MAGNITUDE – Bringing flexibility provided by multi energy carrier integration to a new MAGNITUDE
MAGNITUDE aims to develop business and market mechanisms as well as supporting coordination tools to provide flexibility to the European electricity system, by increasing and optimizing synergies between electricity, gas and heat systems.
MAGNITUDE will ultimately
- Provide flexibility options to support the cost-effective integration of Renewable Energy Sources and decarbonisation of the energy system, and to enhance the security of supply.
- Bring under a common framework, technical solutions, market design and business models, and contribute to the ongoing policy discussion in the energy field.
MAGNITUDE is a 3.5 years project, which was granted a total of 3,99 M € from the European Commission and which started on October 1st, 2017. The project is coordinated by EDF and the consortium brings together 16 partners from 9 European countries with the following profiles: Industrial organisations, SMEs, Research organisations, Universities and International associations.