RealValue is the latest EU funded research and development project in which ESB Networks is involved.
The project focuses on improving efficiency and delivering value across the European energy market through the use of advanced information and communications technology. RealValue is directed at small-scale energy storage using Smart Electric Thermal Storage (SETS) and involves real-world implementation and testing in 1,250 homes in Germany, Latvia and Ireland.
As part of this project, we are installing advanced metering and next-generation monitoring solutions to analyse system performance and the effects on the electricity network.
This Irish led project is funded through the Horizon 2020 funding mechanism. The consortium consists of 12 partners and encompasses the entire energy supply chain, including many of the key organisations in the Irish energy sector. It commenced in June 2015 and will conclude in 2018.