Effective integration of renewables – why flexibility is key
- Kari Hietanen, Executive Vice President, Corporate Relations & Legal Affairs, Wärtsilä
- Stefan Schauss, Director Business Development EMEA, Greensmith Energy
Intervention by the European Commission (speaker tbc)
As part of the Clean Energy Package, the European Commission has proposed new rules to address key challenges in the European electricity market, in particular the integration of renewables into the market and the subsequent flexibility challenge.
How to make the market fit for more flexible, cost-efficient and sustainable solutions? How to send clear price signals and set the right investment climate for the years to come? These are key questions which the new legislation attempts to answer, and which will be addressed during this dinner-debate.
Kari Hietanen, Wärtsilä’s Executive Vice-President, will discuss how a market-based model can create the necessary incentives to reward flexibility through generation, storage, demand response and interconnections. In a complementary perspective, Stefan Schauss of Greensmith Energy, a US-based energy storage company, will explain how storage has the potential to balance the intermittency of RES, highlighting concrete examples from the US and drawing a parallel between the US and EU markets.
We look forward to welcoming our members to this event.