FLEXITRANSTORE targets the whole energy value chain. Through novel technical solutions, but also through new business models and market regulations it aims to transform the whole energy system of Europe. It is going to aid towards a higher penetration of RES in the production mix and facilitate the establishment of a pan-European integrated wholesale energy market, valorizing flexibility and supporting increasing cross-border flows.
More specifically, the project will implement technologies and novel concepts aiming to:
- Create a pan-European energy Market under a common framework free of national restrictions and legislative barriers imposed by individual nations.
- Integrate the South Eastern European energy markets, where market coupling activities are progressing slowly.
- "Touch” different grid flexibility resources: improved operations, grid modernization, demand response, fast ramping supply, energy storage.