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With increasing levels of variable renewables in the energy system, new opportunities emerge for hydropower as a provider of flexibility services in modern power markets. To address this question, EPFL is leading a consortium of 18 Swiss and European partners collaborating within the frame of the XFLEX project (Hydropower Extending Power System Flexibility). This project has received € 15 million funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 857832.