The Horizon Europe project ODEON brings together 34 European organizations to establish an ecosystem for the digital energy transition. ODEON demonstrates and integrates innovative solutions to create an inclusive ecosystem of stakeholders characterized by the integration of a mesh of Data, Intelligence, Service and Market flows in the energy system.
Challenges
The “Twin Transition” refers to the convergence of digitalization and sustainability. The European Union has set ambitious goals to advance both transformations simultaneously and create synergies, making it essential for the EU energy system to become more flexible and resilient.
A sustainable energy system requires a diverse mix of energy sources and increasingly relies on decentralized energy resources. This decentralization is accompanied by new digital technologies and components, such as smart storage systems and intelligent grids, which allow the integration of electric vehicles and household devices into the smart grid.
The energy market is also becoming more diverse, with a growing number of participants, including independent electricity suppliers. At the edges of the system, this creates new challenges in controllability and operational complexity. Integrating these new market participants and ensuring their services are equally accessible to all potential users is a key task. At the same time, coordination among actors must be enabled, incorporating new digital technologies.
For the market to function effectively for end users and enable seamless participation by all providers, information flows among stakeholders need to be efficiently coordinated. The system must handle large volumes of data, including performance forecasts, operational metrics, and pricing information. A federated data space is therefore required to allow participants to share their data securely while maintaining full control over it.