Project full name:
Realising Value from Electricity Markets with Local Smart Electric Thermal Storage Technology
RealValue aims to demonstrate how local small-scale energy storage, optimised with advanced ICT, could bring benefits to market participants throughout the EU. Smart Electric Thermal Storage (SETS) will be deployed in physical demonstration trials in 1250 homes in Germany, Latvia and Ireland but the analysis will also consider other storage technologies and energy vectors, including integration with district heating and micro-generation. SETS is a direct replacement for existing electric thermal storage heaters and water tanks with a combined load of 55GW across the EU.