Flexibility

Power storage and generation rank third in top ten technologies considered a strategic priority globally by the World Economic Forum.

Flexibility markets have been identified by experts as a key tool in managing grid congestion and ensuring the stability of European grids.

Patrik Möller, CEO of CorPower Ocean, suggests that wave energy is will provide the continuous generation profile needed to stabilise a grid increasingly powered by renewables.

Fluence has supplied a 10.8MW battery-based energy storage system for Killala Community Wind Farm owned by Greencoat Renewables.

We need to drastically increase flexibility within our power systems to ensure sufficient renewables integration and achieve the world's net zero pledges and Paris Agreement goals.

Boris Johnson has said all of the UK's electricity is going to come from clean energy sources by 2035, however rapid increases in flexibility and thermal balancing will be needed to meet the target.

On-site hybrid power plants are a solution for industry and municipalities to control their own energy supply, drive decarbonization, and optimize their energy consumption.

UK network operator UK Power Networks is awarding flexibility contracts of 350MW with a value of £30 million to 17 companies in the energy, tech and vehicle sectors.

The island, which is expected to be realised by 2030, is considered a monumental project and will contribute to increasing renewable energy across Europe.

While the challenges of ensuring adequate flexibility in an ever more complex electricity grid are increasing, frameworks are evolving and stakeholders are responding positively to this, believes industry analyst Guidehouse Insights.