Flexibility management in renewable energy communities – LocalRES was at Sustainable Places 2024!

Fairouz Zobiri from Centrica gave a presentation titled Optimizing flexibility management in renewable energy communities: A LocalRES approach on behalf of the project at Sustainable Places 2024

The presentation provided an overview of two key services offered by the multi-energy virtual power plant (MEVPP) to renewable energy communities (RECs): self-consumption and flexibility services for the Distribution System Operator (DSO). It discussed the benefits and challenges associated with these services and illustrated how the revenues of RECs vary based on their risk tolerance in trading with the DSO.

The case study concluded that, in most scenarios, the financial gains outweigh the associated risks – with and overview of the demo sites where solutions would be tested. 

It was an exceptionally engaging and well-organised conference, featuring presentations from a diverse group of dedicated researchers and professionals in the field of sustainability. 

Ms Zobiri had the opportunity to learn about various projects tackling the challenges faced by energy communities. These projects addressed both technical aspects, such as quantifying flexibility and controlling assets, and social aspects, like user engagement.

The conference provided a valuable opportunity to explore emerging technologies gaining traction in the industry –  advancements in thermal storage and the application of digital twins, offering promising solutions for enhancing energy efficiency and community involvement.