Our strategy has always been to expand flexibility globally, as we know demand flexibility is the perfect technology to solve the intermittency problem of renewables and unlock a cleaner, smarter energy grid for the future.
While we have been working in Australia with Origin Energy to demonstrate the power that flexible customers have, we have also been exploring ways in which we can bring this to the European market.
We see real opportunities in Europe which we are pursuing; Germany and Sweden are two countries we believe have great market conditions that will benefit from flexibility. Negative pricing in markets like Germany offer fantastic opportunities for customers to take advantage of this and save money on their energy bills, while also supporting the stability of the grid with their actions. The right to demand a dynamic tariff and be settled against actual consumption for all energy consumers in Sweden has made this an exciting market.
We recently wrote about why we now call Berlin home. Our office in Berlin is the base of some of our data scientists, who are also involved in several research projects to understand the potential of flexibility. We have also started to host events there to connect with other industry participants and encourage the discussion.