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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PARITY will seek, pinpoint and analyze the adoption and use of technologies #iot, #blockchain, #smartcontracts in LFMs. A technological gap analysis is also on track with the aim to reveal technological innovation potential for the PARITY LFM services, to be published in October. https://t.co/f4X472y47u Parity_H2020 photo

The investigation of the existing and future Local Flexibility Markets ( #LFM) in Europe through an in-depth analysis is on-going in #PARITY. A flexibility market platform is an IT place where buyers and sellers meet to trade flexibility and facilitate energy trading. @EU_H2020

Towards this direction an extensive #market #opportunity #analysis for #LFM tools and services has completed within the @PARITY project and will be updated regularly based on the current market trends. @EU_H2020 @inea_eu
@Uni_of_Nicosia @IFFunic (2/2) https://t.co/22tvO6AJjl
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Based on the @EU, by the end of 2020, greenhouse gas emissions will be reduced by 20% compared to 1990, 20% of the energy consumed will be produced from #RES and will have consumed 20% less energy (1/2).

PARITY project started its participation to the working groups and task forces of the BRIDGE EC initiative, including the new Research & Innovation priorities Task Force. BRIDGE unites H2020 Smart Grid and Energy Storage Projects. @EU_H2020 @inea_eu @CERTHellas @BRIDGE_H2020

PARITY project is participating to the working groups and task forces of the BRIDGE EC initiative, including the new Research & Innovation priorities Task Force. BRIDGE ( https://t.co/MTAULG8N8b) unites H2020 Smart Grid and Energy Storage Projects. @EU_H2020 @inea_eu @BRIDGE_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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