X
  • Renewable Power
  • Nuclear Power
  • Thermal Power
Power Gen Advancement
  • Home
  • News

    Role of Grid Modernization For Energy Transition In Europe

    Global Equity Indices Show Minimal Clean Energy Exposure

    Investment Opportunities of India For Net-Zero Goal By 2050

    Grid Investment Imperative For Energy Transition In Europe

    Grid Investment Imperative For Energy Transition In Europe

    New Dutch Restriction Contract Manages Peak Energy Demand

    New Dutch Restriction Contract Manages Peak Energy Demand

    Grid Governance Adjustments For Climate Neutrality By 2050

    Grid Governance Adjustments For Climate Neutrality By 2050

    Optimizing Rising EU Electricity Prices Amid Ukraine War

    Electricity Companies Face Penalties By Ofgem For Profits

    UK Grapples With Grid Challenges On The Road To Net Zero

    UK Grapples With Grid Challenges On The Road To Net Zero

  • Market Moves
    Refiners Should Not Be Making Above Normal Profits- Biden

    Refiners Should Not Be Making Above Normal Profits- Biden

    Cluster of Businesses Want The EU To Improve Energy Security

    Cluster of Businesses Want The EU To Improve Energy Security

    Enel plans to expand power distribution business into US

    In A Move To Avert Blackouts Australia Halts Power Market

    Central American Development Bank commits $800 million toward the fuel relief effort

    Central American Development Bank commits $800 million toward the fuel relief effort

    A New 500-MW Supercritical Coal-Fired Power Plant Going into Operationa in Philippines

    EU Reduces Plans of Fossil-Fueled Electricity By One-Third

    BP to invest up to £18 billion in UK energy system by 2030

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    GE Renewable Energy connects the world's most powerful hydro unit to the grid in Wudongde, China

    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

  • Press Statements

    EVENT: IEC Standardization leaders convene in Amsterdam to review utility interworking of IEC 61850 for Substations, IEC CIM for Control Centers, and IEC 62443 for OT Cybersecurity

    CWIEME Berlin attracted thousands of visitors to Messe Berlin

    CWIEME Berlin off to a stellar start

    Introducing the CWIEME Advisory Board for 2023

    Toyota granted Zero Emission CARB Executive Order for heavy-duty fuel cell electric powertrain kit

    Toyota granted Zero Emission CARB Executive Order for heavy-duty fuel cell electric powertrain kit

    SFC Energy AG Strengthens North American Business and Opens Competence Center for Hydrogen Fuel Cells in Canada

    SFC Energy AG Strengthens North American Business and Opens Competence Center for Hydrogen Fuel Cells in Canada

    TECO 2030 Starts Manual Production of Fuel Cell Stacks

    TECO 2030 Starts Manual Production of Fuel Cell Stacks

    Sustainable energy: industry get-together at hy-fcell

    India achieved a solar share of 10.69 percent of installed power capacity

    Altea Green Power inks deal with Aer Soleir to build 300MW projects in Italy

  • White Papers
  • Projects
  • Events & Conferences
  • Contact Us
No Result
View All Result
  • Home
  • News

    Role of Grid Modernization For Energy Transition In Europe

    Global Equity Indices Show Minimal Clean Energy Exposure

    Investment Opportunities of India For Net-Zero Goal By 2050

    Grid Investment Imperative For Energy Transition In Europe

    Grid Investment Imperative For Energy Transition In Europe

    New Dutch Restriction Contract Manages Peak Energy Demand

    New Dutch Restriction Contract Manages Peak Energy Demand

    Grid Governance Adjustments For Climate Neutrality By 2050

    Grid Governance Adjustments For Climate Neutrality By 2050

    Optimizing Rising EU Electricity Prices Amid Ukraine War

    Electricity Companies Face Penalties By Ofgem For Profits

    UK Grapples With Grid Challenges On The Road To Net Zero

    UK Grapples With Grid Challenges On The Road To Net Zero

  • Market Moves
    Refiners Should Not Be Making Above Normal Profits- Biden

    Refiners Should Not Be Making Above Normal Profits- Biden

    Cluster of Businesses Want The EU To Improve Energy Security

    Cluster of Businesses Want The EU To Improve Energy Security

    Enel plans to expand power distribution business into US

    In A Move To Avert Blackouts Australia Halts Power Market

    Central American Development Bank commits $800 million toward the fuel relief effort

