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AGN outflows impact the evolution of supermassive black holes host galaxies.Using an ambitious multi-wavelength campaign on Mrk766 we propose to achieve anew level of physical understanding for these enigmatic winds by studying theextra-deep RGS spectrum and the variability of the EPIC-pn data. Throughmonitoring of the ionised absorbers using our new time-dependent photoionisationmodel TPHO we will unambiguously determine the density location and geometryof the different outflow components. These unprecedented constraints allow us toestimate the effect of AGN outflows on their environment by measuring their massflux and kinetic luminosity. We propose a joint xmm (600 ks) and nustar (300 ks)mapping campaign of the well-known and highly variable Mrk766. [truncated! Please see actual data for full text]