About the Project
Decreasing the risk of adopting Local Flexibility Markets by implementing Renewable Energy Systems
About the project:
DE-RISK aims at supporting the market uptake of renewable energy systems by fostering the adoption of Local Flexibility Markets (LFMs)and unlocking up to 100GW of flexibility in 2030 which will allow safe and reliable integration of RES in the grid. DE-RISK will achieve this ambitious objective by minimizing the investments and implementation risk through an innovative customer behaviour change journey that will increase end users' trust and willingness to participate in the flexibility markets.
Main objectives and activities:
- DE-RISK integrates building, citizen and grid digital twins in its flexibility platform, capable of reducing the gap between simulation and real implementation, thus mitigating potential technical risks during the deployment and operational phase;
- Within the scope of the project, innovative multi-sided business models will be developed, ensuring multi-benefits, fairness and sustainability for all actors, while disruptive financial schemes will be validated for democratizing access to sustainable investments;
- Finally, experts will develop regulatory recommendations to support a fair, clear, and transparent adoption of LFMs.