A smart local flexible energy market trial dubbed the Urban Energy Club has started offering simulated flexibility services after the installation of a new battery.
Four projects have passed the initial screening for the Electricity Network Innovation Competition (NIC), with network operators seeking £29 million for green heat and flexibility.
Lightsource Labs has announced its first commercial partnerships with network operators, signing contracts to deliver local flexibility with UK Power Networks (UKPN) and Western Power Distribution (WPD).
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.
