Futugrid

About this project

<p><span style="font-size: 10pt"><span style="font-family: Verdana, sans-serif"><span style="background-color: #FFFFFF"><span style="color: #1A1A1A">During moments of high peaks in energy consumption or if any renewable energy source experiences an accidental decrease (such as wind and solar irradiance) the power system needs to rapidly supply more energy. To cover this quick rise in demand there are two options: either increase electricity production immediately or reduce or shift consumption. </span></span>During this downtime the price for available energy (balance energy) is remarkably high due to a lack of available supply on the market. <span style="background-color: #FFFFFF"><span style="color: #1A1A1A">To tackle this problem, FutuGrid VPP shall be developed, which is a complex system that allows power consumption to quickly decrease in the electrical grid for a short period of time.</span></span> Solution shall enable to temporarily decrease power consumption during moments of high demand and provide the time needed to bring alternative power sources (gas and hydro power plants) on line.</span></span></p> <p><span style="font-size: 10pt"><span style="font-family: Verdana, sans-serif"><span style="background-color: #FFFFFF"><span style="color: #1A1A1A">The main objective of the project is to develop Futugrid VPP, including Target User Module and a Central Control Unit, on both the hardware and software, also to carry out a pilot project to test systems working together in real life and to develop a supply chain for serial production and delivery. Next stage is full commercialisation in the following markets: Estonia, Latvia, Lithuania and Scandinavia. The third round of expansion to Europe would arise from the additional work package. The project is initiated by Estonian SME Futugrid Technologies OÜ.&nbsp;</span></span></span></span></p>

Project partners

• OÜ TripleDev Project partner· Estonia