BEYOND: Blockchain based ElectricitY trading for the integration Of National and Decentralized local markets
BEYOND aims to integrate local energy systems through implementation of a secure, automatised, decentralised local market based on smart contracts and blockchain technologies
Project Insights
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€199,880
Total Project Costs -
3 yr
Project Duration -
2019
Year Funded
Project Description
The BEYOND project consortia propose a local energy system approach with a strong focus on the participation of all stakeholders. To this end, BEYOND will demonstrate market designs for the integration of local 'smart grids' into centralised grids (transmission system). Blockchain technologies will open new paradigms for the design of new business models for integration of local energy and flexibility markets based on Peer-to-Peer (P2P) and aggregated trading. Current and future market-regulatory frameworks to incentivise local trading will be tested. A special focus lies on: the integration of distributed generation, the rules for local electricity prices, grid services, and the inclusion of digitalisation tools to facilitate local trading in the integration to wholesale markets. To reach TRL 6-7, BEYOND will validate and demonstrate local market designs in four real-life pilots in three different countries. In Ireland, this project will be demonstrated in Dingle in conjunction with ESB Networks. Please note the Total Project Costs included on this page relate to the Irish project partners only. Please refer to the ERA-Net Smart Energy Systems website for further details of international partners.
Project Details
Total Project Cost: €199,880
Funding Agency: SEAI; European Commission
Year Funded: 2019
Lead Organisation: IERC
Collaborators: ESB Networks; Norwegian University of Science and Technology (Norway); SINTEF (Norway); Svartlamoen Boligstiftelse (Norway) TU Wien Energy Economics Group (Austria); University of Applied Sciences (Austria); Forschung Burgenland GmbH (Austria); EXAA Abwicklungsstelle für Energieprodukte AG (Austria); best connect Unternehmergemeinschaft GmbH (Austria); ms.GIS Informationssysteme GmbH (Austria); Sonnenplatz Großschönau GmbH (Austria); Energie Burgenland AG (Austria); MOOSMOAR Energies OG (Austria); FLEXIDA