RealValue commenced in June 2015 and is a €15.5m European energy storage project funded by Horizon 2020, the largest Research and Innovation Programme in Europe (€12M funding from the EC). RealValue will use a combination of physical demonstrations in Ireland, Germany and Latvia along with innovative modelling techniques, in order to demonstrate how local small-scale energy storage, optimised across the whole EU energy system, with advanced ICT, could bring benefits to all market participants. The duration of the Project is 36 months.
Homes in Ireland/UK, Germany, Latvia
RealValue will provide an innovative means to mitigate the challenges associated with, and maximise the value of clean energy from renewable sources.
The aim is to demonstrate how small scale energy storage systems, within peoples homes (e.g. Smart Electric Thermal Storage Systems ‘SETS’) can provide benefits to the whole electricity supply chain, from generation and distribution, through to wholesale markets and suppliers and ultimately to the end consumer.
The RealValue consortium is truly unique in that it encompasses the entire energy supply chain.
There are key participants from various specialisms including:
RealValue will demonstrate the effect and quantify the benefits of integrated local small-scale thermal energy storage on: