PHAETHON-Centre of Excellence

02/06/2026

🔔 Cyprus Electricity Market — Seven Months On ⚡
📈 Elevated prices persisted in April 2026 — alongside near-daily zero-price events driven by strong PV generation

The latest PHAETHON Electricity Market Report examines how geopolitical tensions, renewable generation & system flexibility shaped electricity market outcomes in Cyprus during April 2026.

📊 Key insights from April 2026:
💶 Average Day-Ahead Market (DAM) price: 171.67 €/MWh — lower than March, but still elevated due to geopolitical fuel cost pressures.
📈 Volume-Weighted Average Price (DWAP): 224.51 €/MWh — reflecting persistently high traded-weighted electricity prices.
⚡ Zero-price events: Observed on all days except 1 April, driven by strong midday PV generation & low demand.
🔥 Price peaks persisted: Maximum MCP reached 309 €/MWh during evening demand peaks when conventional generation dominated supply.
⚡ Forward Market (FM): Trading activity reached its highest level since market launch.
🌞 Generation mix: Conventional generation in the DAM declined significantly, while PV generation strongly suppressed midday prices.
🌗 Intraday price dynamics: Stable overnight prices, sharp midday reductions during PV peak output & evening price recovery as renewable generation declines.
⚖️ What drives prices: Interaction between renewable generation, residual load & system flexibility constraints.

🔎 New in this report:
📉 Near-universal zero-price conditions were observed for the first time since market launch, with zero MCPs recorded on all days except 1 April.
☀️ Higher solar irradiation did not necessarily translate into proportionally higher market-cleared RES volumes, highlighting system & operational constraints.

🗣 “April’s results confirm that while geopolitical tensions continue to exert upward pressure on electricity prices, price formation within the Cypriot market remains strongly shaped by the interaction between photovoltaic generation, demand, and system flexibility”, notes Dr Andreas Kyprianou, Associate Professor at UCY, Member of PHAETHON CoE, and co-author of the report.

📘 Download the full PHAETHON Electricity Market Report — April 2026 here:
👉 https://www.phaethon-coe.eu/phaethon-analyses-seventh-month-of-competitive-electricity-market-elevated-prices-zero-pricing-in-april-2026/

💡 Seven months into Cyprus’s competitive electricity market, the picture is becoming clearer: PV generation is increasingly driving zero-price conditions during midday hours, while evening price spikes continue to reflect the importance of system flexibility, residual demand & conventional generation.

Πανεπιστήμιο Κύπρου | University Of Cyprus | Danmarks Tekniske Universitet - DTU | University of Groningen | Cyprus Seeds

19/05/2026

🚀Cyprus Seeds continues to strengthen the pathway from research to real world impact in its role of innovation catalyst. On 21–22 May, CYENS Centre of Excellence, Eratosthenes Centre of Excellence, CMMI - Cyprus Marine and Maritime Institute, PHAETHON-Centre of Excellence, Biobank.cy, EMME - CARE and KIOS Research and Innovation Center of Excellence come together under one shared presence at the Doers Summit Limassol 2026, an initiative Cyprus Seeds pursued to reinforce the Centres of Excellence as key stakeholders of the Cyprus innovation ecosystem.

This initiative reflects the network, solid collaborations and long standing relationships we’ve built across the research community and the growing momentum for researchers, innovation teams, startups and ecosystem partners in Cyprus. 🔬🌍

Join us to meet the Centres of Excellence up close, explore their work and connect with the teams shaping the future of science based innovation in Cyprus.

15/05/2026

Forging the Digital Gateway: PHAETHON CoE and ESG Perform Global announce strategic research & education partnership

The PHAETHON Centre of Excellence is pleased to announce the signing of a Memorandum of Understanding (MoU) with ESG Perform Global Ltd, establishing a strategic research and education partnership focused on ESG performance, sustainability data, and digital infrastructure innovation within a European context.

The agreement reflects a shared ambition to strengthen Cyprus’ role as an emerging innovation hub and to advance collaboration across research, industry, and policy ecosystems in Europe and beyond.

Signed in the presence of representatives from PHAETHON CoE, ESG Perform Global, and the Office of the Chief Scientist for Research, Innovation and Technology of the Republic of Cyprus, the partnership brings together expertise in distributed systems, advanced data analytics, ESG research, and sustainable energy innovation.

Chief Scientist Demetris Skourides described the initiative as opening new pathways for Cyprus in ESG, climate technologies, energy transition, applied research, and digital innovation, and highlighted its role in strengthening international collaboration and knowledge exchange.

The partnership combines PHAETHON CoE’s expertise in distributed systems, advanced data analytics, and sustainable energy research with ESG Perform Global’s PolicyTech and ESG infrastructure capabilities to support research-driven approaches to sustainability and the energy transition across Cyprus and Europe.

We also thank Mr. Marios Tannousis, Chief Executive Officer of Invest Cyprus, for his presence and support.

Read the full media release here:
https://www.phaethon-coe.eu/phaethon-coe-and-esg-perform-global-announce-strategic-research-education-partnership/

Πανεπιστήμιο Κύπρου | University Of Cyprus | University of Groningen | Danmarks Tekniske Universitet - DTU | Cyprus Seeds

05/05/2026

👥 PHAETHON CoE – EMMENA Embassy Outreach | Chairman Meets Bahrain’s Hon. Consul to Advance Regional Energy R&I Cooperation

On Wednesday, 29 April 2026, Prof. Constantinos Christofides, Chairman of the PHAETHON CoE Board of Directors, held a productive meeting with Mr Nicholas K. Tofarides, Hon. Consul of Bahrain to Cyprus, in Nicosia. 🤝🌍🇧🇭

The meeting is part of an ongoing series of engagements with Embassies and diplomatic missions of Eastern Mediterranean, Middle East, and North Africa (EMMENA) countries based in Cyprus. Prof. Christofides presented the Centre’s vision, mission, and key activities, highlighting the importance of establishing a Sustainable Energy Research and Innovation Platform for the EMMENA region, coordinated by PHAETHON CoE. ⚡🔬

The initiative aims to bring together universities and research & innovation institutions across the EMMENA region, with Cyprus serving as a hub for dialogue and cooperation. It will support joint research, innovation, training, and educational activities to help address common challenges in green energy. 🏛️💡

Later this year, PHAETHON CoE will organise a regional workshop in Cyprus with representatives from universities, R&I institutions, and other stakeholders to explore collaboration opportunities and define clear next steps for the EMMENA Platform.

✅ Mr Tofarides expressed his readiness to support the initiative by facilitating connections with entities in Bahrain interested in contributing to the development of the Platform.

Πανεπιστήμιο Κύπρου | University Of Cyprus | Danmarks Tekniske Universitet - DTU | University of Groningen | Cyprus Seeds

30/04/2026

👥 PHAETHON CoE – EMMENA Embassy Outreach | Chairman Meets Oman’s Ambassador to Strengthen Regional Energy R&I Cooperation

On Wednesday, 29 April 2026, Prof. Constantinos Christofides, Chairman of the PHAETHON CoE Board of Directors, held a productive meeting with H.E. Mr Mohamed Abdallah Awad Al-Nahdi, Ambassador of the Sultanate of Oman to Cyprus, in Nicosia. 🤝🌍🇴🇲

The meeting is part of an ongoing series of engagements with Embassies of Eastern Mediterranean, Middle East, and North Africa (EMMENA) countries based in Cyprus. Prof. Christofides presented the Centre’s vision, mission, and key activities, highlighting the importance of establishing a Sustainable Energy Research and Innovation Platform for the EMMENA region, coordinated by PHAETHON CoE. ⚡🔬

The initiative aims to bring together universities and research & innovation (R&I) institutions across the EMMENA region, with Cyprus serving as a hub for dialogue and cooperation. It will support joint research, innovation, training, and educational activities to address common challenges in green energy. 🏛️💡

Later this year, PHAETHON CoE will organise a regional workshop in Cyprus with representatives from universities, R&I institutions, and other stakeholders to explore collaboration opportunities and define clear next steps for the EMMENA Platform.

✅ Ambassador Al-Nahdi welcomed the initiative and expressed his readiness to support its implementation, including by facilitating connections with entities in Oman interested in contributing to the development of the Platform.

Πανεπιστήμιο Κύπρου | University Of Cyprus, Danmarks Tekniske Universitet - DTU, University of Groningen, Cyprus Seeds

28/04/2026

Job Opportunity: Education & Training Director

PHAETHON Centre of Excellence at Πανεπιστήμιο Κύπρου | University Of Cyprus is seeking an experienced academic leader to shape and lead its education and training strategy at a pivotal stage of growth.

This is a senior leadership role focused on designing, developing, and implementing a comprehensive education and training portfolio aligned with cutting-edge research and innovation in sustainable energy systems — spanning solar photovoltaics, smart grids, energy storage, AI-driven analytics & green hydrogen.

➡️ Key areas you will lead:
• Defining and leading the Centre’s Education & Training strategy, including the establishment and development of the department
• Overseeing academic programmes, including Joint Master’s and PhD initiatives delivered in collaboration with leading European universities such as Danmarks Tekniske Universitet - DTU and University of Groningen
• Designing and implementing high-quality education, training, and upskilling programmes aligned with research priorities
• Building and managing strategic partnerships with universities, industry, and public sector organisations
• Developing a pipeline of education and training projects, including externally funded programmes (e.g. Erasmus+, Horizon Europe)
• Leading capacity-building and lifelong learning initiatives for researchers, professionals, and staff

➡️ Why this role matters:
This role sits at the core of PHAETHON’s long-term development, shaping how research excellence translates into structured education pathways, advanced skills development, and measurable impact across the energy transition.

➡️ Profile we are looking for:
• PhD or Master’s degree in Engineering or a related field
• Minimum 7 years of relevant experience in academia, research, or higher education leadership roles
• Proven experience in curriculum development, teaching, or academic programme coordination
• Strong understanding of the intersection between education, research, and innovation, particularly in energy or sustainability domains
• Experience in European-funded programmes (e.g., Erasmus+, Horizon Europe) is highly desirable
• Strong leadership, organisational & partnership-building skills
• Excellent command of English (knowledge of Greek will be considered an advantage)

📍 Based in Cyprus | Flexible working arrangements available
💼 €50,400 – €74,400 gross annual salary
📅 Application deadline: 29 May 2026

If you are motivated by shaping education systems, building impactful programmes, and advancing skills development in the energy transition, we invite you to apply.

For full details and application:
https://www.phaethon-coe.eu/job/director-of-education-training/

Πανεπιστήμιο Κύπρου | University Of Cyprus | Danmarks Tekniske Universitet - DTU | University of Groningen | Cyprus Seeds

28/04/2026

Job Opportunity: Infrastructure & Engineering Director

PHAETHON Centre of Excellence at Πανεπιστήμιο Κύπρου | University Of Cyprus is seeking an experienced engineering leader to define and lead its infrastructure and engineering strategy at a pivotal stage of growth.

This is a senior leadership role responsible for planning, developing, and managing the Centre’s research infrastructure, laboratory environments, and engineering operations, ensuring efficient, safe, and scalable performance in support of PHAETHON’s mission in sustainable energy research.

The role spans the full lifecycle of research facilities and technical systems, enabling cutting-edge work in areas such as photovoltaics, smart grids, energy storage, AI-driven analytics, and green hydrogen.

➡️ Key areas you will lead:
• Defining and leading the Centre’s Infrastructure & Engineering strategy, including establishment and development of the department
• Planning, development, and management of research infrastructure, laboratories & technical facilities
• Acting as a strategic advisor on capital investments, laboratory expansion, and engineering systems development
• Managing departmental budgets, including capital planning
• Leading engineering & technical teams delivering infrastructure services and applied engineering support
• Supporting proposal development and securing external funding for infrastructure & large-scale facilities
• Ensuring compliance with environmental & regulatory requirements

➡️ Why this role matters:
This role is central to enabling high-impact research & innovation at PHAETHON CoE, ensuring world-class infrastructure and engineering systems support the Centre’s long-term scientific and operational growth.

