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UBITECH participates at the kick-off meeting of the REEFLEX Innovation Action on demand side flexibility energy markets

UBITECH participated at the kick-off meeting hosted by CIRCE in Zaragoza, Spain (January 26-27, 2023) of the REEFLEX Innovation Action, officially started on January 1st, 2023. The project is funded by European Commission under Horizon Europe Programme (Grant Agreement No. 101096192) and spans on the period January 2023 – December 2026. REEFLEX aims to generate niches of opportunities for new cross-sector energy services provided by SMEs and start-ups in demand side flexibility markets and to increase participation of energy consumers in demand side flexibility markets.

In particular, REEFLEX develops a central interoperability platform and a catalogue of services with the capability of maximising distributed energy resources’ flexibility while respecting the different end user profiles and needs along with the physical limitations of existing infrastructures. Additionally, the generation of a common operation market model together with AI-driven intelligence services and automation systems, enabled through the utilization of distributed ledger technologies for enhancing transparency and trust, will reduce market entry barriers and costs and achieve a higher participation from energy consumers. They will benefit from new revenues obtained through data and flexibility transactions, while enjoying innovative, personalized, data (intelligence)-driven services for smart, human-centric control of their assets in the frame of demand response or self-consumption.

Within REEFLEX, UBITECH undertakes the overall coordination of the Bulgarian Demo Site, and the use cases to be implemented there, namely, UC6 – Increasing economic performance of energy-intensive consumers, focusing on the optimal operation and participation in the flexibility of energy-intensive consumers, such as industrial sites or commercial ecosystems.