New business model for the electricity industry debated at FIESP

São Paulo 19 July 2017. DEINFRA – Energy Workshop – New business models for the electricity industry. Richard Phillips (VedantaESS), Ananda Valei Christensen (CPFL Eficiencia), Amilcar Gonçalves Guerreiro (EPE), moderator José Sidnei Martini, Rodrigo D’elia (AES Tietê) and Nivalde de Castro (Prof. UFRJ). Photo: Helcio Nagamine
Technology tends to promote changes in the generation, distribution and consumption of energy

Roseli Lopes, Indusnet FIESP Agency

Despite the modernization achieved by the electricity sector in recent years, the advance of technology for so-called smart grids will increasingly require the adoption of new business models. The theme was discussed this Wednesday (July 19, 2017) during the workshop New business models for the electricity industry, conducted by FIESP (Federation of industries of São Paulo state).

Richard Phillips, president of VedantaESS Ltda., defended the use of batteries for energy storage as a long-term, safe and low-cost storage option. He highlighted the advantage that Brazil has in the environmental field, but stressed the country’s challenge in regulating the sector, which involves the problem of infrastructure. He stressed that “increasing renewable energy is among the great challenges to overcome in the sector, in addition to increasing [energy] generation.”