The energy sector in Spain faces four challenges:
The imbalance between the supply and demand of energy
We know that an excess of local electricity production poses a problem for the power grid operator and, ultimately, a difficulty for the power producer, including renewable producers. The power grid operator must ensure that the energy production matches the energy demand throughout the network. Several processes and methods are then implemented to reduce these imbalances at any time: and an associated imbalance cost is generated, which is then generally distributed among all network users. If the network operator anticipates mitigating them, a spike of excess or shortage in the network could force or disable the power generation assets.
Inefficient measures to balance supply
When too much electricity is generated, it can be transported to another area or stored. But none of these options is ideal.
On the one hand, power lines are expensive to build, implement and maintain.
On the other hand, there are several storage solutions, but despite the technological progress, the deployment of this equipment remains limited. This is because they require a significant initial investment, a favorable and personalized regulatory framework, which often take more than 15 years to pay off and are relatively complex to operate and maintain.
The challenge of integrating renewables into the network
The growing deployment of renewable energies in Spain in recent years has created challenges for the network.
First, it is more difficult to predict the supply and flow of energy due to its intermittent nature (for example, adverse weather conditions), which generally requires the sending of conventional energy to meet a variable demand.
Second, most of the renewable energy production is far from high-consumption areas (such as nearby cities), which then require additional transmission lines.
This hinders the adoption of intermittent renewable energy, which is unfortunate because it is rapidly becoming the cheapest source of electricity (EUR / MWh), not to mention its respect for the weather.
These challenges translate into billions of euros in lost revenue and mediocre growth in the renewable energy sector.
The big challenges are overproduction, high transport and storage costs
Not all renewable energy production must necessarily be destined for the electricity grid. Mega-PODs can also be plugged in and unplugged with total flexibility. This also allows to avoid the maintenance costs of the network.
Flexibility and speed
The producer sells its energy to Coinpods at the cost of production. (Energy blocked, Sub-utilized, Wasted)
The producer and Coinpot co-invest in the development of the project and share benefits.
(Co-Investment & Join Venture)
The producer acquires the complete vertical solution with 100% of the production remaining. Coinpods develops the project, makes maintenance and operation of the container to the producer. (Engeeniring, Procurment and Construction + Operations and Mantainance)
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