This project has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 646191
IndustRE has identified the flexibility potential of the industrial electricity demand as an opportunity that - through innovative business models - can facilitate further growth and integration of variable renewable energy, while reducing the industrial electricity costs. In this project the electricity intensive industry in Europe works closely with the renewable energy sector in order to find common ground and create win-win situations.
These business models:
(a) create win-win situations for the involved parties
(b) support the further deployment of variable renewable energy without dependence on support schemes
(c) bring benefits for the power system and the environment
(d) can be applied in the current market and regulatory framework of the target countries.
The overall objective of the project is to use the potential for flexibility in energy intensive industries to facilitate further market uptake of variable renewable electricity, through innovative business models and regulatory improvements. In order to achieve this, the work has been structured around the following objectives:
-Present suitable business models and facilitate their adoption
-Formulate policy recommendations
-Quantify the potential benefits for the power system
-Move industry and variable renewable energy plant operators into action
The project activities are relevant for all industries in Europe, especially the chemicals, non-ferrous metals, cold storage, steel, and water treatment sectors. These five sectors with 302 TWh/year represent about 10% of the electricity consumption in Europe.
The project work is applicable to all European countries, with particular attention to Belgium, France, Germany, Italy, Spain and the UK.
These countries have traditionally had important industrial production and together they represent more than 65% of the EU population and almost 80% of all the installed wind and PV capacity.
These figures allow us to balance between a manageable effort of working with 6 target countries and still having an important impact on a European level.
- Imperial College London
Start date: 1 January 2015 - End date: 31 December 2017