Energy, Oil & Gas Magazine Issue 221 July 2024 | Page 42

PARTNER CONTENT
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efficient a thermal power station is , the become useful if a client maximizes the less flexible it becomes . However , flexibility potential of their site by building their own is crucial for power stations to ensure the renewable generator as well as a big battery lights stay on . As I transitioned to the water to optimize connectivity . In this scenario , industry , which consumes a substantial our role as an aggregator is to respond in amount of electricity , I became aware that the final hours , minutes , or even seconds consumption sites within this industry to generate revenue from that battery were highly flexible . Putting two and two whenever it is not engaged in its primary together , I realized that by aggregating the function . This includes managing peak flexibility of these consumption sites , we solar or wind output . Consequently , we could offset the inherent inflexibility of large have written a contract between Axpo and power stations . That was the idea at the ourselves that neatly divides our respective time , but since then , the power generation industry has completely changed .
“ Indeed , we now have far fewer large power stations and significantly more distributed and dispersed renewable resources . Today , there are substantial volumes of wind and solar energy in the system , which changes the picture considerably because renewable sources fluctuate with the weather . In contrast , large power stations can remain relatively stable until some fault occurs . On the other hand , renewables change more gradually . Therefore , our current focus is on harnessing the gradual changes associated with renewable energy . It presents us with a slightly different challenge that we are determined to solve ,” he enlightens .
Strategic partnerships
Recently , Flexitricity has formed an invaluable partnership with Axpo Group ( Axpo ), a prominent energy trading company offering power purchase agreements to major renewable developers . “ Axpo possesses the flexibility , strength and experience required to enable companies that own large wind or solar farms to secure decent , long-term pricing . When it comes to hedging over five- or ten-years ’ worth of renewable generation , an aggregator like Flexitricity may not be the most suitable buyer . Nonetheless , our services
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