Today, the energy industry is focused on achieving Net Zero emissions and a transition to renewable power production is taking central place. However, wind and solar power production exhibit natural fluctuations of volumes which need to be compensated for a secure and balanced grid operation. This can be achieved by adding flexibility to the energy system based on power storage, investments into power grid and flexible consumption. The flexibility needs to be managed in real time to ensure grid balancing and effective use of resources. Thus, the shift towards sustainability demands a closer look at the tools and technologies that will pave the way for a carbon-neutral future. Smart metering, prosumers, Demand Response (DR), and power storage are innovations enabling the transition to so-called microgrids. These self-contained energy ecosystems hold the key to ensuring power supply reliability and grid balancing within specific areas. They can play a role of virtual power plant if these resources are aggregated and managed as one production asset communicating with DSO and acting as a power asset on the market. An integral part of such micro grid are the software tools which enable management and optimization of complex flexible energy systems. While ComTech Advisory has… continue reading
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