operator on the QH Programming project and the evolution of the tertiary regulation market @EU_H2020 @inea_eu https://t.co/oCPz2sjvBO Parity_H2020 photo

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This project has received funding from the European Union’s Horizon 2020 Framework Programme for Research and Innovation under grant agreement no. 864319

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