Nuvve is participating in a Horizon 2020 (H2020) project called BD4OPEM, which stands for Big Data for Open Innovation Energy Marketplace. H2020 projects are funded by the European Commission with the goal to ensure that Europe produces world-class science, removes barriers to innovation, and makes it easier for the public and private sectors to work together in delivering cutting-edge products and services.
The BD4OPEM project will use big data techniques such as machine learning, deep learning, AI, and forecasting to learn how to support an increased the level of renewable energy in power grids while achieving greater energy efficiency levels. Nuvve joined the project to demonstrate flexibility services with bidirectional charging and discharging of electric vehicle batteries through our proprietary V2G (vehicle-to-grid) technology. The experiments will demonstrate services for the benefit of grid stakeholders such as Distribution Service Operators (DSOs) or Transmission System Operators (TSOs).
Nuvve and the other project participants aim to develop a platform to empower these different stakeholders with affordable and flexible tools to match market demands. This project will demonstrate grid service features with pilots using distributed energy generation, such as solar panels (big and small), energy storage such as electric vehicles and their charging infrastructure, hydro, wind, and geothermal generation.
This project is funded by European’s Union 2020 research and innovation program under grant 872525.