The EcoGrid EU project, led by a European Union-funded consortium, will demonstrate a smart energy grid which will allow smart devices to use renewable energy based on near real-time pricing and availability.
This project will be piloted on the Danish island of Bornholm with 2,000 residents and commercial users.
Using smart meters and a Web-based app, that runs on smartphones, tablets and PCs, consumers can schedule when to buy electricity online and at what price.
With 16 partners from ten different countries, the demonstration will continue for the next 48 months with set goals to increase consumer interest in smart grids, and develop new technologies, IBM said.
EcoGrid EU is a continuation of the Electric Vehicles in a Distributed and Integrated Market using Sustainable Energy and Open Networks (EDISON) project.
EDISON was launched in 2009 to demonstrate a smart grid for the large-scale adoption of electric vehicles powered by wind energy.
