Motivation & Impact
LFMs provide an opportunity for consumers to play a significant role in the operation of the electric grid by reducing or shifting their electricity usage in response to time-based rates or other forms of financial incentives. DE-RISK aims at de-risking the adoption of local flexibility markets to unlock the full demand response potential of residential and tertiary buildings, and therefore supporting the market uptake of RES. DE-RISK will deliver:
i) an holistic solution to facilitate the adoption of LFMs demonstrated in 4 highly replicable case studies;
ii) a consumer behaviour change journey to increase user participation by 50%;
iii) up to 25% increase of the hosting capacity of variable RES in the distribution grid by exposing and optimizing flexible loads to the grid operators for affordably and emission free balance the grid;
iv) a Digital Twin aggregation platform paired with multi-sided business models and innovative financial schemes, including one crowdlending campaign; and
v) a policy & regulatory recommendations package for 10 EU countries.
Role of R2M
R2M Solution, as an integrated and multi-disciplinary engineering company, serves as the Project Manager of the DE-RISK project, supporting WEglobal on the coordination activities and being responsible for the elaboration and maintenance of the Data Management Plan. R2M will also leverage its ESCO business perspective to lead the project’s exploitation activities, developing innovative Local Flexibility Business Models that will ensure multi-benefits, fairness and sustainability for all actors, as well as performing and Scalability and Replicability Analysis to evaluate the potential of the DE-RISK technological solutions. Moreover, R2M leads the demonstration activities in La Balma pilot site in Barcelona (Spain).