Europe could save 40% on electricity if it coordinates solar power and batteries well
A report by the Schneider Electric Research Institute (SERI), presented at COP31, simulated 40,500 scenarios and concludes that coordinating the deployment of distributed energy resources with electrification could cut the total operating cost of the European power system by up to 40% in the 2030s. The savings could add 0.8% to global GDP by 2030. The study warns that a mismatch in battery durations could raise costs by up to 35% above the current baseline.
In 35 seconds
- SERI simulated 40,500 scenarios with different combinations of solar, battery and grid costs
- Coordinating distributed resources with electrification could cut system operating costs by up to 40% in the 2030s
- The savings could add 0.8% to global GDP by 2030
Read the full story at Euronews.com
IASummary generated by artificial intelligence from a story by Euronews.com. It may contain errors: the original source prevails.
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