Atos, the leading international IT services company with a client base of top international companies in all industry sectors, announced in a press release that it will be driving the US$8 million Flexigrid project on the Cryptosoft platform, which is powered by Blockchain.
Its objective is to improve the operation of the electrical distribution network, making it more flexible, reliable and profitable, through the development of innovative solutions. Atos focuses on business technology that drives progress and helps organizations create the business of the future.
TaxScouts closes EUR 5.5 million Series A to expand to Spain and the rest of Europe
They have an ability to deliver operational excellence, which means they are always ready and able to help their clients address the challenges they face, anywhere in the world. They also place great emphasis on understanding and meeting their clients‘ needs and priorities, including their sustainability goals.
As for the Flexigrid project, it began in mid-2019 and will last four years. The main objective of Flexigrid is to enable the distribution network to operate safely and stably when a large part of the variable generation electricity sources are connected to low and medium voltage networks. It brings together a consortium of 16 partners led by the Centre for Research on Energy Resources and Consumption (CIRCE) in Spain. Among the Spanish companies and institutions attached to it are ZIV, University of Cantabria, ATOS and Ormazabal.
In recent years, the energy paradigm is changing from large centralized power plants to small to medium sized distributed variable generation power sources that inject energy into a two-way power flow network. In this context, the growing share of variable and unpredictable renewable energy sources (RES) is challenging the power grid in terms of reliability, stability and security of supply.
In fact, the European renewable energy target for 2030 (32% of total energy consumed) means that more than 50% of electricity will be generated from renewable energy sources, most of which will be connected to the MV and LV networks. In addition, EU policies have encouraged the development of decentralised electricity generation, electric vehicles, energy storage and flexible demand.
Avintia Group joins Alastria to acquire Blockchain technology as a key tool in the sector
However, in response to these present and upcoming challenges, the Flexigrid project proposes to improve the operation of the distribution network by making it more flexible, reliable and profitable, through the development of four hardware solutions.
As described in the communication, the project will reduce CO2 emissions and facilitate compliance with EU climate objectives.
Viesgo, selected at European level
It also notes that, to ensure that the project is effective across all EU networks, eight different use cases have been selected in four demonstration sites (Spain, Greece, Italy and Croatia), which address the most common problems in the EU distribution network. The Spanish and Cantabrian company Viesgo has been selected to develop one of these eight projects.
The results of this work will provide data for the construction of a platform called FUSE, which provides the latest technologies of Big Data, AI, IoT, Blockchain and FIREWARE, with the aim that the European electricity network as it incorporates greater amounts of renewable energy, get a more flexible and cost-effective distribution.
„Mr. Meta: Adventures in the world of cryptosystems and Blockchain technology“
Purpose of FUSE
FUSE aims to be an open source platform that enables the integration of devices at the edge by fully exploiting available data from local and distributed energy resources to build value-added services for DSOs and energy stakeholders. Data integration into FUSE is done through adapters. These components simplify data pre-management to harmonize the development of the service process.