The European power system is currently going through a period of great change associated with the transformation to a less GHG intensive production mix. The European Union targets for 2020 widely known as the 20-20-20 targets. An important aspect related to the transformation process, concerns the increasing influence of IT technologies in the energy sector. This technological invasion is concerning power management tasks and addresses the change towards new modern network architecture - publicly known as ?SmartGrid?. A SmartGrids allows for two-way communication between customers and suppliers and increase the visibility of energy usage and power flows through exploiting multiple advanced technologies like smart meters, communication platforms, etc. The introduction of smart technology to energy production, distribution and consumption is producing a large amounts of raw, real-time data that may be used to produce actionable insights energy market participants can utilize to optimize investments, reduce carbon footprint and take faster, safer energy decisions. This combined with the convergence of social, mobile, cloud and big data technologies, can revolutionize the old business models and create new opportunities. These changes imply challenges that re quire development of new technology and models related to handling of Big Data in the future energy market, which is the target for this PhD project. Central research questions are how to utilize the new technologies in optimal ways, what models and data will be important and what will be their contribution to increased efficiency in the energy market and the energy system? The aim of the project is to create new knowledge and educate a PhD candidate in the field of Big Data and Energy markets, with parti cular emphasis on smart grid, prosumers and aggregators. This area is believed to hold a significant potential and is of strategic interest for eSmart Systems and its customers.
Project leader: Davide Roverso
Institution: ESMART SYSTEMS AS