The global demand for residential flexibility solutions is set to exceed £4.6 billion ($6.5 billion) by 2030, according to a new report from Guidehouse Insights.
The opportunity to hit net zero by 2050 globally is “narrow but still achievable” if renewables grow to dominate the energy sector, while no additional investments into fossil fuels are made.
Western Power Distribution has outlined how the cost of flexibility procurement over the next five years could reach £9.3 million in its first Distribution Network Options Assessment (DNOA).
The Department for Business, Energy and Industrial Strategy (BEIS), together with Ofgem and Innovate UK, has launched a new Energy Digitalisation Taskforce (EDiT) .
Electricity North West (ENW) has become the latest distribution network operator (DNO) to join Flexible Power, a platform designed to make engaging with network flexibility simpler.
SET Ventures has led a funding round into European flexible solutions provider ESFORIN SE, with sonnen founder Christoph Ostermann also participating.
