June 6: Marko Svetina presents project FutureFlow at Three Seas Initiative Business Forum
cyberGRID’s Managing Director and Vice President for Strategies and Alliances, Marko Svetina, yesterday addressed a high-profile audience at the Three Seas Initiative Business Forum where he discussed the tools for enabling prosumers to play a role in the integration of digital technologies and efficient energy interconnection.
The Three Seas Initiative Business Forum featured the Presidents of 9 EU Member States and the President of the EU Commission, Jean-Claude Juncker, and focused on the European energy economy in light of political transitions and geopolitical challenges. Industry specialists, such as Austrian tech company cyberGRID were invited to showcase real-life applications of smart grids and the digital layer of cross-border balancing market.
Mr. Svetina presented the company’s award-winning ICT solution cyberNOC to leaders in the field of infrastructure, energy, digital, and political interconnection projects, and highlighted this flexibility aggregation platform’s sustainability features in the EU Horizon 2020 project FutureFlow. FutureFlow features cross-border pilot tests with 4 TSOs in Slovenia, Austria, Hungary and Romania and demonstrates that prosumers can reliably contribute balancing services to TSOs.
“It really is within the prosumer’s power to become a guardian of the energy system by becoming an active player in grid stability and efficiency” says Marko Svetina.
The FutureFlow project is demonstrating the prosumer’s capability to increase or reduce their consumption in seconds, thereby performing functions that are predominantly carried out by traditional, fossil fuel-based power plants. The field tests show the synergetic benefits from collaboration between C&I consumers, prosumers, and distributed generators in frequency restoration reserve markets combined with the cross-border integration of such markets. cyberGRID is designing and developing secondary-market (aFRR) functionalities based on its Flexibility Aggregation Platform cyberNOC technology.
cyberGRID is working to implement this technology throughout the EU stage of energy innovation, making EU energy markets and environments more competitive and prosumer-friendly by increasing the availability of flexibilities.