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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The new 50kW solar power plant in Escúzar( @Cuerva pilot site) will be available to test the different #flexibility tools developed within @Parity_H2020, facilitating the creation of an #energycommunity to explore and validate the different business models framed in the project https://t.co/tcFPQXH9rM Parity_H2020 photo
PARITY project is pleased to announce its participation in the #EREDES event “Real progress along the road to flexibility”, along with 9 other EU funded projects, that will take place in Porto May 10th.
https://t.co/afZWrmUHTr
Smart charging gives a large potential for improving grid reliability and flexibility and plays an important role in exploiting the benefits that derive from the implementation of V2G technology. AI-driven algorithms implemented in @Parity_H2020 are ready to be tested! @supsi_ch
We are getting closer to the implementation of the PARITY solution for the Greek demonstration sites! Commissioning of materials for the commercial building and most of the residential edifices has started!
Deployment of IoT devices (incl. the IoT gateway) is currently underway and it will soon be completed for all the PARITY pilot buildings. Stay tuned!
P2P markets are the way to go in order to decarbonize the energy sector!
Good to know that others researchers
( https://t.co/frmHDunWjT) have found similar results to our's ( https://t.co/Q8g3KR6KHw):

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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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