Recording of Thursday, June 20, 2024 | The smarter E Europe Exhibition Program 2024 | Exhibition Program | Language: English | Duration: 8:08 .
Viktor Persson, a strategy and business developer at Siemens, discusses the importance of flexibility in energy systems, particularly in light of Europe's transition to a CO2-neutral society. The focus is on finding solutions for energy storage and management beyond traditional batteries. Despite significant growth in renewable sources like wind and solar power, Europe faces substantial grid constraints that hinder both consumption capacity expansion and new renewable installations due to lengthy permitting processes. Flexibility services are highlighted as crucial for optimizing these challenges. Flexibility isn't limited to battery use; it involves managing various assets such as natural gas, biogas, hydrogen, and even adjusting consumer behavior. A digital twin model representing each asset's operation cost-effectively forecasts energy prices and load demands. A case study from Belgium demonstrates this approach’s efficacy: a medium-sized hospital achieved 6-7% annual cost savings by implementing software-driven optimization without using batteries—showing quicker payback compared to traditional battery investments. Viktor emphasizes contacting him for more information on these innovative strategies.
Automated summarization by AI Conver
A decentralised, flexible energy system puts energy consumers at the fore-front of the clean energy transition. Through demand-side flexibility, consumers are able to adjust their consumption, store energy, and inject energy into the grid during peak moments, contributing to a more efficient and sustainable decarbonisation pathway. smartEn has calculated that, with help from flexible consumers, in 2030 the EU energy system could avoid 15.5 TWh in renewable energy curtailment, a 61% improvement compared to if no action is taken, and avoid investments in 60 GW of peak generation capacity, equivalent to 137 gas peaking plants, resulting in €2.7 billion saved annually. This session aims to deep-dive into how decentralised assets such as PV, Stationary and Mobile storage, amongst others, are key to reducing costs for consumers, increasing the uptake of renewables and solving grid congestion issues.
Further Talks of this session: