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MAGNITUDE

Bringing flexibility provided by multi energy carrier integration to a new MAGNITUDE

Project funded under the European framework program HORIZON 2020

 

The consortium of 16 participants from the Member States will develop the Project- MAGNITUDE- within the Call “Competitive Low-Carbon Energy” and the Topic “LCE-05-2017: Tools and technologies for coordination and integration of the European energy system”

Just two days ago we were aware of the favourable decision by the evaluators of the European Commission, in which the requested aid was granted for the development of this Project. The main goal of this project is to design and develop business and market mechanisms as well as supporting coordination tools to enable an improved level of flexibility for the European electricity system, by increasing and optimizing synergies among electricity, gas and heat systems.

The diversity among the institutions and organizations involved in the project gives it an international (8 different countries) and multidisciplinary character. The two Spanish companies participating in the project are located in the Region of Murcia – REGENERA LEVANTE & EMPRESA MUNICIPAL DE AGUAS Y SANEAMIENTO DE MURCIA – and both assume an industrial partner role, focusing its collaboration on the integration and development of new business and market models and the integration and evaluation of different energy production systems.

The Project, that will develop in 42 months, has a total budget of 3.999.057,50 €.

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