Energy Sharing: Making PV Standard on Roofs - Austria's Experience

Recording of Wednesday, June 19, 2024 | The smarter E Europe 2024 | Conference Program | Language: English | Duration: 16:21 .

neoom's CEO Walter Kreisel Discusses the Future of Renewable Energy and Decentralized Storage Solutions at Munich Fair

Walter Kreisel, CEO and founder of neoom, addresses the importance of renewable energy expansion through centralized wind and solar power plants. He emphasizes that as more renewable resources are deployed, the initial costs drop due to their payback period. However, current state-owned grids struggle with handling this volatile production, necessitating an increase in decentralized energy producers or "prosumers." By leveraging both decentralized production and storage solutions—such as residential and commercial storages as well as grid-connected systems—neoom aims to reduce reliance on extensive grid infrastructure investments. Kreisel draws parallels between data storage advancements lowering internet costs and how electricity could follow suit by making it a commodity. neoom's strategy involves creating a platform where customers can produce, store, share their energy efficiently using various devices connected via an app. They offer skills like Connect for device management and Grid for selling flexibility in dynamic markets. With AI-driven analytics considering factors like weather forecasts and demand predictions, neoom optimizes cost savings while promoting community-based energy sharing initiatives seen across Europe. This holistic approach is designed to help consumers manage consumption better while potentially reducing overall electricity bills significantly by cutting peak demands and prices.

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Speaker

Walter Kreisel
Chief Executive Officer (CEO) & Founder
neoom
Austria

Talk of session: Energy Communities and Smart Energy Sharing

Energy communities, whose members engage in self-consumption and local energy sharing of renewable energy, offer significant potential. Besides smart energy sharing, members of the community cooperate in energy production and consumption.

The recent energy market revision recognizes the potential of energy communities for reducing grid congestion and promoting local decarbonization efforts, and their contribution to standardizing processes and aligning them with existing structures.

Explore the potential of energy communities, direct citizen involvement and local decarbonization projects that ensure grid security and customer protection.