FleX competition: winning projects
Published 26 February 2020
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Piclo Exchange: online exchange for multiple flexibility markets
Led by Open Utility Ltd (trading as Piclo)
The Piclo Exchange project aims to show how an open, transparent and neutral flexibility marketplace can play a crucial role in the decarbonisation of Great Britain’s economy. Participants will be able to trade in primary and secondary flexibility markets at both a local and national level. The project is to be trialled in collaboration with UK Distribution Network Operators and National Grid ESO, and is open to the 250+ flex providers registered on the Piclo platform.
Grant award: £561,727.06
Project TraDER
Led by Chaddenwych Services Ltd (trading as Electron)
Project TraDER is the first of its kind to develop, integrate and scale a flexibility exchange that optimises renewable energy integration into the UK’s changing energy markets.
The flexibility exchange, operated by a neutral market facilitator, will enable price-driven collaborative trading of an energy resource on multiple markets in the same time period, with notification of commitments and trader self-dispatch to relevant parties.
The 2-year project will first demonstrate a market on the Orkney islands, an area known for curtailment of their abundant renewable energy, before combining other markets for collaborative trading.
UK partners: Energy Systems Catapult, Community Energy Scotland, EDF Energy Customers Ltd, CGI IT UK, Elexon Ltd.
Grant award: £1,604,264