Meet the projects: COGEN
What do you see as the biggest opportunity for the energy industry?
We see the building sector as one of the most challenging sectors to decarbonise, given Europe’s ambitious climate and energy objectives. According to statistics of the European Commission, buildings account for approximately 40% of energy consumption and 36% of CO2 emissions in the European Union. It will be key to both renovate the building stock and supply it with the most efficient heat and power. This offers big opportunities for innovative solution providers that offer CO2 reductions and energy bill cuts. Fuel Cell micro-Cogeneration is particularly suited to lower the carbon footprint of buildings through the efficient production of heat and electricity, with added benefits as the gas grids decarbonise and higher flexibility is needed to stabilise electricity networks.
What do you see as the biggest threat to the energy industry?
We see regulatory instability and inconsistency as key barriers to innovation in the energy sector. We advocate for a level-playing field for all decarbonisation solutions. It is important to have a sound and stable regulatory environment which properly accounts for the full benefits of each solution. Picking winners by promoting a certain decarbonisation pathway will only limit consumer choice and increase the cost of reaching a carbon neutral economy. Moreover, solution providers and the consumers adopting local renewables and efficient products need predictable policy environments and the removal of market barriers to ensure their investments will pay off in the future.
What are the key topics you will highlight at this year’s EUW?
We will highlight the role of fuel cell micro-cogeneration in unlocking the opportunities for efficient hydrogen and renewable gas use in the residential sector, adding to the emerging debate on sectoral integration. Moreover, we would like to focus on the broader benefits of fuel cell micro-cogeneration, such as consumer empowerment, flexibility, avoidance of expensive grid expansion, air quality improvement, growth and jobs.