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The I&C customers' journey to Net-Zero

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The I&C customers' journey to Net-Zero

  1. 1. CF PATHWAYS The decentralisation of the energy system is creating opportunities and challenges for I&C customers on the pathway to Net Zero Digital platforms will be critical to deliver on customers’ needs in a decentralised power market Historical centralised grid Today’s decentralised grid Increased demand for behind- and front-of-meter balancing Future neural network Energy storage and EV charging infrastructure as growth segments C&I as major growth segment Renewable s Blockcha in Storage Big Data and AI EV Charging Stations Electric Buses Machine Learnin g Flexible Generatio n Demand response EV Smart Meters Growing deand to balance intermittent power flows Increase in renewables and volatility Pressures to meet Net Zero targets Rising cost of carbon
  2. 2. CF PATHWAYS Increased intermittency and power system needs for flexibility creates an imperative for tech-enabled suppliers to match consumer demand with grid profiles Low renewable out High renewable output • Tuesday April 21st 2020 • Sunny and windy weather • Friday 8th January 2021 • Cold weather and high demand Opportunity to increase consumption Opportunity to decrease consumption <£0 MWh £4000 MWh Demand profiles can be optimised using real-time market and asset data Tech-Enabled Supplier Increase in renewables and volatility Growing demand to balance power flows Demand for real- time data & transparency Pressures to meet Net Zero targets Rising cost of carbon High-Voltage EV Charger Major Refrigeration Unit
  3. 3. CF PATHWAYS 0 10 20 30 40 50 60 70 80 90 100 110 2016 2018 2020 2022 2024 2026 2028 2030 As industrial groups are pressured to meet CO2 compliance standards, the fully- loaded price of energy will increase and create more demand to offset emissions Size of Global Carbon Markets (€bn) Historical and Forecast European Union Allowance (EUA) Price (€/tonne) 2020: €229bn 2 26 201 11 39 2015: €50bn Source: Bloomberg; BNEF; ICE; Carbon Pulse Phase 4 introduces a cap which will decrease each year by 2.2% with CO2 prices expected to rise materially as a result EU to cut total emissions by 55% compared to 1990 levels The EU Emissions Trading Scheme (ETS) will be the policy tool used to drive decarbonisation BNEF projections Pressures to meet Net Zero targets Rising cost of carbon Demand for real-time data & transparency Increase in renewables and volatility Growing demand to balance power flows Rising cost of carbon
  4. 4. Market shifts have created more complex procurement, with more acute focus & direction from the Board of Directors I&C customers’ energy procurement strategies and decision-making have been elevated from Treasury to the Board of Directors
  5. 5. In today’s fragmented market, few participants have full capabilities to manage the range of commercial customer needs
  6. 6. CF PATHWAYS 6 Increase in renewables and volatility Growing demand to balance power flows Demand for real- time data & transparency Pressures to meet Net Zero targets Rising cost of carbon …which can deliver I&C customer-centric physical & financial net zero solutions Ancillary Services & Capacity Markets Financial hedging solutions Physical hedging solutions Energy Supply PPAs Imbalance management Customer portal with market access Carbon solutions Digital platform Stay tuned: we are beginning to see technology-enabled solutions platforms…

Editor's Notes

  • Volatility
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