➡️ Profile we are looking for:
• PhD or Master’s degree in Engineering or a related field
• Minimum 7 years of relevant experience in infrastructure management, engineering leadership, or technical operations
• Proven experience in laboratory, facility, or research infrastructure development
• Strong background in budget management, capital planning, and resource optimisation
• Strong leadership, coordination, and stakeholder management skills
• Understanding of research or innovation-driven environments
• Excellent command of English (knowledge of Greek will be considered an advantage)

📍 Based in Cyprus | Flexible working arrangements available
💼 €50,400 – €74,400 gross annual salary
📅 Application deadline: 29 May 2026

If you are motivated by building and leading high-performance engineering systems that enable cutting-edge research & innovation, we invite you to apply.

For full details and application:
https://www.phaethon-coe.eu/job/infrastructure-engineering-director/

Πανεπιστήμιο Κύπρου | University Of Cyprus | Danmarks Tekniske Universitet - DTU | University of Groningen | Cyprus Seeds

27/04/2026

Job Opportunity: Fundraising & Strategic Partnerships Manager

PHAETHON Centre of Excellence is seeking a strategic and results-driven professional to lead its fundraising and partnerships agenda at a pivotal stage of growth.

This is a senior role focused on designing and implementing a structured fundraising strategy that supports cutting-edge research and innovation in sustainable energy — spanning solar photovoltaics, smart grids, energy storage systems, AI-driven analytics, and green hydrogen technologies.

➡️ Key areas you will lead:
• Developing and leading a comprehensive fundraising and donor engagement strategy
• Building and managing strategic partnerships with corporate partners, foundations, and individual donors
• Leading major fundraising campaigns and partnership agreements
• Supporting funding streams for PhD scholarships, research programmes, infrastructure, and innovation initiatives

➡️ Why this role matters:
This is a strategic role at the core of PHAETHON’s long-term sustainability and growth, ensuring that research excellence is translated into meaningful impact in the global energy transition.

➡️ Profile we are looking for:
• Proven experience in fundraising, corporate partnerships, or donor relations at a senior level
• Strong strategic thinking, negotiation, and stakeholder management skills
• Ability to engage effectively with high-level external partners
• Fluency in Greek and English

📍 Based in Cyprus | Flexible working arrangements available
🗓️ Deadline: 29 May 2026

If you’re motivated by impact, partnerships, and shaping meaningful long-term value in the energy transition, we’d like to hear from you.

For full details and application:
https://www.phaethon-coe.eu/job/fundraising-strategic-partnerships-manager/

Πανεπιστήμιο Κύπρου | University Of Cyprus | Danmarks Tekniske Universitet - DTU | University of Groningen | Cyprus Seeds

24/04/2026

Το Κέντρο Αριστείας ΦΑΕΘΩΝ υποστηρίζει ενεργά τη νεοσύστατη Ενεργειακή Κοινότητα Πολιτών «Λευκοθέα», μια σημαντική πρωτοβουλία του Δήμου Λευκωσίας και του Δημάρχου του, Charalambos Prountzos

Η πρωτοβουλία αυτή αποτελεί ένα ουσιαστικό βήμα προς την ενίσχυση της ενεργειακής ανεξαρτησίας, τη μείωση του ενεργειακού κόστους για πολίτες και επιχειρήσεις, καθώς και την αντιμετώπιση της ενεργειακής φτώχειας μέσα από συλλογικές και καινοτόμες λύσεις.

Η ανάπτυξη των Ενεργειακών Κοινοτήτων στην Κύπρο ενδυναμώνει τους πολίτες και τους οργανισμούς να συμμετέχουν ενεργά στην πράσινη μετάβαση, συμβάλλοντας στη διαμόρφωση ενός πιο βιώσιμου και ανθεκτικού ενεργειακού μέλλοντος για όλους.

🤝 Στηρίζουμε πρωτοβουλίες που προάγουν τη συνεργασία και ενθαρρύνουμε τη συμμετοχή περισσότερων φορέων και πολιτών σε αυτό το κοινό όραμα.

Δήμος Λευκωσίας - Nicosia Municipality

#ενεργειακέςκοινότητες #Λευκοθέα #Λευκωσία #ΠράσινηΜετάβαση #ΒιώσιμηΑνάπτυξη #ενεργειακήφτώχεια #Κύπρος

Πραγματοποιήθηκε σημερα η συνεδρία του Διοικητικού Συμβουλίου της Ενεργειακής Κοινότητας Πολιτών «Λευκοθέα», στο πλαίσιο της οποίας συζητήθηκαν οι επόμενες δράσεις και ο στρατηγικός προγραμματισμός της Κοινότητας.

