Multi- Sites, Actors, Vectors, Energy Services (Multi-SAVES)

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Title
Multi- Sites, Actors, Vectors, Energy Services (Multi-SAVES)

CoPED ID
55540140-8afd-4478-95d4-751b539a6a3c

Status
Closed


Value
£792,750

Start Date
June 30, 2018

End Date
March 31, 2019

Description

More Like This


Technology Area

Select three primary technology areas involved in this application by selecting number references from the drop-down selection boxes (this will be used to select appropriate assessors)” Please refer to the Guidance for Applicants for the complete list and appropriate reference numbers. 9 3 2

Public description of project Please describe your project. This description will be published only if your project is subsequently funded by Innovate UK to comply with government requirements. Providing this summary is mandatory but the text will not be assessed. Please ensure it is suitable for public disclosure. Funding will not be provided to successful projects without this.

Large organisations cannot effectively coordinate multi-site energy complementarities afforded by new sustainable energy services. Virtual private wire networks (VPWN) meets this challenge by enabling efficient collective utilisation of distributed flexible loads, storage and generation. This adventurous project involves novel research and a feasibility study demonstrating the value of a multi-site, multi-actor VPWN that reduces customer energy costs, reduces carbon emissions and increases energy security to provide required services. Distributed, multi-objective stochastic control algorithms will be developed that explicitly account for coupled sources of uncertainty, user behaviour and preferences. A shadow model of the VPWN and cloud-based market platform will be developed, targeting the Siemens MindSphere IoT OS. This project will validate enhanced end-user value, prove a novel business model, and provide implications for the regulatory regime.

UNIVERSITY OF OXFORD LEAD_ORG
UNIVERSITY OF OXFORD PARTICIPANT_ORG
SIEMENS PUBLIC LIMITED COMPANY PARTICIPANT_ORG
UNIVERSITY OF OXFORD PARTICIPANT_ORG

Subjects by relevance
  1. Emissions
  2. Enterprises
  3. Projects

Extracted key phrases
  1. Site energy complementarity
  2. New sustainable energy service
  3. Energy Services
  4. Customer energy cost
  5. Appropriate reference number
  6. Actor vpwn
  7. Adventurous project
  8. Successful project
  9. Energy security
  10. Primary technology area
  11. Multi
  12. Novel business model
  13. Number reference
  14. Technology Area
  15. Virtual private wire network

Related Pages

UKRI project entry

UK Project Locations