Digitalisation in solar and across the wider European energy market could create “vast” market opportunities and entirely new business models, a new report has found.
Great Britain’s electricity networks will collaborate on new markets for flexibility services to rival the need for traditional upgrade investments, developing a national smart grid which could deliver £17 billion back to the economy by 2050.
Citing significant developments in the fields of decentralised generators, smart meters and big data, Ofgem has launched a consultation which could bring about the end of the conventional ‘supplier hub’ model in the UK.
The controversial roll-out of smart meters for consumers has the potential to be the “next universal credit” if it is poorly managed, Labour MP Caroline Flint has warned.
Energy network companies have unveiled plans to join forces and develop joint network innovation strategies across gas and electricity, with the latter seeking to create new opportunities in battery storage, renewable generation and other developing technologies.
UK Power Networks is collaborating on a smart grid project with National Grid which it says will mark a “significant step” towards it becoming a Distribution Systems Operator (DSO).
Siemens has helped start a smart grid pilot project in Rotterdam that will connect 20,000 homes with renewables and storage facilities.
The Liberal Democrats have pledged to financially support cutting-edge grid and storage technologies as part of a comprehensive clean energy plan in its manifesto.
Distribution network operator and energy firm Scottish and Southern Electricity (SSE) has revealed how it is preparing for a new, more flexible energy system in the UK.