OPENTUNITY products

Working to reach final users

Working to reach final users

23/01/2024

How will OPENTUNITY solutions reach users and become viable business models?

In OPENTUNITY, we are not just building a network of innovations to open up the electricity ecosystem to various stakeholders, but also to provide a genuine opportunity for real decarbonization. Our specific goal at OPENTUNITY is to ensure that our innovations reach the intended actors and effectively enter the market.

By providing social science and economic expertise, the JOANNEUM RESEARCH LIFE team has a special role in OPENTUNITY. They ensure that the solutions developed in OPENTUNITY find their way to users and become part of viable business models. Currently, they are developing an integrated research strategy that enables collecting close user feedback for the technological features to be tested at the demo sites in Greece, Slovenia, Spain, and Switzerland.

The feedback tool will provide a low-threshold opportunity for users to provide feedback on their experience and enable them to submit concrete ideas for improvement.

In parallel, preliminary business models and value chains for each OPENTUNITY demo site have been created. They will be further detailed and quantified as the project moves along. Stay tuned!

Here our partners from JOANNEUM RESEARCH LIFE: Stephan Schwarzinger, Michael Brenner-Fließer and Camilla Neumann.


Cost Minimization through Flexible Demand Optimization

Cost Minimization through Flexible Demand Optimization

13/12/2023

In the pursuit of cost minimization, OPENTUNITY is at the forefront of revolutionizing the energy landscape by optimizing the scheduling of flexible demand for consumers and energy communities. Our focus encompasses crucial elements such as HVACs (heating, ventilation, and air conditioning), domestic hot water (DHW) devices, electric vehicles (EVs), and energy storage systems.

Our partner Hypertech a key player in this venture, is actively developing a Mixed-Integer Linear Programming (MILP) model to achieve optimal results in flexible demand optimization. The essence of this approach lies in the strategic time shifting of loads, leveraging baseline profiles provided for each asset. This strategy proves to be pivotal in achieving lower customer bills, especially when coupled with a variable price profile available to consumers.

To illustrate the tangible benefits of our methodology, consider the following example involving two households equipped with two DHW devices and an HVAC system. Through our approach, the demand is intelligently shifted to time steps when electricity prices are lower. The outcome? A substantial cost reduction of 12.5%, showcasing the efficiency and practicality of OPENTUNITY’s commitment to cost-effective energy solutions.