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Why AI, data and security are critical in ‘the electric decade’
Manage episode 387794869 series 3305090
In part two of our Energy Transition Talks conversation with Eurelectric’s Secretary General Kristian Ruby, CGI experts Peter Warren and Tom van der Leest dive deeper into key opportunities, challenges and drivers of the energy transition discussed in part one. In this second instalment, they explore the necessity and complexity of regulation, the role of central markets in a decentralized future and the growing importance of electrification, AI and cybersecurity in the evolving energy market.
Regulation and the role of central markets in a decentralized future
Ensuring fairness and equal participation in the new energy market requires robust regulations. However, as the level of regulatory complexity increases, customers and policymakers alike are struggling to keep up. For customers, compliance with one regulation may be in direct violation of another, while policymakers face challenges in keeping pace with implementation and reporting as more rules are created.
As decentralization continues to be a key trend, the question arises: What is the role of central markets and the regulator in a decentralized future?
Kristian sees this question as critical and believes the local flexibility market will become much more prevalent in the coming years. “We will simply need, for the efficiency of operations and the reliability of operations, to have local flexibility sources and call upon them more frequently with more frequent market signals in order to stabilize an increasingly complex, digitized, complex and centralized grid.”
The decade of electricity has begun
Kristian identifies another area of ongoing evolution: the veracity and reliability of clean energy. “We talked about fair, we talked about reliable, but there's also the clean dimension. With green hydrogen, we want to make sure that it is actually green. That’s where all these questions come in about geographical proximity and the timely match of the actual clean electricity production with the electrolyzers. Setting up a digital platform and defining concrete products around that is the next challenge for digital companies and energy providers to determine together how that is going to look.”
Striking the right balance between environmental integrity and manageable systems is the key challenge at hand, Kristian says, as organizations move from proving their energy is green on an annual basis to hourly or quarterly intervals.
Kristian has no doubt that a multi-vector future will be the most efficient and cost-effective way forward but stresses that electricity is moving to the center of the energy system. Calling the 2020s “the electric decade,” he shares that the electricity sector is seeing unprecedented growth, expansion and change.
Visit our Energy Transition Talks page
44 episodes
Manage episode 387794869 series 3305090
In part two of our Energy Transition Talks conversation with Eurelectric’s Secretary General Kristian Ruby, CGI experts Peter Warren and Tom van der Leest dive deeper into key opportunities, challenges and drivers of the energy transition discussed in part one. In this second instalment, they explore the necessity and complexity of regulation, the role of central markets in a decentralized future and the growing importance of electrification, AI and cybersecurity in the evolving energy market.
Regulation and the role of central markets in a decentralized future
Ensuring fairness and equal participation in the new energy market requires robust regulations. However, as the level of regulatory complexity increases, customers and policymakers alike are struggling to keep up. For customers, compliance with one regulation may be in direct violation of another, while policymakers face challenges in keeping pace with implementation and reporting as more rules are created.
As decentralization continues to be a key trend, the question arises: What is the role of central markets and the regulator in a decentralized future?
Kristian sees this question as critical and believes the local flexibility market will become much more prevalent in the coming years. “We will simply need, for the efficiency of operations and the reliability of operations, to have local flexibility sources and call upon them more frequently with more frequent market signals in order to stabilize an increasingly complex, digitized, complex and centralized grid.”
The decade of electricity has begun
Kristian identifies another area of ongoing evolution: the veracity and reliability of clean energy. “We talked about fair, we talked about reliable, but there's also the clean dimension. With green hydrogen, we want to make sure that it is actually green. That’s where all these questions come in about geographical proximity and the timely match of the actual clean electricity production with the electrolyzers. Setting up a digital platform and defining concrete products around that is the next challenge for digital companies and energy providers to determine together how that is going to look.”
Striking the right balance between environmental integrity and manageable systems is the key challenge at hand, Kristian says, as organizations move from proving their energy is green on an annual basis to hourly or quarterly intervals.
Kristian has no doubt that a multi-vector future will be the most efficient and cost-effective way forward but stresses that electricity is moving to the center of the energy system. Calling the 2020s “the electric decade,” he shares that the electricity sector is seeing unprecedented growth, expansion and change.
Visit our Energy Transition Talks page
44 episodes
All episodes
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1 Doing more with less: AI, agility and strategy in the future of energy and utilities 20:48

1 AI in energy: Cross-sector strategies reshaping real-world operations 13:34

1 Hydrogen meets AI: Digital triplets and the next wave of energy innovation 10:42

1 Beyond risk: The untapped partnership between energy and insurance 13:36

1 The intersection of AI, sustainability and supply chain transformation 13:52

1 Beyond borders: The rise of the citizen supply chain in a connected economy 11:23

1 Quantum computing for energy: Smarter grids, better supply chains 12:57

1 Quantum computing 101: What it is and why it matters for energy 15:42

1 Hydrogen pathways: How ports are shaping sustainable energy solutions 22:18

1 Collaboration for sustainability: The power of hybrid thinking 15:03

1 Data sharing: Driving collaboration between insurance and energy 14:11

1 Shaping the future of the hydrogen economy: Ports, collaboration and sustainability 19:28

1 Data-driven futures: Revolutionizing energy infrastructure 15:07

1 Empowering energy decisions: AI meets Data Mesh 12:07

1 Unlocking data strategy success: Practical AI, robust governance and agile management 12:40
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