11/28/2018

Report: Flexible Energy Solutions Needed to Ensure Smooth Energy Transition

Bloomberg New Energy Finance has published a new report titled ‘Flexibility Solutions for High-Renewable Energy Systems’ which shows alternative scenarios for future power systems in the UK and Germany.

Official Press Release BNEF:

Batteries, Electric Vehicles, Demand Response and Interconnection with Nordic Hydro Will Make U.K. and German Power Systems Cheaper and Cleaner

Wind Industry Profile of

New forms of flexibility key to an affordable, renewables-led power system.

Flexible energy options, such as energy storage, smart-charging electric vehicles, demand response and interconnectors, are needed to ensure that the energy transition proceeds on an optimal path. Our expensive power system would otherwise be reliant on fossil-fueled backup and installing excess wind and solar capacity. The four types of flexibility mentioned above can accelerate the transition to a cleaner power system and ultimately enable the efficient integration of 80% or more renewable energy by 2040, according to two new reports published today by BloombergNEF (BNEF) in partnership with Eaton and Statkraft. The ‘Flexibility Solutions for High-Renewable Energy... ... More: Official Press Release BNEF