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Geco Global

GECO GLOBAL APS
Country: Denmark
8 Projects, page 1 of 2
  • Funder: European Commission Project Code: 872734
    Overall Budget: 12,611,300 EURFunder Contribution: 9,929,240 EUR

    The transition to the smart grid era is associated with the creation of a meshed network of data contributors that necessitates for the transformation of the traditional top-down business model, where power system optimization relied on centralized decisions based on data silos preserved by stakeholders, to a more horizontal one in which optimization decisions are based on interconnected data assets and collective intelligence. Consequently, the need for “end-to-end” coordination between the electricity stakeholders, not only in business terms but also in exchanging information is becoming a necessity to enable the enhancement of electricity networks’ stability and resilience, while satisfying individual business process optimization targets of all stakeholders involved in the value chain. SYNERGY introduces a novel reference big data architecture and platform that leverages data, primary or secondarily related to the electricity domain, coming from diverse sources (APIs, historical data, statistics, sensors/ IoT, weather, energy markets and various other open data sources) to help electricity stakeholders to simultaneously enhance their data reach, improve their internal intelligence on electricity-related optimization functions, while getting involved in novel data (intelligence) sharing/trading models, in order to shift individual decision-making at a collective intelligence level. To this end SYNERGY will develop a highly effective a Big Energy Data Platform and AI Analytics Marketplace, accompanied by big data-enabled applications for the totality of electricity value chain stakeholders (altogether integrated in the SYNERGY Big Data-driven EaaS Framework). SYNERGY will be validated in 5 large-scale demonstrators, in Greece, Spain, Austria, Finland and Croatia involving diverse actors and data sources, heterogeneous energy assets, varied voltage levels and network conditions and spanning different climatic, demographic and cultural characteristics.

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  • Funder: European Commission Project Code: 824392
    Overall Budget: 10,643,000 EURFunder Contribution: 7,940,100 EUR

    An increasing role is foreseen in Europe for local energy communities (LECs) to speed up the grid integration of RES. To-day, the enabling role of DSOs in support of LECs is hampered by a lack of flexibility when planning cost-efficient LEC connections to their network at MV level, and by a lack of digitalization of the LV networks to make LEC’s smart prosumers benefit economically when serving the DSO flexibility needs. Four European DSOs (E.ON, ENEDIS, E.DIS, Güssing Stadtwerke) and an Indian DSO (TATA) have joined with IT-based, innovative product and solution providers, and technology and research centers, to demonstrate the combined roles of innovative functionalities serving the MV and LV networks, when implemented in 5 different regulatory regimes (Austria, France, Hungary, Germany, India- state of Delhi-). For MV networks, a mobile storage concept at substation level is demonstrated in Hungary, Germany and Austria. It enables DSOs to reduce investment uncertainties, avoid hindering future renewables connection and foster the local use of flexibility with participating non-regulated market solutions (Demand Side Response-DR-). For LV networks, 3 functional use cases served by ATOS and Schneider are tested simultaneously in Austria and India with prosumer support: i) Forecasting/scheduling of Distributed Energy Resources for the optimized energy management of Local Energy Systems, ii) Customized, human-centric prosumer participation in explicit DR programs using context-aware flexibility profiles, iii) Grid-forming/islanding capabilities in Local Energy Communities to optimize their energy system resilience. The joint work of DSOS aims at accelerating scaling up and replication tested by HEDNO (Greece) and E.ON (Sweden). Dissemination towards players of the energy value chain recommends business models, possible regulatory adjustments and deployment roadmaps of the most promising use cases, in support of the implementation of the Clean Energy Package.

