WEglobal, as the Project Coordinator, is proud to announce its first Horizon Europe Project, i.e. “DE-RISK: The adoption of Local Flexibility Markets to unlock the safe and reliable mass deployment of Renewable Energy Systems” funded by the European Commission.
DE-RISK aims to support the market uptake of renewable energy systems (RES) 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.
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, transparent adoption of LFMs.
The project officially started on October 1st, 2022 and has a duration of 36 months.
