Free Energy? How Renewables and Intelligent Energy Management Can Make This Dream Come True

The smarter E Podcast Episode 177 | May 30, 2024 | Language: English

Demand-side flexibility is essential for an energy system, with an increasing number of decentralized and renewable energy resources. Both the energy system and society in general rely on consumers who adapt their energy consumption to the available grid capacity. Digitalization and new technologies such as smart meters and market-based solutions are turning consumers into active players.

So how could demand-side flexibility be incentiviced and what could flexibility marketing look like in different sectors? And which role do home batteries and the aggregation of small producers and consumers play?

Kieron Stopforth, Senior Manager at Octopus Energy Group reveals that and more.

Timeline:

  • 02:04 Why is demand-side flexibility essential for a flexible energy system?
  • 08:55 Which assets have the biggest potential for flexibility?
  • 11:22 What about the homeowners' batteries to store grid electricity when it is cheap so that it can be fed back into the grid at times of high prices?
  • 15:30 What conditions must an electricity market fulfill for a business model like Octopus Energy Group with flexibility to work?
  • 20:25 What needs to be done to make better use of existing flexibility potential and how can people be motivated to make their flexibility available?

About The smarter E Podcast

The smarter E podcast is all about the current trends and developments in a renewable, decentralized and digital energy industry. Our moderators Tobias Bücklein and Zackes Brustik welcome and interview personalities who shape our industry and drive developments forward. A new episode is published every Thursday.

Click on the logo to listen to the podcast on the platform of your choice.

About Kieron Stopforth and Octopus Energy

Kieron Stopforth, Senior Manager bei der Octopus Energy Group

Kieron is Senior Manager at Octopus Energy Group. He is responsible for delivering new customer propositions making energy more flexible. His work includes creating Saving Sessions, the largest UK customer demand shift programme ever with 1.9GWh shifted over 14.5 hours from 700,000 customers, and Intelligent Octopus, the largest smart charging virtual power plant in the UK with 800MW and 125,000 electric vehicles. Kieron is a Fulbright Scholar and holds an MBA from Harvard Business School.

Octopus Energy is on a mission to profoundly change the universe by building a truly sustainable energy system worldwide. The company strives to make energy greener, smarter and more affordable for all. Customers are at the center of everything Octopus Energy does: with always fair prices, transparency and outstanding customer service. The company is driving systemic change with transformative technology to make renewable energy the norm and end global dependence on fossil fuels.

The Octopus Energy Group consists of 10 companies spanning 6 countries on 3 continents, including Octopus Energy Retail, Kraken Technologies, Octopus Energy Generation, Kraken Flex, Octopus Electric Vehicles and the Octopus Centre for Net Zero.

Content Partner

Supporter

The International Exhibition for Energy Management and Integrated Energy Solutions
Learn more
Further Content
Publications
Market Insights: Perspectives of Installers in the Polish Energy Landscape

Issue 12 | November 20, 2024

Study on perspectives of installers in the Polish Energy Landscape

Expert Interview
How a Digital Twin Can Help Developing the European Power Grid

August 14, 2023

Interview with Peter Vermaat, EU DSO Entity, on developing the European power grid.

AgriVoltaics Industry Forum Europe 2024
Introduction: PV in its Many Forms

Tuesday, November 6, 2024 10:05am–11:00am

AgriVoltaics Industry Forum Europe 2024

premium account

Related applications of PV and how they impact AgriVoltaics

Webinar
The Promising Growth Outlook of Energy Storage in Brazil and Mexico

July 18, 2024

Despite the exponential growth of the global energy storage market, Latin America has not yet emerged as a significant player. Currently, the largest energy storage projects in the region are being implemented in Chile.

The smarter E Europe Conference 2023
Welcome & Introduction: Financing Utility-Scale Storage: Where is Equity Heading Next, and Where Does Debt Belong?

Wednesday, June 14, 2023, 02:00 pm - 03:30 pm

The smarter E Europe Conference 2023 | Conference Program

free account

There is plenty of equity available for financing grid-scale storage across Europe. Projects no longer need to adapt their commercial models to accommodate debt. This panel session examines which national markets are particularly exciting for equity investors, and which revenue streams and project maturities can justify the use of leverage.

You are using an outdated browser

The website cannot be viewed in this browser. Please open the website in an up-to-date browser such as Edge, Chrome, Firefox, or Safari.