Imagine a neighborhood where everyone shares a giant, smart battery and solar setup instead of relying on a distant power plant. It's like a community garden, but for electricity, where neighbors can trade energy credits using a digital app. This system makes sure the local grid stays stable while letting people own and manage their own power.
Centralized energy systems are often inefficient and dependent on fossil fuels. Local communities lack the tools and business models to manage their own renewable energy production and trading.
A digital backbone for energy data, a blockchain-based P2P energy marketplace, and a Digital Twin for grid management. It also includes a Readiness Assessment Toolkit and AR planning tools.
If you are a grid operator dealing with unstable power flows from home solar panels — this project developed a System-of-system Digital Twin that allows for better management of multiple energy carriers and grid resilience.
If you are a software provider dealing with complex energy billing — this project developed a P2P Blockchain marketplace that enables tokenized energy assets and reciprocal compensation between users.
If you are a consultant dealing with the difficulty of planning local energy transitions — this project developed a REV Readiness Assessment Toolkit and Augmented Reality tools to visualize and plan energy hubs.
Based on available project data, specific pricing or implementation costs are not provided; however, the project focuses on creating affordable, low-carbon landscapes.
Yes, the project is designed as a replicable model with blueprints for upscaling and replication, including 4 Follower Communities.
Based on available project data, the project emphasizes open-source decision-support tools and open digital solutions, though specific licensing terms are not detailed.
It uses a digital backbone and a System-of-system Digital Twin to manage multiple carrier grids and optimize local grid operation.
The project period runs from 2023-12-01 to 2028-11-30, indicating a multi-year development and testing phase.
The consortium is heavily industry-weighted with 23 industrial partners (56% ratio), including 14 SMEs. This strong commercial presence, combined with 13 countries involved, suggests a high focus on market viability and cross-border scalability rather than purely academic research.
Contact REC (Erevnitiko Panepistimiaiko Institutou Systimon Epikoinonion kai Ypologiston) in Greece.
Contact us to explore the REV blueprints for your local energy market.
