The 4 Ds of energy change
The energy sector is in the midst of an unprecedented transformation. Decarbonisation, Decentralisation, Digitalisation and Democratisation are four macro trends that have been reshaping the entire energy ecosystem.
The energy transition brings about a number of key challenges that need to be overcome around the integration of renewables, and the need for greater flexibility, stability, resilience, and visibility across the energy system.
Consumer-centric products and new business models are needed to cater for the different way in which we generate and consume energy, and the radical shift towards fully digitalised, multiple technology-enabled energy uses.
Amp X is here to turn all the challenges associated with the ‘4D’s’ macro trends into valuable opportunities for the creation of a future-proof grid.
The drive towards decarbonisation continues with some countries already committed to net zero targets over the near term. Global supplies of wind and solar electricity are growing faster than expected, and consumer adoption of small renewable sources speeds up as they become more affordable.
The grid is evermore decentralised with the exponential increase in distributed energy resources (DERs) at the edge of the grid. DERs are fast growing in variety, sophistication and cumulative scale. They aren’t just a part of the current and future energy system: they are going to dominate it.
Digital technologies are advancing at an astounding rate: ~ 7.5 million digital devices come online each day. As sensors and processors become more affordable, we can gain visibility of the distribution grid which has historically been a “blind spot'', and we can coordinate DERs to provide grid flexibility.
Democratisation is driving towards the emergence of novel market constructs at a local level in highly disaggregated markets. In time, this will translate into a fully transactive grid where consumers/prosumers are able to trade energy and flexibility with other participants in the energy marketplace.
story of success
Amp X is a division of Amp, which is a prominent global renewable energy infrastructure manager, developer and owner. Founded in 2009, Amp has become one of the global leaders in renewable energy platforms with a proven track record of over 1.3GW of assets developed and built, and a further 2.2GW under construction. Based in Toronto, Canada, with operations in Japan, India, North America, Australia and Europe, Amp believes strongly in the macro thesis that as the penetration of renewable energy assets increases around the world, there is an evolving need for high value flexibility services.
assets under construction