Report: Flexible Energy Solutions Needed to Ensure Smooth Energy Transition

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

Keywords:

BNEF, Bloomberg, energy ransition, battery, storage, energy system, transformation, flexibility, UK, Germany, scenario