Volue Named Key Innovator by European Commission
“Our project will help achieve European clean energy transition goals by creating energy solutions for smart cities. We start demonstrating our trade platform for local energy markets already this fall, says Chief Strategist of Volue,” Klaus Livik.
+CityxChange is part of “Horizon 2020,” an €80 billion program initiated by the European Commission (EC) funding research for “Smart cities and communities.” Volue has been recognised as a key innovator by EC’s Innovation Radar with a “business ready” solution. ABB and IOTA were also named key innovators for their innovations.
The project will create marketplaces for trading local renewable and flexible energy within cities and prepare for a Europe-wide deployment by 2050. The stated EU goal is to establish energy-positive cities, starting with energy-positive blocks (a group of at least three connected neighboring buildings).
The first step for Volue is to explore how different local energy assets can operate as a local market together with the Norwegian power producer Trønder Energy. Batteries, heat pumps, solar energy, consumer flexibility, and electric vehicles can together create energy neutral urban areas – while at the same time ensuring the security of supply and quality in terms of a stable local grid.
“The project scope for the involved cities is to become energy positive and support technology and market designs that are scalable and replicable. Our motivation is to decrease consumption, optimise the energy flow and strengthen incentives for local investments in renewable assets,” says Livik.
Electricity supply is one crucial part of the project. Others are energy-efficient buildings, transport solutions, and urban environments in general. Trondheim municipality is leading the Smart City project, alongside the Norwegian University of Science and Technology (NTNU) and strong corporate players from across Europe. The participating cities are Trondheim (Norway), Limerick (Ireland), Alba Iulia (Romania), Pisek (The Czech Republic), Võru (Estonia), Smolyan (Bulgaria), and Sestao (Spain).