Glossary

Peer to Peer (P2P)

Peer-to-Peer energy trading is a novel paradigm of power system operation, where people can generate their own energy from Renewable Energy Sources in dwellings, offices, factories or communities and share it with each other locally.

Power to Heat (P2H)

Power-to-Heat defines the conversion of electrical energy into heat. The purpose of such systems is to utilize excess electricity generated by renewable energy sources which would otherwise curtailed. Power-to-Heat systems are hybrid systems and when there is an excess of energy the heat production can result from electric energy otherwise the traditional heating system will be used. In order to increase flexibility power-to-heat systems are often coupled with heat accumulators.

Renewable Energy Communities (REC)

renewable energy communities involve generation of energy from renewable resources and technologies, which are partly or wholly owned by local communities

Renewable Energy Sources (RES)

Renewable Energy Sources are naturally replenished on a human timescale, such as sunlight, wind, rain, tides, waves, and geothermal heat. Renewable energy often provides energy in four important areas: electricity generation, air and water heating/cooling, transportation, and rural (off-grid) energy services.

Technology Readiness Level (TRL)