In this project we develop intelligence for a modular, scalable local energy market and calibrate it based on live trials, creating adaptable platform for utilities for PV investment, local sourcing and flexibility.
Utilities, cities and businesses are under pressure to decarbonise, causing growth in distributed generation supported by rapid cost reductions. Utilities are looking for new ways to stimulate the market and increase economic and environmental value for consumers,
installers and territories. Market mechanisms are required that connect consumers and plant owners to drive further investment in renewable energy.
Leading experts from HSLU and UNIGE will work with implementation partner Virtual Global Trading, building on a successful Innocheck. UNIGE will study behavioural drivers, barriers, and target populations and extract levers for sourcing renewable energy. HSLU will study local energy market settings and design market mechanisms for incentives to procure renewable local energy, integrate design resource scheduling and optimisation, and include algorithmic approaches for tariff setting and forecasting, integrating the work of UNIGE.
Modelling and research will run in test fields for continuous learning and agile improvement.