The four-year €26m project is aimed at reaching above goals and designing a Pan-European system with an efficient coordinated use of flexibilities for the integration of a large share of renewable energy sources. The project engages 33 partners from 15 countries, including technology providers, research facilities, power generation companies, grid operators and others.

Guardtime is responsible for the cybersecurity aspects of the project, including the data exchange platform, and is leading the tasks around privacy requirements, security technologies needed for data sharing, as well as the data provenance framework.

Martin Ruubel, President of Guardtime Estonia said:
“Evident from our recent wins in the domain with the US Department of Energy and in The Netherlands, it is clear that the Energy sector needs a serious overhaul to stay secure in today’s changing environment. Guardtime is happy to support the Sysflex project with its KSI blockchain technology stack based solutions.”
The Sysflex industry consortium will receive the funding for the project under Horizon 2020, the EU’s €80 billion research and innovation programme, and was launched on November 1st, 2017.