CENTS Project


CENTS enables both individual consumers and their broader communities generating their own electricity to provide a blockchain-based platform to trade electricity based on a cooperative model. CENTS will significantly disrupt the Irish electricity market but aims to co-exist with the current market.

About CENTS CENTS Partners

About CENTS

The Cooperative ENergy Trading System (CENTS) is a collaborative project coordinated by the IERC and will rely on the industry experience from MPower, mSemicon and CRES, in addition to the research capabilities of UCC, NUIG, and DIT. It is a disruptive technology platform for the electricity sector where consumers and communities will be empowered with the necessary infrastructure to generate their own electricity, earn from the electricity generation, and finally, to be an integral part of decarbonizing their homes and communities for sustainable living.

CENTS is the only project supported under the Energy, Climate Action and Sustainability priority area. It provides a software solution for a blockchain-enabled cooperative peer-to-peer energy trading platform and proposes necessary hardware requirements and market and regulatory strategies.



The CENTS blockchain enabled cooperative P2P energy trading platform addresses several of the National Strategic Outcomes (NSO) such as Transition to a low-carbon and climate resilient society (NSO 8), A Strong Economy Supported by Enterprise, Innovation and Skills (NSO 5), Compact Growth (NSO 1), Enhanced Regional Accessibility (NSO 2), and Strengthened Rural Economies and Communities (NSO 3) as targeted by Project Ireland 2040.

CENTS Consortium Partners



CENTS RPO Partners
  • International Energy Research Centre (IERC)
  • University College Cork (UCC)
  • National University of Ireland Galway (NUIG)
  • Technological University Dublin (TU Dublin)


CENTS SME Partners
  • Smart MPower
  • MSemicon>
  • Community Power

News

“The Disruptive Technologies Innovation Fund (DTIF) is a key part of both Project Ireland 2040 and the government’s new Future Jobs Ireland initiative. It is one of the first funds of its kind in the world and it will ensure that Ireland is at the cutting edge in terms of developing new technologies which will change the way we live and work in the future.

“I congratulate Tyndall National Institute and its industry and other partners on their success under the first ever DTIF Call. The fact that four of the 27 successful projects have Tyndall involvement is a clear indication of the quality, novelty and industry-relevance of the research conducted at Tyndall.

“The government recognises the valuable role that Tyndall is playing in developing game-changing technology that improves our lives and also ensures that Ireland is highly competitive and well positioned in securing the jobs of the future.”

Minister for Business, Enterprise and Innovation Heather Humphreys



Contact

For more information please contact:
Brian O’Regan
Senior Research Engineer, IERC
E: brian.oregan@ierc.ie
T: (021)-234-6944



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