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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Learn about how PARITY's technologies are enabling energy customers and communities to participate actively in the energy transition. Tune in to this year's @sustainplaces, starting on the 28th of September in Rome! A presto!

PARITY will participate in the "Fast Track on Energy Communities" #workshop of the #SustainablePlaces2021 Conference (28-29th September). See you there!

For more information, you can visit https://t.co/bDSnMvUkNx"
@sustainplaces

Our last paper about the structural gap analysis of the emerging concept of hybrid LEMs/LFMs models, has been presented in @SpliTechConf 2021.

Exploiting aggregated small-scale DER flexibility through trading in different markets while considering both DSO and prosumer needs, is of high value. The under development Aggregator Toolset of @Parity_H2020 shall form dynamic Virtual Power Plants to address this challenge.

With @Parity_H2020 you are in thermal #comfort even during summer heat waves while you secure #green_energy supply, you remain #cost_efficient and you help #grid_stability with #ΙοΤ and #Blockchain Technology. Stay tuned!

In the latest @Parity_H2020 publication, partners from e7, University of Nicosia ( @Uni_of_Nicosia), and University of Deusto ( @deusto) have presented the PARITY market model to overcome barriers to local energy and flexibility markets in Europe.

https://t.co/K48tRTEUGk

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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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