The Renewables Report: episode 3. Andy Lowe – CEO of Flexitricity, Demand Response Markets
The UK's energy landscape is undergoing a significant transformation, driven by the rise of renewable energy sources such as wind and solar power. While renewable energy brings undeniable environmental benefits, it also introduces complexities in balancing supply and demand due to its intermittency. This is where flexibility comes into play. Flexibility in the energy context refers to the ability to adjust electricity generation or consumption patterns in response to fluctuations in supply and demand. In essence, it's about maintaining grid stability and reliability amidst the variability inherent in renewable energy generation. Flexitricity has led the way, going from being first movers in open-market aggregated demand-side services for electricity system balancing, to becoming Britain’s demand response leader.
I catch up with Andy Lowe, CEO of Flexitricity to talk about their journey and explore the key themes of the market to date, and what predictions we can make for the future.