The project promotes state-of-the art technologies to enhance the exploitation/capacity/efficiency of transmission grid assets, either on the generation or the transmission level.
To achieve its energy goals EU needs to establish a geographically large market by initially improving its cross-border electricity interconnections. A geographically large market, based on imports and exports of electricity, could increase the level of competition, boost the EU’s security of electricity supply and integrate more renewables into energy markets. Electricity should, as far as possible, flow between Member States as easily as it currently flows within Member States, so as to increase sustainability potential and real competition as well as to drive economic efficiency of the energy system. To this end, FARCROSS aims to address this challenge by connecting major stakeholders of the energy value chain and demonstrating integrated hardware and software solutions that will facilitate the “unlocking” of the resources for the cross-border electricity flows and regional cooperation.
Link to the FARCROSS site: https://farcross.eu/