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  • Funder: European Commission Project Code: 847066
    Overall Budget: 1,968,010 EURFunder Contribution: 1,968,010 EUR

    The Energy Performance Contracting (EPC) model has been successful in attracting investments in energy efficiency, but mainly for single, large projects. Energy efficiency programs, on the other hand, constitute an alternative path to scaling up the number of buildings that implement energy efficiency interventions, but the practice of rebates and incentives that are paid up front creates a need to rely on deemed energy savings and on complex and costly regulations that hinder innovation. SENSEI will propose a solution to this deadlock. Building on earlier successful experimentation outside of the EU, we will design concepts and business models that will help: (a) generate new sources of benefits that increase the value of an energy retrofit project by enabling the compensation of energy efficiency as an energy resource, and (b) turn the project’s value into an investable asset to attract private financing. The main concept underlying the SENSEI business models is pay-for-performance (P4P), which offers an effective way to engage both energy providers and third-party investorsin energy efficiency. SENSEI will first elaborate P4P schemes for financing energy efficiency that can be implemented across the EU, and then integrate these P4P schemes with the preparation and implementation stages of the EPC model, with the intention of increasing and/or financing the gains in a building’s value that are produced by energy efficiency improvements. The developed concepts will utilize actual building data and the consortium’s competences to carry out a series of negotiation games among all SENSEI parties – representing all links in the EPC and P4P chain. The project has planned a series of activities to both disseminate the insights from these games and to support stakeholders in using our recommendations with the goal of rolling out the first P4P pilots in the EU.

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  • Funder: European Commission Project Code: 885395
    Overall Budget: 1,393,060 EURFunder Contribution: 1,393,060 EUR

    One of the principal challenges to increasing energy efficiency investments (EEI) is the lack of statistical data on the actual energy and costs savings achieved with them. Data is still hard to access because it is decentralized and in different formats. Consequently, only a small part of this can be used to produce reliable empirical evidence on the performance of the EEI. EN-TRACK will meet this challenge by enabling an interoperable ecosystem of data and tools supporting building refurbishment decision making, putting it into practice with the financial sector. EN-TRACK builds on an existing infrastructure enabling massive data gathering, making the data comparable and interoperable with other existing databases, analysing this data and offering relevant results to key stakeholders. This will support better (more informed, more transparent and faster) decision-making, contribute to the de-risking of investments in energy efficiency in buildings and facilitate process of closing investment deals. Enabling interoperability with most currently active databases and tools (DEEP, eQuad, EnerInvest, etc.) will lead to an unambiguous data exchange based services ecosystem with low transactional costs. This is a big step towards making energy efficiency investments a mainstream activity of the financial sector. EN-TRACK is a three-year project that will directly involve over 35 financial institutions and 100 key stakeholders with a buildings stock investment capacity of over 442M€, trigger over 23M€ in investments and expects to be achieving annual savings of over 38GWh/yr and 17ktCO2eq/yr by the end of the project. EN-TRACK will become self-sustainable and x10 expansion 5 years post-project is anticipated. The EN-TRACK consortium is a team of 7 from 5 EU countries that includes data and analytical skills, buildings access, leading figures in the energy efficiency financing field, links to the key initiatives (DEEP, EEFIG, etc.), and professional communications skills.

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  • Funder: European Commission Project Code: 957781
    Overall Budget: 7,458,200 EURFunder Contribution: 5,862,480 EUR

    Penetration of renewables is a no-regrets option for energy system decarbonization. Despite their benefits for the energy system, the grid integration of variable RES presents major challenges in matching their non-deterministic output to electricity demand. Resolving this necessitates the deployment and penetration of several solutions, a key on being demand response, which in turn depends on the role of prosumers with regards to their engagement with the energy system. Demand flexibility from residential buildings is the main untapped source of flexibility currently in the market and promises significant flexibility potential, especially taking into account the electrification of heat and transport mega-trends. Energy communities are a promising organizational vehicle for involving citizens – who directly control residential demand - in the energy transition, but currently lack the necessary tools to exploit the available opportunities and create financially viable operations based on the provision of services that citizens want. ACCEPT aims to fill this gap by delivering a digital toolbox that energy communities can use to: i) offer innovative and desired digital services, complementing their existing non-digital services to their members and customers, and ii) gain access to revenue streams that can financially support their operations and ensure longevity and well-functioning of the community itself. To achieve this, the ACCEPT consortium is framing the citizen engagement and business modelling activities in the same priority as the technical development ones. Their intertwined implementation will be the critical success factor for the delivery of the ACCEPT solution as a Minimum Viable Product that has already passed preliminary market testing and financial viability checks. The ACCEPT outcomes will be demonstrated and validated in four pilot sites in the Netherlands, Spain, Switzerland and Greece, directly involving more than 750 residences and 3000 citizens.

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