An independent academy that builds bridges between science, business and politics

The Royal Swedish Academy of Engineering Sciences (IVA) is an independent academy with a mission “...to promote engineering and economic sciences and the advancement of business and industry for the benefit of society.” We bring together leading engineers, economists, researchers, entrepreneurs and leaders in business and the public sector, who contribute generously to IVA’s operations through their intellectual capital and their engagement.

A meeting place for Sweden's future

IVA believes in humanity’s capacity to contribute positively to society through the engineering and economic sciences. We run a number of projects and programmes, produce reports, knowledge bases and policy proposals, and organise open seminars and meetings nationwide. We also recognise and encourage the efforts of others by awarding distinctions and grants.

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Symphony - Peer-To-Peer Renewable Energy Marketplace Model

Symphony - Peer-To-Peer Renewable Energy Marketplace Model

Symphony project proposes a new peer-to-peer (P2P) renewable energy marketplace model and provides its software implementation to investigate the feasibility of such an approach.

IVAs 100-lista 2023

Year:

2023

Category:

Infrastructure, Business models

University:

Blekinge Institute of Technology

Responsible Researcher:

Roman-Valentyn Tkachuk, Kurt Tutschku, Dragos Ilie, Victor Kebande, Remi Robert, Johan Sjöberg, Robbert Prinselaar

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Recent research on climate change indicates the need to reduce the carbon footprint of energy production systems. The adoption of renewable energy sources (RES) aims to reduce the carbon footprint of fossil fuel usage.

Further, individuals can install RES in their homes and become electricity prosumers (producers/consumers). However, fossil fuel usage is still widespread, which requires the development of methods for RES promotion and dissemination. One of these methods is the P2P energy marketplace model, where prosumers can decide when and for what price to buy or sell electricity.

Ultimately, the marketplace aims to incentivize energy grid users to install RES. The financial profitability of energy trading promotes RES installation, consequently resulting in the energy distribution systems' decarbonization.

An independent academy that builds bridges between science, business and politics

A meeting place for Sweden's future

A vision for Sweden as a country of technology and innovation by 2035

Symphony - Peer-To-Peer Renewable Energy Marketplace Model

IVAs 100-lista 2023

IVA’s 100 List 2023 - Technology in the service of humanity