Electron

📣 PRESS RELEASE 📣 Electron, Arup, Energy Systems Catapult, and partners join forces for phase 2 of Flex Markets Unlocked 🎉 The UK Department for Energy Security and Net Zero (DESNZ) has chosen the consortium to continue with phase 2 of the innovation project, which combines their expertise in digitalisation and flexibility markets, to develop solutions which will boost the flexibility of the UK’s energy system. The project will build three components: a Universal Market Register, along with the relevant data standards and primacy rules. The combined benefit will help more flexibility service providers (FSPs) offer their flexible capacity into markets efficiently, breaking down barriers to entry 🙌 Read more ➡️ https://hubs.la/Q02VvvbD0 Harrison Leaf Mikka Alon Chris Broadhurst Jo-Jo Hubbard Marc Laitin Jeremy Macfarland

𝗠𝗲𝗲𝘁 𝘁𝗵𝗲 𝘁𝗲𝗮𝗺 👋 Harrison Leaf is our Head of Data and Implementation Harrison uses his extensive automation expertise to integrate ElectronConnect with software across the flexibility ecosystem. A big part of this is his work on the UK's Flexibility Markets Unlocked initiative, funded by Department for Energy Security and Net Zero (DESNZ), aiming to enable more two-way data streams across multiple markets to help reduce friction for energy assets 👌 Hear from Harrison in the PDF - and head to our site for more on Electron's involvement in Flexibility Markets Unlocked ➡️ https://hubs.la/Q02XtGX00

Are you at CIRED (International Community on Electricity Distribution) Chicago Workshop 2024? 👋 Our CCO, Chris Broadhurst, is there to hear about the innovative solutions aimed at strengthening #GridResilience and to share his thoughts on the how a neutral market platform could slot in ⚡ Whether you’re attending to network, share knowledge, or learn about the latest advancements, Chris will be there today and tomorrow to speak to in person - or you can book in time to chat 👉 https://hubs.la/Q02Xp2Kl0 #EnergyFlexibility

🎉 We’re delighted to be in the running for three awards for our neutral market platform, ElectronConnect: 👉 Innovation of the Year: Systems and software for the edie Net Zero Awards 👉 Utility Partner of the Year for the Utility Week Awards 👉 Power and Energy Award for the Institution of Engineering and Technology (IET) Excellence and Innovation Awards A huge thank you to our talented team, trusted partners, and valued customers who have all been part of our journey so far👏 We’re looking forward to the upcoming ceremonies in November and December, to celebrate alongside all the innovators nominated 🏆

Two days to go until CIRED (International Community on Electricity Distribution) Chicago Workshop 2024 ⏳ The workshop aims to bring together experts to tackle the topic of building resilient electric distribution systems in the US. Our CCO Chris Broadhurst will be there to gain insights and share where our neutral market platform fits in to help support grid resilience 🙌 Want to meet him there? Fill out the form 👌👉 https://hubs.la/Q02WXQr10

Connection queues are consistently hitting headlines, with up to 14-year wait times in the UK ⏳🔌 The Guardian just this week outlines some of the reasons behind those delays ➡️ https://hubs.la/Q02WXPBF0 This is a global issue. As we electrify and decarbonise our power systems, more generators and distributed energy resources need to plug into the grid. For large scale distributed energy resources (DERs), grid reinforcement is often required before that connection can be established. The current process for that reinforcement takes a long time as it was set up for when only one or two large-scale resources per year came online. These queues delay new revenue streams for energy assets – and often delay another source of clean energy contributing to the grid. Solutions have been proposed in the UK, such as allowing assets that are ready to connect to leapfrog those that aren’t, yet code changes also take time. This is one area that flexibility can help support the grid. DERs that agree to flexible connections can get connected more quickly, ahead of a firm, non-flexible connection. DSOs that use flexibility market platforms can also use the cumulative data to better understand where they should prioritise grid reinforcement over flexibility, helping ensure the most efficient allocation of investment to the areas that need them the most 💪 Read more on the enduring role of flexibility, from smart connections to option value ➡️ https://hubs.la/Q02WXPxQ0

