CFP: COOPERATIVE OWNERSHIP OF FLEXIBILITY ASSETS platform allowing owners of energy assets to join forces and provide flexibility to different electricity markets
Market Maturity: Business Ready
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Market Creation Potential
This innovation was assessed by the JRC’s Market Creation Potential indicator framework as addressing the needs of existing markets and existing customers. Learn more
Location of Key Innovators developing this innovation
CYBERGRID GMBH & CO KG
WEIN, AT Small or Medium Enterprise
The EU-funded Research Project
This innovation was developed under the Horizon 2020 project CROSSBOW with an end date of 31/10/2021
CROSSBOW will propose the shared use of resources to foster cross-border management of variable renewable energies and storage units, enabling a higher penetration of clean energies whilst reducing network operational costs and improving economic benefits of RES and storage units
The objective is to demonstrate a number of different, though complementary, technologies, offering Transmission System Operators higher flexibility and robustness through: 1) A better control of exchange power at interconnection points; 2) new storage solutions – distributed and centralized-, offering ancillary services to operate Virtual Storage Plants (VSP); 3) better ICT and Communications -e.g. better network observability, enabling flexible generation and Demand Response schemas; 4) the definition of a transnational wholesale market, proposing fair and sustainable remuneration for clean energies though the definition of new business models supporting the participation of new players –i.e. aggregators - and the reduction of costs.
The CROSSBOW results will be evaluated by 8 TSOs in Easter Europe, grouped to form clusters that will validate each of the projects outcomes in at least three different countries, demonstrating in all cases how CROSSBOW tackles the transnational challenges faced by these TSOs.
Innnovation Radar's analysis of this innovation is based on data collected on 02/07/2019.