A consortium of eight partners have been awarded UK Research and Innovation grant funding to develop an end-to-end energy and flexibility trading specification. This will assist the transition to a low carbon economy by enabling smart local decentralised energy trading systems.
The grant is from the government’s £102m ‘’Prospering from the Energy Revolution’’ (PFER) fund, with this funding call aimed at the key technology enablers. The BankEnergi project previously received £140k of funding in the initial design and concepts study, and had just received another £340k to develop the industry standard for an end-to-end energy trading.
At the end of this project, the consortium will have established the connectivity between different data platforms enabling energy trading from a Virtual Power Plant, all the way to flexibility and energy trading in the long and short-term wholesale and flexibility markets. The consortium will identify the interfaces needed to maximise the trading opportunity for each asset or building owner.
