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2.12.2019 15:49
Current News, Electricity Market, International News

The European Commission has granted Project of Common Interest status to the preparations for the CrossFlex flexible resource project

The European Commission has granted Project of Common Interest status to the preparations for the CrossFlex flexible resource project on 31 October. CrossFlex is a project proposal by Fingrid and the transmission system operators of Estonia and Åland with the aim of promoting the large-scale utilisation of the flexibility provided by distributed decentralised resources locally, nationally and between Finland and Åland as well as between Finland and Estonia.

Projects with PCI status can apply for financial support for smart grid investments and related investigations via the funding application processes of Connecting Europe Facility, or CEF Energy.

Fingrid is currently in talks with the investors invited to prepare the project last summer to form a project consortium early in the year while also defining the final scope and objectives of the CrossFlex project. The aim is to apply for CEF (Connecting Europe Facility) funding in 2020 for the technical planning and investigation needs of the investments related to the CrossFlex project. In the technical design phase of the CrossFlex project, the aim is to define the technical requirements and solutions which, on the one hand, enable flexible resources to provide different types of services for the management needs of the power grid between various electrical energy system and, on the other, make it possible to integrate resources into flexible market platforms in order to provide services for various operators.

Additional information:

Tuomas Rauhala, Fingrid, tel. +358 303 955 197

Further information on this topic:

The Commission’s bulletin on the fourth PCI project list > https://ec.europa.eu/energy/en/topics/infrastructure/projects-common-interest/key-cross-border-infrastructure-projects#content-heading-2

Fingrid’s web page on the topic > https://www.fingrid.fi/en/electricity-market/market-integration/the-future-of-the-electricity-markets/flexible-resource-project/

Interview with Tuomas Rauhala on the topic >  https://www.fingridlehti.fi/en/flexible-markets-cleaner-energy/