THE PARITY SOLUTION
01
A smart contract enabled, blockchain based local flexibility market platform (LFM) which will facilitate both peer- to-peer energy/flexibility transactions as well as the sell/purchase of flexibility to Smart Grid actors. Energy/flexibility credits will be used to stimulate liquidity in the local market and to provide the means for market coupling with national energy & ancillary service markets through a mechanism that will link these virtual credits to actual currency.
02
IoT enabled DER Flexibility management tools – both in a peer-to-peer distributed fashion, but also through a centralised aggregator – that range from tools that uncover latent demand flexibility in building (e.g. P2H solutions) and flexibility from sources not yet fully exploited in the current market landscape (e.g. EVs) to tools for collecting, coordinating and controlling these distributed flexibility sources, in cases of failure of the local flexibility market.
03
Smart Grid monitoring and management tools to enable the DSO to optimally manage the low voltage distribution network in the presence of increasing intermittent RES penetration and with the aim to contain the problems they create to grid stability. These tools will comprise both software tools for the real-time monitoring and control of the network assets as well as an innovative grid component (STATCOM) which can physically manage power flows on the grid and facilitate the containment of instability and its resolution via services for power quality restoration.
Parity Solution
The PARITY SOLUTION
PARITY aims to enable the set-up and operation of local flexibility markets at the distribution network level via a holistic offering encompassing:
01
A smart contract enabled, blockchain based local flexibility market platform (LFM) which will facilitate both peer- to-peer energy/flexibility transactions as well as the sell/purchase of flexibility to Smart Grid actors. Energy/flexibility credits will be used to stimulate liquidity in the local market and to provide the means for market coupling with national energy & ancillary service markets through a mechanism that will link these virtual credits to actual currency.
02
IoT enabled DER Flexibility management tools – both in a peer-to-peer distributed fashion, but also through a centralised aggregator – that range from tools that uncover latent demand flexibility in building (e.g. P2H solutions) and flexibility from sources not yet fully exploited in the current market landscape (e.g. EVs) to tools for collecting, coordinating and controlling these distributed flexibility sources, in cases of failure of the local flexibility market.
03
Smart Grid monitoring and management tools to enable the DSO to optimally manage the low voltage distribution network in the presence of increasing intermittent RES penetration and with the aim to contain the problems they create to grid stability. These tools will comprise both software tools for the real-time monitoring and control of the network assets as well as an innovative grid component (STATCOM) which can physically manage power flows on the grid and facilitate the containment of instability and its resolution via services for power quality restoration.
