V2Market is an innovative service to incorporate the Electric Vehicles’ (EV) batteries into the electricity system as storage and flexibility capacity, using Vehicle-to-Grid (V2G) and Vehicle-to-Building (V2B) technology combined with energy efficiency (EE) and price forecasting ICT tools. V2Market puts together all the relevant actors in the value chain to work on the definition of the role and the contractual arrangements of a new business case, the aggregator, and its different possibilities with the other key stakeholders: the EV owners, and the flexibility buyers (DSO, TSO, BRP). V2Market will tackle energy efficiency at different levels: - Efficiency at the system level, by providing flexibility services to the grid. - Efficiency at the building/end user level, by optimising energy management thanks to the incorporation of the EV battery, which will also facilitate an optimisation of the energy produced by local RES. - Efficiency resulting from the substitution of older fossil-fuel based vehicles for electric vehicles. - It will make the EV battery an independent asset (as a major cost item that needs to be managed separately). This will result in measurable energy savings and performance improvements for the overall energy system. To respond to these EE needs, V2Market will develop a comprehensive business case for aggregators based on two types of service: A – Provision of ancillary services to the grid (frequency regulation, spinning reserves, peak shifting). B – Integration of flexibility services with EE at buildings’ level. V2Market will help the aggregator to develop its business model, and use big data to tailor its services to the patterns of its pool of EV owners. This is intended to consolidate a more predictable pool of EV batteries, which can be useful to develop also contractual arrangements with the flexibility buyers and provide stability to all the transactions within the value chain.

Energy power systems face big challenges to cope with grid integration demands of an ever-increasing number of distributed generation and consumption devices in an interconnected world. Technology offers a huge range of opportunities to develop solutions in the uncertain current and upcoming Energy market situation. This proposal considers Open Innovation as a natural solution to create a seamless link and balance between energy stakeholders needs and the solutions to be developed. Nowadays, old metering, operation and control devices are combined with smart systems with a huge amount of data being available yet unused or underused. This data offers a wide range of possibilities to improve existing energy services and creating new ones, all available in an Open Innovation Marketplace, and processed through an Analytic Toolbox. BD4OPEM will develop this Analytic Toolbox, based on Big data techniques, providing tools for enabling efficient business processes in the energy sector. By extracting more value from available data, a range of innovative services will be created in the fields of grid monitoring, operation and maintenance, network planning, fraud detection, smart houses/buildings/industries energy management, blockchain transactions and flexibility aggregation for demand-response. The Open Innovation Marketplace will ensure secure data flows from data providers to solution providers, always compliant with GDPR requirements, so that asset management is enhanced, consumer participation in energy balancing is promoted and new data-driven business models are created through innovative energy services. The project will demonstrate the above features in four large scale pilots with diverse distributed energy sources (e.g. PV, wind, hydro, EV, storage…), while promoting the competitiveness and synergies of Sustainable innovations and IT Ecosystems in Europe.