Data centers account for around four percent of total electricity consumption in Europe and North America. As demand grows, the question of how flexibly they can use power is becoming increasingly urgent.
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All Articles about Flexibility
Since December 1, 2024, the Hamburg-based power trader CFP FlexPower GmbH has been responsible for the dynamic procurement of electricity for Bremen’s Überseeinsel. The Überseeinsel urban development project is part of Bremen’s Überseestadt district and is creating a new residential and business quarter on 16 hectares.
Electricity (cross-product) price volatility has historically been closely linked to overall price levels. This trend seems to have ended in 2024 in Germany, as low marginal cost renewables are pushing the overall wholesale price level down, while peakers such as gas and batteries need to finance their investments in relatively few but increasingly expensive production hours
This blog post is the third in a series of articles about hedging price volatility using standard shapes such as wind and PV, as well as more novel and somewhat non-standard ones, such as the FlexHL (Battery). While the first two articles were explainers for consumers, this one is for suppliers who are looking to sell their flexibility, i.e. BESS owners.
Over the last year we became increasingly involved with the “science” of modelling past and future revenues of battery energy storage systems (BESS) and now decided to shed some light on this practice. We believe that customers are being sold a lot of voodoo for science and that the incentives in this industry are not at all well aligned.
