Independent Bulgarian Energy Exchange EAD (IBEX) is a partner in the Flexitranstore project (An Integrated Platform for Increased FLEXIbility in smart TRANSmission grids with STORage Entities and large penetration of Renewable Energy Sources) whose main goal is to contribute to the evolution towards a pan-European transmission network with high flexibility and high interconnection levels. This will facilitate the transformation of the current energy production mix by hosting an increasing share of renewable energy sources.

This project has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 774407. The total cost of Flexitranstore amounts to EUR 21.7 million, of which Horizon 2020 contribution amounts to EUR 17 million.

The project started in November 2017 and will continue until October 2021.

Strategics goals of the project:

Following the current trends and EU regulations FLEXITRANSTORE has identified two main strategic objectives:

• To enhance and accelerate the integration of renewables into European Energy systems.
• To increase cross-border electricity flows across Europe.

Novel smart grid technologies, control and storage methods and new market approaches will be developed, installed, demonstrated and tested introducing flexibility to the European power system.

For more information visit: http://www.flexitranstore.eu/  

This project has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 774407.