Recording of Thursday, June 20, 2024 | The smarter E Europe | Exhibition Program | Language: English | Duration: 23:32 .
The discussion transitions to a Q&A session with speakers reflecting on diverse energy sector innovations, including cooperative models and digital self-service platforms. Bastian from Octopus Energy explains their business model of generating revenue by selling excess energy from zero-bill homes functioning as virtual power plants. Harald discusses optimizing large-scale battery storage systems through virtual power plant solutions, participating in markets such as ancillary control reserve and intra-day trading using advanced AI algorithms for market forecasting. Audience questions delve into targeted customer groups for flexibility services, emphasizing controllable load over sheer energy consumption. Industries like tomato production, steel manufacturing, and the pulp industry are highlighted as typical clients. A query directed at Ethan addresses how Octopus Energy remains profitable amid Germany's high electricity prices dominated by levies and taxes. The response points out that while current conditions aren't ideal due to stiff competition from EEG premiums, flexible direct marketing could offer better returns under specific circumstances—indicating an ongoing dialogue with regulators about evolving towards more market flexibility.
Automated summarization by AI Conver
By embracing digital transformation and innovative business models, utilities elevate to becoming indispensable energy partners, driving growth, and shaping the future of energy. This session will provide you with insights into how technology and digitalization is changing the game for utility companies. Discover how new products and business models help utilities grow, and transition from service providers to trusted advisors. Explore the future of interconnected, customer-empowered, and sustainable utilities!
Further Talks of this session: