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Stakeholders discuss potential business models at IndustRE conference

A more flexible electricity consumption of industrial plants in return for financial benefits can tackle two major challenges at the same time: the integration of variable renewable energy systems on the grid, and the rising electricity cost for industry. This requires successful Business Models that create actual win-win situations. The IndustRE workshop of 27 October 2015 in Brussels surveyed the standpoints of various stakeholders on the topic.

The team from Imperial College London that are partners in the IndustRE project have just issued a report, which demonstrates that flexibility will be the key to cost effective decarbonisation of the UK power market.