It is a fact that the world is transforming from conventional fossil energy sources and towards renewable energy sources.
We see that most of the new renewable energy sources are solar and wind, which must be consumed when produced – the energy system is changing from fixed to occasional production. Without batteries, there is no way to save sun and wind power, and we must be very good at predicting when we get solar and wind production to keep the power system in balance. Furthermore, the new production sources will be more decentralized in the grid, unlike the major conventional energy sources that have been providing large areas. Smaller solar panels may only provide one house. Thus, we say that the power system goes from being centralized to being decentralized.
All of these trends lead to some challenges for today's grid. Greater uncertainty and volatility in production and consumption will lead to greater challenges in the power grid and bottlenecks and capacity challenges will occur. The consequence is reduced lifetime of grid components and large investments.These volatilities will be reflected in the power markets, where we already see higher prices and much more extreme prices.
So to solve these challenges we need to make our power system smarter, we must be good at forecasting consumption and production, we must measure real-time values everywhere, we must be able to control consumption, production and storage in the grid to ensure balance at all times. It is essential that the power markets operate closer to real-time, which means that markets must be fully automated.
And flexibility and adaptability are the key to meeting tomorrow's power system. Enfo will support the flexibility providers with the right technology and competence, so that they are able to maximize the value of their flexible assets in the energy markets.