Europe power system flexibility: The essential ingredient for decarbonisation (Part 1)
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
About the report
Part 1: Flexibility resource outlook to 2040 Europe's big-5 power markets (France, Germany, Great Britain, Italy and Spain) are in the process of decarbonisation. We expect variable renewable energy (VRE; wind and solar PV generation) to lead this process, making up the largest proportion of power supply by 2023. This brings about a power supply-demand balancing challenge that most existing assets were not designed for. Therefore, we expect a flexibility market for new, more capable assets to flourish. In this two-part study we provide an outlook for energy storage and flexibility resource to 2040. In this Part 1, using our European power dispatch model, we assess the market need and provide our market outlook for flexibility resources. These are namely interconnectors and flexible plant defined as pumped hydro, gas peakers and energy storage.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Europe levelised cost of electricity (LCOE) 2024
Our latest analysis on the development of the LCOE across Europe, with projections extended to 2060.
$9,990Gassled-Zeepipe Terminal Zeebrugge
The Zeebrugge terminal receives gas, via Zeepipe, from fields such as Troll and Sleipner.
$2,150Asia Pacific levelised cost of electricity (LCOE) 2024
Our latest analysis on the development of the LCOE across the APAC region, with projections extended to 2060.
$13,990
