Overview & Objectives
Our Mission
“Our mission is to revolutionize energy sharing in Cyprus by leveraging cutting-edge technology, promoting sustainability, and empowering communities.”
The DYNAMO project aims to develop a decentralized platform for energy exchange in microgrids, which will be implemented in a pilot location by the Electricity Authority of Cyprus, promoting the participation of producer-consumers (prosumers) and enhancing both green technologies and social welfare. At the same time, a new scheme for energy management and pricing will be developed with the aim of maximizing the use of energy produced within the microgrid and reducing imports from the central grid. This scheme will use machine learning techniques to enhance energy storage and accurately predict energy profiles and prices, ensuring optimal energy management and cost reduction for consumers. The DYNAMO project, which is co-funded by the Research and Innovation Foundation (RIF) with the support of the European Union through the RESEARCH IN ENTERPRISES program (ENTERPRISES/ENERGY/1123/0048), has a duration of two years and focuses on upgrading the way energy is managed and consumed at the household and community levels.
