Demand Response represents an opportunity for a more sustainable electricity system with the use of existing assets to provide additional power supply, and the reduction of CO2 emissions. According to the International Energy Agency, by 2040 increased Demand Response and storage could decrease renewable energy curtailment from 7% to 1.6%, avoiding 30 million tons of CO2 emissions.
It also triggers circular economy opportunities by shaping new energy consumption behaviors and enhanced consumer awareness. The transition to a circular economy represents opportunities for sustainable innovation, bringing together new business approaches based on sustainable solutions (renewables, reuse, recycling), and on the circular use of physical assets that gives maximization of utilization. Circular economy benefits of Demand Response can be linked to an increasing share of renewable sources and the optimization of existing generation and storage assets.
Learn more in our whitepaper.