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UBITECH’s Costas Mylonas participates in the final event of frESCO project at Enlit Europe 2023

In the context of Enlit Europe that was held in Paris from November 28 to 30, UBITECH participated in the frESCO project final event, in which the project’s main results and lessons learnt were presented. frESCO project envisions to engage with ESCOs and aggregators and enable the deployment of innovative business models, on the basis of novel energy and integrated energy service bundles that properly combine and remunerate local flexibility for optimizing local energy performance both in the form of energy efficiency (energy savings) and demand side management (demand response).

Within frESCO, UBITECH led the architectural design and the specifications of the frESCO solution, as well as the development of the multi-service package toolkit for ESCOs and aggregators that enables them to provide the bundled energy services to residential consumers with enough flexibility so as to adapt their offer to their customers’ requirements. In particular, UBITECH developed the Energy Management Analytics and Self-Consumption Optimization Tool for ESCOs, targeting on one hand the extraction of insights with regards to energy management aspects to ESCOs and on the other hand on the provision of optimal plans to ESCOs for planning their self-consumption characteristics, as well as the Advanced Flexibility Analytics and Optimal VPP configuration tool for Consumer-Centric Demand Response Optimization, concerning the optimisation of fitting as much as possible energy demand and response in smart grid settings.

In the final event, Costas Mylonas from UBITECH’s Energy Digitalisation team together with Giorgos Papadopoulos from Suite5 explored how frESCO end-to-end energy solutions can bridge big data and user centric energy applications for ESCOs, aggregators and prosumers.