The Smarter E Europe: Launch of Special Exhibit on Bidirectional Charging – the Energy Transition Gains Traction [Yahoo! Finance]
RENAULT SA UNSP/ADR (RNLSY)
NASDAQ:AMEX Investor Relations:
group.renault.com/en/finance-2
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Source: Yahoo! Finance
60 percent of net electricity generation came from renewables in 2024. But the growing volume of green power is posing new challenges for energy supply: The integration into the existing system urgently requires more flexibility. A Euroelectric/EY study forecasts a doubling of daily European flexibility demand by 2030 compared to 2021, potentially reaching 1.8 TWh daily (137 TWh annually), a substantial rise from the prior 1.5 TWh weekly demand. Electric vehicle (EV) batteries are identified as a key flexibility solution, potentially offering around 116 TWh capacity within five years. Dr. Frank Spennemann, Senior Manager Charging Solutions Energy at Mercedes-Benz, has a clear view of the importance of bidirectional charging, particularly vehicle-to-grid technology, for the success of the energy transition: "Research simulations have shown that bidirectional vehicles are key for grid stability and the transition to renewable sources of energy." In France, a collaboration between Rena
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