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 @QueTechnologies team is testing new innovative SLAs in lab trials for #energy and #flexibility! Achieve #Comfort, get #GreenEnergy, drive #electric through #Blockchain. Stay tuned!

In our local market model, we draw a clear line between #energy and #flexibility services as proposed by @USEFsmartenergy. Whereas energy services affect the amount of energy that is consumed, flexibility services focus on time limited changes to the energy profile.
@EU_H2020

Inter-Blockchain Communication ( #IBC) transfers launched onto the Cosmos Hub last Monday, March 29th.
@Parity_H2020 Cosmos sidechain is now interoperable with other blockchain projects and use cases in a secure, reliable and eco-friendly way. Stay tuned!!

The @PARITY_H2020 solution includes the installation of stationary batteries to enable distributed flexibility. Our project partners in #Sweden are setting up 170kWh of NiMH batteries over two locations, in order to make this happen. Stay Tuned! @EON_Nordic @EU_H2020

#event #online #H2020projects
Join our joint workshop with @Interpreter2020 for Diego Casado-Mansilla’s analysis on novel Consumer/People-centric design of new P2P based LFM that gets rid of overarching barriers for stakeholders adoption.

https://t.co/9NnTA8QLmu https://t.co/R5jqD5Mo2a
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Precise and fair economic incentives are key to an efficient electrical system. The @Parity_H2020 solution provides tools for implementation of such incentives on a local scale.
@EU_H2020

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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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