Local Energy Marketplace Seeding (LEMS)
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Description
The Local Energy Market Seeding project will explore and develop a marketplace software solution on top of NOCO's existing digital twin. The marketplace will look to bring in different stakeholders from across the built environment and energy system into a coordinated local decarbonisation initiative.
The project will draw on NOCO's existing big data infrastructure and expertise to automate the creation of optimised local area decarbonisation plans and also act as a platform for service providers to assess, design and propose various CleanTech solutions (solar PV, battery storage, EV charging, energy efficiency, etc) that can fit into the wider net zero pathway of a local area.
The ultimate aim of the project is to streamline the design, development and launch of a local energy marketplace that will allow local generation to trade with local demand, bypassing the wider transmission and distribution networks, allowing up to 50% gains on both sides of the deal, creating a win-win-win end state.
| Noco Energy Limited | LEAD_ORG |
| Noco Energy Limited | PARTICIPANT_ORG |
| Calin Basno | PM_PER |
Subjects by relevance
- Energy efficiency
- Energy
- Energy production (process industry)
- Projects
- Services
- Development projects
- Optimisation
- Marketing
- Renewable energy sources
- Energy systems
Extracted key phrases
- Local Energy Market Seeding project
- Local energy marketplace
- Local area decarbonisation plan
- Coordinated local decarbonisation initiative
- Marketplace software solution
- Local generation
- Local demand
- Energy efficiency
- Energy system
- CleanTech solution
- LEMS
- Big datum infrastructure
- Wide net
- Wide transmission
- Digital twin