Στη συνεδρία συμμετείχαν, μεταξύ άλλων, εκπρόσωποι των Δήμων Λευκωσίας, Λατσιών–Γερίου και Λακατάμειας, καθώς και σημαντικών φορέων και οργανισμών, όπως το ΕΒΕ Λευκωσίας, το Center for Social Innovation (CSI), ο Σύνδεσμος Καταστηματαρχών Πεζοδρόμων Λευκωσίας, το Κέντρο Αριστείας Φαέθων, καθώς και ο κ. Χαράλαμπος Θεοπέμπτου.

Κατά τη διάρκεια της συνεδρίασης έγινε εκτενής ανταλλαγή απόψεων αναφορικά με τις προτεραιότητες της Κοινότητας για το επόμενο διάστημα, με έμφαση:

1. Στην ενίσχυση της ενεργειακής ανεξαρτησίας,
2. Στη μείωση του ενεργειακού κόστους για πολίτες και επιχειρήσεις,
3. Καθώς και στην αντιμετώπιση της ενεργειακής φτώχειας μέσα από συλλογικές και καινοτόμες λύσεις.

Ιδιαίτερη έμφαση δόθηκε στη διεύρυνση της συμμετοχής πολιτών, επιχειρήσεων και οργανισμών, με στόχο την ενδυνάμωση του συνεργατικού χαρακτήρα της Κοινότητας και τη δημιουργία ενός βιώσιμου ενεργειακού μέλλοντος για όλους.

23/04/2026

🔔 Cyprus Electricity Market — Six Months On ⚡
📈 Record-high prices and strong volatility define March 2026

The latest PHAETHON Electricity Market Report examines how geopolitical developments, fuel costs, and renewable generation shaped electricity prices — revealing the highest price levels since market launch alongside pronounced intraday fluctuations.

📊 Key insights from March 2026:
💶 Average Day-Ahead Market (DAM) price: 190.58 €/MWh — the highest level observed since market launch.
📊 Price volatility: Sharp intraday swings, with zero prices at midday and price spikes in the evening.
🌞 Zero-price events: Frequent between 09:30–15:00, driven by strong PV generation.
🔥 Price peaks intensified: Maximum MCP reached 299 €/MWh, during evening demand peaks with low RES output.
⚡ Forward Market (FM): Average traded volume 97.27 MWh, among the highest recorded so far.
🌱 Generation mix: RES generation reached its highest level to date, yet conventional generation remained critical in non-solar hours.
⚖️ What drives prices: Interaction of renewable generation, residual load, and system flexibility — with external fuel costs playing a key role this month.

🔎 Market insights:
March illustrates the three-phase daily price pattern — stable high prices overnight, sharp midday declines due to PV output, and strong evening rebounds as renewables fade and demand rises. Importantly, even at similar RES levels, prices varied significantly, highlighting the critical role of residual demand and system constraints.

🗣 “March’s results highlight how external factors, such as fuel price increases driven by geopolitical tensions, can significantly influence electricity market outcomes”, notes Dr Andreas Kyprianou, Associate Professor at UCY, Member of PHAETHON CoE, and co-author of the report. “At the same time, while renewable energy can strongly suppress prices during high-generation periods, overall price formation remains dependent on residual load and system flexibility”.

📘 Download the full PHAETHON Electricity Market Report — March 2026:
👉 https://www.phaethon-coe.eu/phaethon-analyses-sixth-month-of-competitive-electricity-market-price-volatility-record-high-prices-in-march-2026/

💡 Six months into the new market, a clearer picture is emerging: renewables are driving midday price reductions, but price volatility and overall levels remain sensitive to external costs, demand conditions, and system flexibility. Managing this interaction will be key to delivering stable, affordable, and sustainable electricity.

Πανεπιστήμιο Κύπρου | University Of Cyprus, Danmarks Tekniske Universitet - DTU, University of Groningen, Cyprus Seeds