At Flexcon 2024, our CCO, Chris Broadhurst, and our CPO, Nick Huntbatch, delivered talks on the role of #EnergyFlexibility alongside electricity network expansion and what UK DSOs are doing to take their market platforms to the next level 💡 Here are a few resources for anyone that missed the insights they shared: 1️⃣ A blog breaking down the answers to questions Chris and Nick were asked at their talks - from how interoperability between platforms could develop to where market rules come from ➡️ https://hubs.la/Q02WN6DV0 2️⃣ A blog outlining the key themes in Chris's talk on how flexibility supports grid reinforcement ➡️ https://hubs.la/Q02WNpxB0 3️⃣ A recording of Nick's talk on how UK DSOs are deploying market platforms set up to scale ➡️ https://hubs.la/Q02WNhK00 #FlexibilityAtScale

📣 𝗠𝗲𝗲𝘁 𝗘𝗹𝗲𝗰𝘁𝗿𝗼𝗻 𝗻𝗲𝘅𝘁 𝘄𝗲𝗲𝗸 𝗮𝘁 𝗖𝗜𝗥𝗘𝗗 𝗖𝗵𝗶𝗰𝗮𝗴𝗼 𝟮𝟬𝟮𝟰 👋 Chris Broadhurst, our CCO, will be at the workshop, getting involved in discussions around how to introduce more resilience into electric distribution systems in the USA. We’re excited to share insights on how Electron's neutral market platform can play a key role in building those stronger, smarter energy networks👌 Want to book in time to meet Chris? Let us know 👉 https://hubs.la/Q02WzXMG0

What were some of the energy flexibility themes highlighted in talks at Enlit Europe 2024? 🤔 📜 There's a wish to accelerate towards a flexible system yet recognition that it will take time without regulatory support and cooperation between all stakeholders, so everyone’s on the same page. For Europe's Network Code on Demand response – which aims to help more demand-side flexibility resources integrate and connect with the energy system - more harmonisation is needed, while leaving space for innovation. This means standardisation in the right way, looking to the UK as a use case in how to set up flexibility products that leave space for distribution system operators (DSOs) to adapt to different technical requirements from their assets. 💡The rollout of supporting technology, such as the implementation of smart meters, needs to accelerate to take advantage of residential flexibility. The Eurelectric Power Barometer in 2023 highlights that there’s 56% smart meter penetration across the EU – with some countries lagging further behind than others. Consumer hardware and software needs to be upgraded so they can become true assets of the grid. 🔌 Similarly, talks highlighted that connections should be smart enabled and therefore set up in the right way for flexibility to be a possibility in the future, even if it isn’t a reality straight away. For example, EV chargers could be smart enabled for Vehicle-to-Grid (V2G) capabilities, to ensure they can charge their batteries and supply power back to the network when needed. 📊 Flexibility markets are growing in importance – yet asset owners need support to ensure there’s liquidity in those markets. The customers with assets that may want to connect need to be better informed on how they can get involved in providing flexible capacity – or the liquidity required to make markets a success will not be realised. The same for consumers: education is required to access their flexible capacity, which is a cheap source of flexibility. 💸 Flexibility was also discussed as a cost-effective alternative to traditional grid reinforcement in some locations, potentially saving significant investment costs. Oonagh O'Grady, Vice President at Hydrostor, shared that flexibility and energy storage aren’t “additions” to the grid but “cogs”, vital for its optimal operation. This highlights the long-term role of flexibility in our grid operations, alongside reinforcement, as we electrify our power systems ⚡

Your six-step checklist to getting started with flexibility ✔️ Are you ready to explore flexibility markets but unsure where to start? Our checklist and four-minute video share six practical steps to help you achieve greater efficiencies in your power grid. Access your resources today 📑 https://hubs.la/Q02W6vgJ0