PARIS - Veolia (Paris:VIE), a European leader in the optimization of electrical flexibility, has announced the achievement of managing 2 GW of flexible electrical power. This milestone, equivalent to the energy output of two nuclear reactors, is a significant step in addressing the challenges posed by the energy crisis and the integration of renewable power sources into the electrical grid. Veolia's current portfolio includes nearly 10,000 sites across Europe, serving a diverse range of industrial customers.
The company's success in flexible power management is timely, as the growing share of intermittent solar and wind energy in Europe's power mix demands robust solutions to maintain grid stability. Electrical flexibility is crucial for modulating electricity production or consumption in real-time to balance supply and demand. Veolia's approach leverages energy storage, flexible power plants, and demand-side management devices.
In light of the increasing need for grid balancing solutions, Veolia has set an ambitious target to expand its flexible power capabilities to 3 GW by 2030. This goal aligns with the International Energy Agency's (IEA) prediction that the worldwide demand for flexible power assets will surge tenfold by 2030, driven by a significant addition of solar and wind capacity.
Veolia's strategy involves advanced process modeling and the Internet of Things (IoT), supported by a dedicated R&D team. The company utilizes intelligent algorithms and a high-performance digital platform to manage diffuse load shedding. This technology enables the coordination of thousands of sites to reduce electricity usage during peak periods, in response to grid operator alerts.
The Flexcity subsidiary of Veolia plays a key role by integrating the operational constraints of industrial sites into its algorithms. The "Flexcity box" installed on-site collects data from flexible installations and transmits activation signals, allowing for automatic adjustments with minimal impact on customer operations.
Veolia's Chief Executive Officer, Estelle Brachlianoff, emphasized the dual ecological and economic benefits of electrical flexibility, viewing it as a resilient solution for a smarter energy transition. The company's efforts contribute to sustainable energy management, a core aspect of ecological transformation.
This announcement is based on a press release statement from Veolia.
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