The kick-off meeting of U2Demo took place on September 5th and 6th at INESC-ID and Instituto Superior Técnico Headquarters in Lisbon! It counted with over 30 participants from the project Consortium attending the meeting to discuss future steps and strategies for the following months.

U2Demo (Use of open-source P2P energy sharing platforms for energy democratisation) is one of the latest projects signed by INESC-ID, under Cluster 5: Climate, Energy and Mobility of Horizon Europe. With INESC-ID as consortium leader, the project aims to develop new strategies that make it easy for people to join in Peer-to-Peer (P2P) trading and Energy Sharing, ensuring fair and equal access to sustainable energy for everyone.

Led by INESC-ID researcher, in the area of Sustainable Power Systems, Hugo Morais, U2Demo counts with a total funding of 5 million €, (500K € of which will fund participation by INESC-ID) and will last 42 months. The project will bring together 20 partners, including associated partners, from eight countries to share their knowledge and expertise in developing strategies for open-source, non-proprietary tools and platforms.

Testing for the developed tools will be implemented in four pilots (Portugal, Italy, Belgium and Netherlands) and performed in four Energy Communities (ECs) with different characteristics and governance models, each one sporting unique attributes and governance models, allowing the determination of optimal implementation conditions, and consolidation of the most promising solutions and associated business models. All action within P2P and Energy Sharing tools will be executed using blockchain, ensuring credibility and traceability of all activities.

Through this, the initiative will allow consumers and prosumers to actively engage in energy and flexibility services, thanks to decision support algorithms, enhancing coordination and information exchange.

Click here for more detailed information and list of partners.