    Central American Development Bank commits $800 million toward the fuel relief effort

    A New 500-MW Supercritical Coal-Fired Power Plant Going into Operationa in Philippines

    EU Reduces Plans of Fossil-Fueled Electricity By One-Third

    BP to invest up to £18 billion in UK energy system by 2030

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    GE Renewable Energy connects the world's most powerful hydro unit to the grid in Wudongde, China

    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

  • Press Statements

    EVENT: IEC Standardization leaders convene in Amsterdam to review utility interworking of IEC 61850 for Substations, IEC CIM for Control Centers, and IEC 62443 for OT Cybersecurity

    CWIEME Berlin attracted thousands of visitors to Messe Berlin

    CWIEME Berlin off to a stellar start

    Introducing the CWIEME Advisory Board for 2023

    Toyota granted Zero Emission CARB Executive Order for heavy-duty fuel cell electric powertrain kit

    Toyota granted Zero Emission CARB Executive Order for heavy-duty fuel cell electric powertrain kit

    SFC Energy AG Strengthens North American Business and Opens Competence Center for Hydrogen Fuel Cells in Canada

    SFC Energy AG Strengthens North American Business and Opens Competence Center for Hydrogen Fuel Cells in Canada

    TECO 2030 Starts Manual Production of Fuel Cell Stacks

    TECO 2030 Starts Manual Production of Fuel Cell Stacks

    Sustainable energy: industry get-together at hy-fcell

    India achieved a solar share of 10.69 percent of installed power capacity

    Altea Green Power inks deal with Aer Soleir to build 300MW projects in Italy

  • White Papers
  • Projects
  • Events & Conferences
  • Contact Us
No Result
View All Result
Power Gen Advancement
No Result
View All Result
Home News

Role of Grid Modernization For Energy Transition In Europe

in News, Renewable Power

No matter how many heat pumps, electric vehicles (EVs), solar farms, wind turbines, and other renewable energy technologies are sold and deployed in Europe, there’s no guarantee that the region will meet its electrification targets if the electricity grids are not adequately prepared to integrate them. As explained by Eurelectric, supported by several of its studies, the distribution grids in Europe are old, lack the necessary capacity, face cumbersome permitting processes, and require a substantial multi-billion-euro investment to modernize. At the same time, the existing grids can be improved through optimization, digitalization, and greater flexibility to manage and distribute electrical loads efficiently, thus maximizing efficiency. Data sharing among system operators, market participants, and national authorities is crucial for better decision-making and planning.

Europe’s energy transition heavily relies on outdated electricity grids. Currently, the capacity of our copper cables to accommodate mass electrification and achieve higher decarbonization goals is limited. Lawmakers must adopt a forward-looking approach to ensure the resilience and readiness of electricity networks for the future.

Eurelectric’s recent grid report outlines how the ongoing reform of the electricity market design can put this forward-looking approach into action by incentivizing proactive investments, long-term grid planning, digitalization, flexibility, and advanced data sharing.

Europe has ambitious targets for 2030. By that time, it’s expected that there will be approximately 50 to 60 million heat pumps, 65 to 70 million electric vehicles (EVs) and over 600 gigawatts of additional renewable energy capacity. Around 70% of this capacity will be directly connected to distribution grids, which are essential for the decarbonization of Europe. However, these distribution grids face capacity shortages, bureaucratic permitting processes, and insufficient investments.

Kristian Ruby, the Secretary-General at Eurelectric, emphasizes that “getting our electricity networks fit for net zero should be a top priority in the coming years, both at EU and national levels.” This requires a shift in mindset among regulators and legislators, which anticipates Europe’s capacity needs to integrate more renewable projects and accommodate the rapid electrification of transport, buildings, and industry.

The need for more capacity results in longer wait times for grid connections, congested areas, and higher costs for network users. To address this, Europe must strengthen and expand its grid infrastructure while optimizing existing capacity. Anticipatory planning for grid expansion is crucial to meet the electrification needs of the EU by 2030 and ensure a reliable electricity supply across Europe’s extensive power lines.

