Independent Bulgarian Energy Exchange EAD (IBEX) is a partner in the FARCROSS project (Facilitating Regional CROSS-border Electricity Transmission through Innovation) whose main goal is to promote state-of-the-art technologies to enhance the exploitation, capacity and efficiency of transmission grid assets, either on the generation or the transmission level.
This project has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 864274. The total cost of FARCROSS amounts to EUR 13 643 692.50, of which Horizon 2020 contribution amounts to EUR 9 996 497.25.
The project started in October 2019 and will continue until October 2023.
Strategics goals of the project:
FARCROSS aims to connect major stakeholders of the energy value chain and to demonstrate integrated hardware and software solutions that will facilitate the “unlocking” of the resources for the cross-border electricity flows and regional cooperation.
The project will demonstrate an innovative regional forecasting platform for the improved prognosis of renewable generation and demand response and a capacity reserves optimization tool will be tested to maximize cross-border flows. The non-harmonization of national regulation will be studied, and measures will be recommended to avoid distortion of the technology benefits.
FARCROSS will employ technological innovations to bring forward the additional benefits gained by increasing interconnectivity between neighbouring systems that strongly align with EU vision and policy, and most importantly to:
– Successfully integrate large amounts of renewable generation that is intermittent and there are advantages to geographic dispersion. FARCROSS proposed solutions can be used to increase cross-border flows allowing other countries from importing clean energy and to maximize EU-wide renewable generation.
– Reduce the need to build new infrastructure by first optimizing the existing network, whereas at the same time to achieve reduced environmental impact compared to alternative options and minimise total costs to customers.
– Shorten connection lead-times, as FARCROSS solutions can be installed in relatively short timeframes, can minimize the grid modifications needed to integrate new sources of generation or serve as a bridge solution.
For more information visit: https://farcross.eu/
|This project has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 864274.|