Veolia, the European leader in electrical flexibility, has reached a significant milestone by managing over 2 GW of flexible electrical power. This is equivalent to the output of two nuclear reactors or the consumption of 2 million people. With a portfolio of nearly 10,000 sites across Europe and a diverse range of industrial customers, including VPK, Thy Marcinelle, Beneo Orafti, Aquiris, Veolia Eau, Orange, Inovyn Ineos, Veolia is well-positioned to address the energy crisis and the integration of intermittent power supply from renewable energies.
Meeting the Challenges of the Energy Crisis
In order to tackle the challenges posed by the energy crisis and the increasing reliance on renewable energy sources, Veolia aims to further accelerate its efforts and achieve 3 GW of flexible power by 2030. This commitment to electrical flexibility has become crucial in ensuring a reliable and sustainable power supply. As the electrical mix evolves with a greater share of renewable energies, it becomes essential to effectively manage variability and intermittency.
The Role of Electrical Flexibility
Electrical flexibility plays a vital role in modulating electricity production or consumption in real time to maintain the balance between supply and demand. It can be sourced from various devices, including energy storage devices, flexible power plants, and demand-side management devices. This flexibility is especially important as Europe faces an increasing need to balance the intermittent solar and wind capacity being added to the grid at a rapid pace.
Outlook for the Electrical Flexibility Market
According to the International Energy Agency (IEA), the need for flexible assets worldwide is expected to increase tenfold by 2030, largely driven by the rapid growth of solar and wind capacity in Europe. This will create a long-term need for grid balancing between supply and demand. Furthermore, the IEA estimates that the world’s renewable electricity generation capacity will more than double by 2030 under current market and policy conditions.
In conclusion, Veolia’s achievement of managing 2 GW of flexible electrical power underscores its commitment to addressing the energy crisis and adapting to the changing electrical landscape. With a strong portfolio and ambitious targets in place, Veolia is well-positioned to play a significant role in meeting the growing demand for electrical flexibility in the years to come.
Veolia: Enabling Grid Stability and Economic Opportunities for Businesses
Veolia, a European technology leader in flexible process modeling and IoT, is paving the way for a smart energy transition that benefits both the grid and businesses. With a dedicated R&D team, Veolia utilizes intelligent algorithms on a high-performance digital platform to effectively manage and optimize diffuse load shedding, ensuring grid stability.
One of Veolia’s key subsidiaries, Flexcity, plays a crucial role in integrating the operating constraints of industrial sites into its algorithms. Through the innovative “Flexcity box” installed on-site, Flexcity collects production and consumption data from flexible installations. This data is then transmitted using industrial or IoT protocols to activate load shedding when necessary.
The implementation of the Flexcity solution minimizes disruptions to customers’ operations while effectively supporting grid stability. By shedding electricity across several thousand sites in response to grid operator alerts, Veolia enables businesses to actively participate in the energy transition while also benefiting economically.
This approach offers businesses an exciting economic opportunity, as they are remunerated for adjusting their energy consumption during peak periods. Veolia’s solution not only promotes a smart and sustainable energy system but also unlocks potential financial gains for businesses.
As an industry frontrunner, Veolia’s expertise sets it apart in the field of flexible process modeling and IoT. Its commitment to research and development ensures the continuous improvement of its algorithms and digital platform, guaranteeing efficient and reliable energy management.
In conclusion, Veolia’s innovative solutions contribute to grid stability while simultaneously creating economic opportunities. With its cutting-edge technology and collaborative approach, Veolia is revolutionizing the energy landscape for the betterment of the grid and businesses alike.
Intelligent Energy Management: A Key Pillar in Ecological Transformation
Intelligent energy management plays a crucial role in the ecological transformation of our energy systems. It offers both ecological and economic opportunities by addressing the challenge of energy reduction. Veolia, a global leader in the field, embraces electrical flexibility as a resilient solution for a smart energy transition within territories. With its industrial expertise, Veolia empowers its customers with efficient solutions to strengthen the resilience of their power systems.
About Veolia
Veolia group is dedicated to becoming the benchmark company for ecological transformation. Its workforce of nearly 213,000 employees worldwide designs and provides game-changing solutions in water, waste, and energy management. Through three complementary business activities, Veolia helps develop access to resources, preserves them, and replenishes them. In 2022 alone, Veolia supplied drinking water to 111 million people and provided wastewater services to 97 million. Additionally, it produced an impressive 44 terawatt-hours of energy and treated 61 million metric tons of waste. The consolidated revenue of Veolia Environnement reached EUR42.9 billion in 2022.
For more information on Veolia’s initiatives, please visit their website at www.veolia.com.
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