The Benefits of Innovative Grid Technologies: Make Europe Fit for 55
On the 8th of December 2021, currENT and Consentec published a new study on how innovative grid technologies can reduce network congestion and contribute to Europe’s Fit for 55 targets.
The report is available below.
- The ambitious energy transition towards net zero, with a 55% decrease in CO2 emissions by 2030, rising electrification, and more than a 40% share of renewables require a fit for purpose affordable and secure power network that adapts and makes use of the best technologies available.
- The study and the related scenario show that the combination of Dynamic Line Rating, M-SSSC and Superconductors reduces the congestion and redispatch costs by more than 90% and the congestion-related curtailment of renewables infeed by 3 TWh in 2030. The value of further benefits when using these innovative technologies that might range from im-proved integration of markets, reduced congestions, and price differences to faster employ-ment of renewable generation, faster electrification of fossil fueled consumption and more emission cuts, have not been part of this study.
- While each of the innovative technologies will help optimize the power network individually, our study shows in addition the complementary benefit of those technologies.
- Efficiency and optimization using innovative technologies and the investments in reinforce-ment and expansion of networks, should be considered together to ensure a secure and cost-efficient green energy transition to society.