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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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
After an extensive test phase, Hamburg-based power trader FLEXPOWER has launched a self-developed platform for the conclusion of Power Purchase Agreements (PPAs). On PowerMatch, power consumers and power producers can now view prices for the purchase or sale of renewable energy power live and in a transparent way.