Energy Web joins the OPENTUNITY consortium to open electricity ecosystems to decarbonize European grids
OPENTUNITY’s mission is to create a flexibility ecosystem reducing interoperability barriers and favouring the use of standards in order to decarbonize EU grids and put the end-user in the spotlight.
Zug, Switzerland — 31 January 2023 — Energy Web is proud to join 21 partners from 8 countries across Europe on OPENTUNITY, a new, EU-funded initiative focused on enhancing distributed energy resource interoperability in order to accelerate grid decarbonization. Under the initiative, Energy Web is providing underlying digital infrastructure for data exchange amongst the consortia of companies comprising OPENTUNITY..
OPENTUNITY aims to unlock deep flexibility from distributed energy resources by eliminating data silos and establishing standards for data exchange, all with a focus on creating value for end customers. More specifically, the initiative is focused on enabling prosumers and other market participants to more easily provide demand flexibility to grid operators.
Partners under the initiative are focused on conducting thirteen demonstration projects using a common underlying digital infrastructure. These demonstration projects are meant to test hypotheses and prove value for a number of different technology and business use cases with a common theme: distributed energy resources, properly integrated with the grid, can create value for both end customers and energy market participants.
These demonstrations will be conducted in 4 different EU Countries: Greece, Slovenia, Spain and Switzerland. Initial estimates forecast the potential for innovations unlocked via OPENTUNITY to reduce energy bills by 30% for end customers, primarily by making distributed energy resources a core part of grid planning and operations. in Greece, 4,98 cts/kWh in Slovenia, 6,9 cts/kWh in Spain and 6 cts/kWh in Switzerland.
About Energy Web
Energy Web is a global non-profit accelerating the clean energy transition by developing open-source technology solutions for energy systems. Our enterprise-grade solutions improve coordination across complex energy markets, unlocking the full potential of clean, distributed energy resources for businesses, grid operators, and customers. Our solutions for enterprise asset management, data exchange, and Green Proofs, our tool for registering and tracking low-carbon products, are underpinned by the Energy Web Chain, the world’s first public blockchain tailored to the energy sector. The Energy Web ecosystem comprises leading utilities, renewable energy developers, grid operators, corporate energy buyers, automotive, IoT, telecommunications leaders, and more. More information on Energy Web can be found at www.energyweb.org or follow us on Twitter @EnergyWebX