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The growth of renewable energy generation and customer demand for distributed energy resources (DER) are contributing to utility of the future. The flexible customer demand means we will move from a world where we forecast demand and schedule supply, to a world where we forecast supply and schedule demand. Read more here.
A report released by Pacific Northwest National Laboratory has highlighted that - in the largest simulation of its kind - a transactive energy system that gives flexible control over energy supply and use patterns could save consumers $50 billion a year. The simulation showed if the transactive energy system were deployed on the Electric Reliability Council of Texas (ERCOT) grid, peak loads would be reduced by up to 15% - saving up to $5 billion annually in Texas alone. The savings would equal the annual output of 180 coal-fired power plants nationally. You can read the full article from Science Daily here.
The DNO expects the project, named Equinox, to answer key questions about the role operators can play in encouraging heat decarbonisation in the most cost-effective way for customers. Equinox is being part funded by Ofgem’s Network Innovation Competition, receiving £7.2 million. Read more here.
Utilities are having to embrace digitalisation to achieve the levels of flexibility required by grids based predominantly on distributed intermittent generation assets. Technology such as IoT are giving utilities new tools to enhance operations —and pointing the way to the utility of the future. Read Reuters Events' white paper and theenergyst's full article here.
The Energy Digitalisation have released their recommendations for creating a digitalised energy system. The Taskforce focused on four main areas, including; bringing value to consumers, accelerating decarbonisation, maintaining a stable, secure and resilient system and optimising whole system investment and operation. Read more here.
The continued growth of the renewable energy industry must be managed with cybersecurity in mind. According to an article by ZD Net, the energy industry is already a high-profile target for hackers. The rapid transition towards renewable energy could create new avenues for cyber criminals to explore. Read more here.
The Crowdflex project has found that domestic flexibility can significantly reduce peak demand - with even further reductions enabled by electric vehicles thanks to V2G use. The project investigated price signalling with enduring and one-off signals - with Time of Use tariffs reducing demand by up to 23% in peak times. You can read the full article from Current+ here.
According to an article written by Automotive World, the number of plug-in hybrid vehicles grew by 90% year on year as of October 2021. It is critical that energy infrastructure grows alongside the swelling number of EV's on the roads. Read more here.
As another year draws to a close, the entire team at ESG would like to wish you a Merry Christmas and a prosperous New Year!
According to a report written by Citizens Advice, changes on how we use energy are going to have to be made in order to get our homes ready for Net Zero. Smart energy products are currently on the market, however not everyone can use them. Citizens Advice have created a list of considerations for both the Government and Regulatory board in order for customers to; feel confident about the contracts they are signing up to, where to go for support and how they can have control over their data. To read more, click here.
California is experiencing growth due to investment in climate solutions and the clean energy transition. New efficiencies in appliance technology and building electrification requirements are helping California to use less energy. With almost three dozen companies manufacturing EVs in the state, they have just reached 1 million EVs sold, making it their largest export. Click here to read more.
According to an article written by Energy storage news, Bloomberg NEF forecast that there will be investment worth US$262 billion by the end of 2020. Making 345GW / 999GWh of new energy storage deployments, with cumulative installations reaching 358GW / 1,028GWh by 2030. Here at ESG, we have members of the team investing in energy storage and heat pumps, including CMO Mark Coyle. To read more about BloombergNEF's Global Energy Storage Outlook report, click here.
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