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Flexible energy and demand response are crucial factors in balancing national electricity grids

Flexible energy and demand response are crucial in balancing national electricity grids.

Transitioning to green and variable energy sources makes energy forecasting significantly more complex. The need for demand response and flexible energy production is expected to grow tenfold by 2030. Ensuring global electricity stability requires substantial new initiatives that add flexibility to the grids in addition to flexible energy production. Truman Data Ltd.’s Energy Coop Sector Coupling solution enables systematic demand response, while the Energy Coop platform facilitates fully automated flexibility trading—both are among the key innovations addressing this global challenge.

Need of Energy Flexibility is urgent

The green transition—regardless of trade wars or political tensions—continues to drive clean energy adoption in the EU and eventually in the US as well. The most common clean energy sources, wind and solar, are inherently variable, making accurate production forecasting nearly impossible.

(Click the image to access IEA for detailed information about the data and background of this graph.)

The electrification of end-uses and the rise of variable renewables are reshaping electricity systems across all time scales. According to the IEA, the need for demand response is expected to grow from 1% to over 20% of total flexibility by 2030. For comparison, batteries are projected to provide only 6%, underscoring the critical role of demand response in ensuring grid stability.

(Click the image to access IEA for detailed information about the data and background of this graph.)

Buildings are estimated to provide 50% of total demand response potential—equivalent to approximately 260 GW during peak periods (IEA). This means we need to connect 260 GW of building loads to demand response systems and create solutions to ensure their widespread utilization. For context, 260 GW equals Germany’s entire electricity generation capacity in 2022. Solving a challenge of this scale is essential for integrating enough renewable energy to meet Net Zero Emission targets. Energy Coop offers a concrete solution to this global challenge.

(Click the image to access IEA for detailed information about the data and background of this graph.)

Higher renewable penetration will reshape Finnish wholesale power price dynamics.

The number of hours with both extremely high and very low (even zero) electricity prices will increase significantly. As a result, the annual average real wholesale power price is expected to rise by approximately 86% by 2050 compared to today (Sitra).

(Click the image to access the Sitra ‘Enablingcost-efficientelectrification in Finland’ report for detailed information about the data of this graph)

For more details, please contact hello(at)truman.cloud

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