The European 2020 and 2030 targets for renewable energy, greenhouse gas emission and energy efficiency require important changes in the energy system. In particular there is a growing need for more flexibility to ensure the efficient and reliable operation of the electricity system.
MAGNITUDE aims to develop business and market mechanisms, as well as supporting coordination tools to provide flexibility to the European electricity system, by enhancing synergies between electricity, heating/cooling and gas systems. The project will address the challenge to bring under a common framework, technical solutions, market design and business models.
More specifically the main objectives of MAGNITUDE are to:
- Provide technological and operational tools to enable the provision of flexibility to the electricity system by multi-energy systems.
- Develop enhanced business and market mechanisms and identify potential regulatory evolutions to exploit the full potential value of the flexibility provided.
- Validate the project results on 7 real life case studies of multi-energy systems of different sizes and technological features, located in 7 European countries.
- Propose recommendations and contribute to the definition of policy strategies in a pan-European perspective. Spread the project achievements towards stakeholders in the electricity, heat and gas sectors to raise awareness and foster a higher collaboration.
- FLEXIBILITY SERVICES:
MAGNITUDE will demonstrate that multi energy systems have great potential for the provision of flexibility services for electricity systems and support of EU Climate Policy.
- BUSINESS MODELS, MARKET MECHANISM & VALUE CHAIN:
MAGNITUDE will also address the value chain from technology to markets taking into account regulatory barriers and will provide business models and market mechanisms for the provision of the flexibility services.
- TOOLS & METHODOLOGY:
MAGNITUDE will develop
– Tools for multi-energy system simulation and analysis
– Multi-energy market simulator to be applied on several case studies for different market designs.
– Multi-energy agregation platform for provision of flexibilities
– Optimization strategies and algorithms for flexibility maximisation.
- CASE STUDIES:
The chosen case studies based on up to date technologies and systems will cover the main EU relevant countries. Thus the assessments carried out wilI maximise the expected dissemination and exploitation of the solutions.
The project is coordinated by EDF and the consortium brings together 16 partners from 9 European countries (France, Austria, UK, Italy, Spain, Belgium, Sweden, Denmark, and Germany) with the following profiles:
- Industrial organisations: EDF, ENGINEERING INGEGNERIA INFORMATICA , A2A Calore & Servizi
- SMEs: CYBERGRID, REGENERA, N-SIDE, EFFICACITY, AGUAS DE MURCIA, ARTTIC
- Research organisations: VITO, RSE, EIFER
- Universities: DTU, MALARDALEN UNIVERSITY, CARDIFF UNIVERSITY
- International association: Euroheat & Power.
October 2017 to March 2021
Horizon 2020 research and innovation programme