Utilities & Energy Transition | How to face the intermittency challenge ? | Initiation of coverage, ALFEN, SWEDISH STIRLING, AZELIO, HYDROGEN DE FRANCE
Utilities & Energy Transition | How to face the intermittency challenge ? | Initiation of coverage, ALFEN, SWEDISH STIRLING, AZELIO, HYDROGEN DE FRANCEGiven the urgent nature of climate change and in view of the various objectives of the energy transition, the structure of the power grid needs to change. While electricity demand and intermittency issues are rising, several technologies can help to decarbonise the energy mix, as well as improve its resilience despite growing electricity demand.
• As renewables are increasingly contributing to the energy mix, intermittency on the grid is becoming a real challenge and threatens their future growth.
• This comes at the same time as electric vehicles are ramping up and destined to replace the entire fuel engine fleet in coming years, thereby representing a major dilemma in terms of intermittent power production that weakens power grids just as electricity demand (and the associated peaks) is taking off.
• Hardware storage (hydrogen, batteries, thermal storage) and software solutions (vehicle-to-grid, demand response, virtual power plant) are the missing blocks to further accelerate deployment of carbon-free electricity without intermittency issues.
• Growth in new technologies to answer the issues of intermittence and rising power demand is therefore set to involve pioneering companies specialised in this field.
• In this respect, we take advantage of this sector report to initiate coverage of Alfen (Buy, EUR105), Swedish Stirling (Buy, SEK22), Azelio (Neutral, SEK23.4) and HDF (Neutral, EUR24).
Alfen NV (Alfen) is a company based in the Netherlands, engaged in the design, development and production of electric grid equipment. The Company is active in three business lines: Smart Grids, which supplies standardized electricity grid connection systems, secondary transformer substations, local power grids, devices for grid automation, as well as software and back-end systems for remote management and grid control; Energy Storage, responsible for development and installation of modular energy storage systems under the brand TheBattery, which are used by utilities, grid operators, energy traders and industrial companies, among others, and Electric Vehicle (EV) Charging, which supplies EV charge points in a variety of capacities and functionalities for use at home, work and in public areas. In addition, Alfen offers service, management and maintenance activities, including remote support and monitoring, as well as an in-house technological know-how center.
Azelio AB, formerly Cleanergy AB, is a Sweden-based company engaged in the renewable power sector. The Company operates as a supplier of Stirling engine-based renewable energy solutions for conversion of solar energy into electricity and heat. The Company operates production, where concentrated solar power (CSP) is stored as heat (thermal energy storage - TES) and distributed as clean electricity on demand. The Company's primary markets are Middle East and North Africa, as well as China.
Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.