To bridge the €7 billion annual investment gap in electricity infrastructure in the EU, anticipatory investments should be integrated into the electricity market design reform. According to Eurelectric’s Decarbonisation Speedways study, the EU currently invests €23 billion per year in grid infrastructure, which is insufficient. Investment in distribution grids should reach at least €38 billion annually until 2030 and up to €100 billion annually until 2050, considering the additional demand required to achieve EU decarbonization goals.

Accelerated permitting is another crucial aspect of catalyzing the necessary investments. Lengthy grid permitting processes often delay the deployment of renewable projects, increasing the risk of congestion due to growing connection and capacity requests. Policymakers must urgently agree on a simplified permitting process, and grid updates should be factored into a generator’s project under a single permit to reduce administrative burdens.

Simultaneously, while developing new infrastructure, existing grids should be optimized through digitalization and flexible connection agreements, enabling more efficient use of existing capacity in congested areas. These agreements can alleviate the urgency of additional capacity expansion by allowing faster grid connections for part of the required capacity. Regulators should incentivize system operators to invest in digitalization for a smarter grid, enhancing system stability and service efficiency.

Electricity consumers can also contribute to grid management by adjusting their consumption during less congested hours through demand-side response schemes and local flexibility markets. Achieving higher flexibility, however, requires a smarter grid, and regulators should encourage investments in digitalization by system operators to enhance power system resilience and efficiency.

Effective planning also requires accurate information, which can be achieved through closer collaboration and transparent data exchange among system operators, market participants, and national authorities. Robust data-sharing mechanisms enable system operators to forecast emerging generation patterns and capacity requests accurately. Nevertheless, data access should not compromise customer privacy, and clear data privacy and security measures are essential to protect sensitive information and maintain trust among all stakeholders.

Previous Post

Global Equity Indices Show Minimal Clean Energy Exposure

Related Posts

News

Global Equity Indices Show Minimal Clean Energy Exposure

September 9, 2023
News

Investment Opportunities of India For Net-Zero Goal By 2050

September 9, 2023
Grid Investment Imperative For Energy Transition In Europe
News

Grid Investment Imperative For Energy Transition In Europe

September 9, 2023
New Dutch Restriction Contract Manages Peak Energy Demand
News

New Dutch Restriction Contract Manages Peak Energy Demand

September 9, 2023
Grid Governance Adjustments For Climate Neutrality By 2050
News

Grid Governance Adjustments For Climate Neutrality By 2050

September 7, 2023
News

Optimizing Rising EU Electricity Prices Amid Ukraine War

September 7, 2023

LatestNews

News

Role of Grid Modernization For Energy Transition In Europe

September 12, 2023
News

Global Equity Indices Show Minimal Clean Energy Exposure

September 9, 2023
News

Investment Opportunities of India For Net-Zero Goal By 2050

September 9, 2023
Grid Investment Imperative For Energy Transition In Europe
News

Grid Investment Imperative For Energy Transition In Europe

September 9, 2023
New Dutch Restriction Contract Manages Peak Energy Demand
News

New Dutch Restriction Contract Manages Peak Energy Demand

September 9, 2023
Grid Governance Adjustments For Climate Neutrality By 2050
News

Grid Governance Adjustments For Climate Neutrality By 2050

September 7, 2023
Power Gen Advancement

About Us

Power Generation Advancement is a leading information centric website providing latest up to date information and happenings within the industry. The website is sub divided into 3 sectors updating the latest news and developments about Power Generation industry through Renewable Energy, Nuclear Energy, Thermal Energy sources. Power Generation Advancement runs with an objective to provide a one stop knowledge driven content to our reader and subscribers in various forms like news, projects, upcoming events.

Resources

  • Advertise with us
  • Our Services
  • Contact Us
  • Download Mediapack
  • Newsletter Archive

System

  • Search
  • Sitemap
  • RSS Feed

© 2017 Copyright © Valuemediaservices 2017 All rights reserved.

No Result
View All Result
  • Home
  • News
  • Market Moves
  • Press Statements
  • White Papers
  • Projects
  • Events & Conferences
  • Contact Us

© 2017 Copyright © Valuemediaservices 2017 All rights reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In