Capgemini and Equigy Partner to Transform Europe’s Energy Grid with New Crowd Balancing Platform

Capgemini and Equigy Partner to Transform Europe’s Energy Grid with New Crowd Balancing Platform

(IN BRIEF) Capgemini has entered into a long-term agreement with Equigy, a collaborative platform of European Transmission Systems Operators (TSOs), to develop a Crowd Balancing Platform (CBP). This platform aims to optimize the management of electricity supply and demand across Europe by integrating small-scale distributed energy resources like electric vehicles and household batteries. The partnership seeks to enhance grid flexibility, reduce reliance on traditional power plants, and promote sustainability in Europe’s energy sector.

(PRESS RELEASE) PARIS, 14-Jun-2024 — /EuropaWire/ — Capgemini has announced a strategic partnership with Equigy to develop a decentralized energy system aimed at enhancing the management of electricity supply and demand across Europe. Equigy, a collaborative platform initiated by six prominent European Transmission Systems Operators (TSOs), addresses grid stability challenges posed by intermittent renewable energy sources like solar and wind. The partnership will leverage Capgemini’s extensive experience in the energy sector and its capabilities in business and technology transformation to create a Crowd Balancing Platform (CBP). This platform will facilitate the integration of small-scale distributed energy resources such as electric vehicles and household batteries, thereby reducing reliance on traditional centralized power plants and enhancing the flexibility, sustainability, and efficiency of Europe’s energy system.

Martin van ‘t Verlaat, Chief Technology Officer at Equigy, emphasized the collaboration’s role in fostering innovation and cooperation within the energy sector. He highlighted Capgemini’s expertise as crucial in developing a cutting-edge platform that promotes stakeholder engagement in grid balancing while enhancing transparency and trust.

The partnership aims to deliver significant benefits across Europe, including improved energy efficiency and new revenue streams for energy consumers and renewable energy asset owners. It aligns with European objectives to drive energy transition, promote digital innovation, and stimulate economic growth.

James Forrest, Global Energy Transition & Utilities Industry Leader at Capgemini, expressed confidence in the collaboration’s potential to strengthen Equigy’s position in flexibility markets and accelerate its leadership in Europe. He underscored Capgemini’s commitment to leveraging its comprehensive capabilities in strategy, data analytics, AI, and technology development to support Equigy in achieving its strategic objectives and advancing towards a sustainable energy future in Europe.

About Capgemini
Capgemini is a global business and technology transformation partner, helping organizations to accelerate their dual transition to a digital and sustainable world, while creating tangible impact for enterprises and society. It is a responsible and diverse group of 340,000 team members in more than 50 countries. With its strong over 55-year heritage, Capgemini is trusted by its clients to unlock the value of technology to address the entire breadth of their business needs. It delivers end-to-end services and solutions leveraging strengths
from strategy and design to engineering, all fueled by its market leading capabilities in AI, cloud and data, combined with its deep industry expertise and partner ecosystem. The Group reported 2023 global revenues of €22.5 billion.

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SOURCE: Capgemini