To cope with the day-to-day and day-night fluctuations in energy production in demand, coming from RES (Renewable Energy Supply), grid operators are required to maintain variable back-up systems.
Most of those systems in Europe are currently coal-fired or base line nuclear loads power plants that counteract the positive effects of the RES introduced.
CoSSMic aims at enabling higher rates for self-consumption (>50%) of decentralised renewable energy production by coordinating the energy production, consumption, and use of storage units of the buildings in a neighbourhood. Therefore, the project will develop an innovative autonomic ICT based system, controlling the energy usage, production, and storage, and facilitating both peer-to-peer collaboration between micro-grids in a neighbourhood, and collaboration with the public power grid.
The CoSSMic project will allow household and neighbourhood optimisation and power sales to the network, in addition to a higher degree of predictability of power deliveries for the large power companies, and it will satisfy the requirements and achieve the benefits discussed above. The behaviour of the smart micro-grids will be governed by reward based business models ensuring sufficient rewards to the users willing to share resources and collaborate to optimise the overall working of the power grid.