This study set out to assess the value and whole-system impact of demand-side flexibility in a net zero carbon energy scenario for the UK. An accompanying report (“The Value of Flexibility”) examines the overall value of such flexibility. It explores the degree to which flexibility in general can reduce the need for investment in traditional…
This study set out to assess the value and whole-system impact of demand-side flexibility in a net zero carbon energy scenario for the UK. Our analysis has produced the following key results, which are discussed in more detail in the body of the report. Hitting net zero requires significant investment in low-carbon generation, demand-side technologies…
Project LEO was set up to deliver a transformative integrated smart local energy system (SLES) to maximise prosperity and demonstrate new value creation opportunities, develop innovative funding models for new Distributed Energy Resources (DER), and demonstrate novel local energy markets. This report sets out what has been learned while translating this ambition into practice during…
A presentation form the LEO Stakeholder Advisory Board that took place on the 22/01/2020. Presenters included Mel Bryce (Overview), Malcolm McCulloch (Futures System Planning), Kelsey Devine (Flexibility Exchange Developers), Barbara Hammond (Plug in Projects), Kyle Murchie (Transition) and Maxine Frerk (Reflections and Next Steps).
The minimum viable system (MVS) concept is used within Project LEO as an agile approach to developing and testing new flexibility services, business models and procedures required to operate a local flexibility market. Through the MVS approach, new value can be identified at a small scale before significant investment is committed; it is intended to…