Project description
More power to the people
The energy market is rapidly transforming and so is the role of the consumer. Yesterday’s passive consumers are central actors in today’s energy markets. As new prosumers, energy markets can benefit from their generation, consumption and storage capabilities. The EU-funded REDREAM project will enable the effective participation of the consumers and prosumers in the energy market. It will develop a strategy for the creation of a value generation chain based on a revolutionary service-dominant logic paradigm in which service is exchanged for service. The project will collect the demand response tools and energy/non-energy services capable of enabling consumers to participate in the energy market. The results will assist in the generation of a new concept of connected ecosystem.
Objective
Within the Energy Union framework, the European Union (EU) is aiming at transforming the energy systems towards a sustainable, low-carbon and climate-friendly economy, putting consumers at its centre. Buildings play a key role in this transition as, on one hand they are responsible for approximately 40% of energy consumption and 36% of CO2 emissions in the EU and, on the other hand, the potential engagement of consumers through the demand-response mechanisms. To enable this transformation, distribution grids will face news paradigms in the ways they operate relying more on flexibility smart grids with capacity to safely host more renewable energy sources (RES) and integrate new loads, such as power to heat/cold, power to gas/liquid and new technologies, as well as electric vehicles (EVs) while advancing in security of supply and affordability. Therefore, this global picture will demand the generation of a new concept of connected ecosystem between energy system players and consumers. Under this scenario, the project consortium accepted this challenge and offers to develop the “REDREAM Project”, which not only will enable the effective participation of the consumers/prosumers in the energy market, but also will drive a profound change turning traditional company’s value chain into value generation chain, based on a revolutionary Service Dominant Logic paradigm. The main objective of the REDREAM project is to effectively move the consumer (as a residential, industrial and tertiary consumer) participation to the centre of the energy market through an open and co-creative ecosystem where all stakeholders will actively interact. This ambitious challenge will require the collection of demand response tools and services (energy and non-energy) capable of enabling the capacity for the consumers of participating in the energy market through an improvement of predictability of consumption patterns and consumer behaviour.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: https://op.europa.eu/en/web/eu-vocabularies/euroscivoc.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: https://op.europa.eu/en/web/eu-vocabularies/euroscivoc.
You need to log in or register to use this function
We are sorry... an unexpected error occurred during execution.
You need to be authenticated. Your session might have expired.
Thank you for your feedback. You will soon receive an email to confirm the submission. If you have selected to be notified about the reporting status, you will also be contacted when the reporting status will change.
Keywords
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
-
H2020-EU.3.3. - SOCIETAL CHALLENGES - Secure, clean and efficient energy
MAIN PROGRAMME
See all projects funded under this programme -
H2020-EU.3.3.1. - Reducing energy consumption and carbon foorpint by smart and sustainable use
See all projects funded under this programme -
H2020-EU.3.3.4. - A single, smart European electricity grid
See all projects funded under this programme
Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
IA - Innovation action
See all projects funded under this funding scheme
Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) H2020-LC-SC3-2018-2019-2020
See all projects funded under this callCoordinator
Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
28015 Madrid
Spain
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.