Although the electrification of transport may seem at an early stage, the rapidly falling costs of batteries mean that most analysts expect electric vehicles to be cheaper to buy than similar conventionally fueled ones within the next five years. Even before then, lower total ownership costs see them outsell the traditional competition in some markets and segments. As up-front costs equalize, many experts expect the speed of this transition to be highly disruptive to businesses in the power sector.
For the latter, the electrification of transport brings both risks and opportunities. On the one hand, increased demand for electricity means increased sales for power plants and utilities. On the other, both policymakers and grid operators need to ensure that increased demand can be met but doesn't lead to undesirable and expensive impacts on the electricity grid. New business models are emerging to create new revenue streams, manage the transition, and incorporate electric vehicles into power systems as valuable and flexible assets rather than simply as sources of new problems. But new business models are also allowing new market entrants to compete with old industry incumbents.
Given the potential speed of transition, progressive players within the power sector are already moving ahead – and those who wait may find they are left behind. This online training course provides a clear picture of the challenges and opportunities ahead and global examples of how leading countries and companies are addressing them.
At the end of this ETC online training course, the participants will learn to:
- Obtain a clear picture of how electric vehicles are impacting power systems, at both national and local levels
- Quantify the variables which will determine electricity demand growth
- Assess the impact of charging networks on electricity grids
- Understand the importance of smart and managed charging networks and how these are being delivered
- Examine emerging examples of how electric vehicles can add flexibility to modern power systems
- Learn how transport electrification is impacting electricity value chains and company strategies
This online training course will utilize a variety of proven online learning techniques to ensure maximum understanding, comprehension, retention of the information presented. The training course is conducted Online via an Advanced Virtual Learning Platform in the comfort of any location of your choice.
The ETC online training course is designed for commercially focused people within the power and transport-usage sectors, including electricity grid operators, power plant operators, utilities, energy investors, energy policymakers, vehicle fleet owners, and professional providers services to the power sector (including law, insurance, etc.).
This ETC online training course is suitable for a wide range of professionals but will greatly benefit:
- Project Finance Managers
- Risk Managers and Project Managers
- Government Officials, Regulators & Policymakers
- Energy Traders and Investment Managers in a Power and Natural Gas Sectors
- Business Development Managers and Product Development Managers in a Hydrogen Storage Company
- Market Analysts and Strategy Managers in a Hydrogen Electrolyzer Manufacturers
Training Course Outline
- Assessing the market drivers for Transport Electrification
- Quantifying the impact of Electric Vehicles on Electricity Demand
- Understanding the role of different charging locations and customer behaviors in determining power network outcomes
- The deployment challenges of charging networks, including utilization and charging rates
- Illustrating the importance of demand timing and energy storage in reducing grid impacts
- Smart Charging Implementations
- Defining “vehicle-to-grid” services and examining early examples
- How is transport electrification disruptive electricity value chains and company strategies?
- Assessing the key emerging transport trends which will further disrupt power systems and electricity markets
- Battery or hydrogen? Understanding the factors determining their competition and coexistence
