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CROSSBOW – CROSS BOrder management of variable renewable energies and storage units enabling a transnational Wholesale market

Green energy often comes from renewable energy sources, which contribute to reducing greenhouse gas emissions and are generally less harmful to the environment.

In that regard, the region of South-Eastern Europe still has huge potential to become a clean energy hub for Europe. It has the necessary natural potential, such as wind power and solar panels. But power systems also need to be robust and stable enough to connect intermittent renewable energy sources.

This project aims to establish cross-border management of variable renewable energy sources (RES) and storage units in order to secure a wholesale electricity market. It has four objectives: better control of cross-border renewable energy sources; distributed and centralized new storage solutions; better network observability; and new business models for transnational wholesale electricity market.

The project helps foster regional cooperation between system operators in South Eastern Europe, including Montenegrin transmission system operator – CGES. It has provided 9 different tools to help the Regional Coordination Center to facilitate higher RES penetration, whilst reducing operational costs for individual operators.

The increasing share of fluctuating RES has become key to improving the carbon footprint of the European electricity system and achieving energy and climate change policy goals. In that sense, CROSSBOW project helps analyze, deploy and demonstrate a set of solutions which enable faster implementation of technologies that support the green energy transition.

The project is funded under the Research and Innovation Program of the European Commission, Horizon 2020 with €17.2 million. It ended in April 2022.

 

More information on Horizon 2020

Horizon 2020 was the biggest EU Research and Innovation programme ever with nearly €80 billion of funding available for the period 2014-2020. Its goal was to ensure that Europe produces world-class science, remove barriers to innovation and make it easier for the public and private sectors to work together in delivering innovation. The programme ended in 2020 and it was succeeded by Horizon Europe, which represents €95.5 billion worth Research and innovation funding programme. Its funding is available until 2027.

Project name:

CROSSBOW – CROSS BOrder management of variable renewable energies and storage units enabling a transnational Wholesale market

Sector:

Start time:

01/11/2017

End time:

30/04/2022

Location:

Montenegro and the region of South-Eastern Europe

Budget:

17287742.89€

Beneficiary:

Montenegrin transmssion system operator– CGES AD, University of Montenegro – ETF

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