A key and important aspect of future power and energy systems is the integration of renewable and distributed energy resources. In order to develop, test and implement such distributed energy resources appropriate methods, procedures and guidelines are necessary. In 2009 a consortium of sixteen partners from industry and research started the DERri project (Distributed Energy Resources Research Infrastructures) to examine this issue. A special focus of the work in the DERi project is related to the improvement of simulation methods, with emphasis on the real-time domain, in order to support the development and implementation of DER devices. Currently no standardized modelling and simulation procedures as well as data formats for the exchange of realtime models exist; the DERri consortium has begun work on developing suitable exchange mechanisms. This paper presents and examines an approach to providing a standards-based model representation, especially for the real-time simulation of distributed energy resource devices. The main aim of this concept is the improvement of the exchange of model information and results from offline and realtime simulations between different research groups. A major result of this approach is the so called Common Reference Model for distributed energy resource components