Energy Unplugged by Aurora

In this episode of Energy Unplugged, two of Aurora’s energy market experts, Dan Monzani, Managing Director for UK, Ireland and South Africa, and Caroline Still, Market Lead - South Africa, examine one of the most ambitious electricity market reform programmes underway anywhere in the world. Their conversation examines South Africa’s transition from a vertically integrated, state-led power system towards a competitive wholesale electricity market, and what the launch of the South African Wholesale Electricity Market (SAWEM) could mean for investors, developers and consumers. Dan and Caroline discuss how spot markets can improve transparency, strengthen investment signals and accelerate private participation in the power sector. They also explore the challenges that remain, from market design and vesting contracts to transmission buildout, coal retirements and maintaining regulatory momentum throughout the reform process. The discussion highlights how South Africa’s energy transition reflects many of the challenges seen globally, balancing market liberalisation, infrastructure investment and security of supply, while creating new opportunities for renewables, battery storage and innovative power procurement models. You will learn: Why SAWEM represents a major milestone in South Africa’s electricity market reform journey How spot markets support price discovery, competition and investor confidence The key design questions around vesting contracts and market liquidity Long-term power price drivers, including demand growth, coal retirements, gas and transmission expansion The opportunities for batteries, aggregators and private capital in South Africa’s evolving power market

This week on Energy Unplugged, Reece Jackson, Senior Product Manager - Grid, Aurora, is joined by Daniel Gerber, Global Business Line Manager for Renewable Power and Motion High Power at ABB. Together, they explore how rising renewable penetration, electrification, and new demand sources are reshaping grid stability - and the critical role power electronics will play in maintaining reliable power systems. Daniel leads ABB’s renewables-focused power electronics business and brings nearly two decades of experience spanning R&D, operations, and global service management. Drawing on ABB’s work across international markets, he shares how inverter-based resources, once seen as a source of instability, are increasingly becoming part of the solution - enabled by advances in grid-forming technologies, control systems, and digital simulation tools. The conversation examines the technical and structural challenges facing modern grids: the shift from centralized generation to distributed, inverter-based systems; the growing impact of data centres, AI, and electrification on demand patterns; and the increasing frequency of system disturbances. Daniel outlines how a combination of improved hardware, software-based simulation, and evolving grid codes can help operators manage these complexities, while also highlighting the practical constraints - from supply chains to permitting - that continue to slow progress. You will learn: Why inverter-based renewables are changing how grid stability is managed. How grid-forming technologies and power electronics can support system strength. Why digital simulation and “grid twin” models are becoming critical for planning and operations. What’s holding back faster grid connections - from equipment bottlenecks to system complexity. Registration for the leading annual gathering of the European energy industry – the Aurora Spring Forum, taking place on 29th April 2026, in London is open - a one-day deep dive into the biggest strategic questions shaping Europe’s energy transition, plus top-tier networking and a live recording of Energy Unplugged. Book now at https://auroraer.com/events/aurora-spring-forum-2026 and use code PODCAST20 for 20% off.

This week on Energy Unplugged, we’re joined by Randolph Brazier, Global Head of Clean Power Systems at HSBC. He speaks with Hugo Batten, Aurora’s Managing Director APAC, and Lara Panjkov, Head of Research APAC, to examine the practical realities of delivering the energy transition across Asia-Pacific - from grid stability and storage build-out to coal repowering and transition finance. Randolph leads on HSBC’s Net Zero investment strategy and sector pathways, working closely with clients to finance clean power and support real-economy decarbonisation. A former Director of Innovation & Electricity Systems at the UK Energy Networks Association, with earlier experience designing renewable and grid projects, he brings both engineering depth and financial insight. Drawing on examples such as South Australia’s high-renewables penetration, the rapid growth of data centres, and Asia’s continued reliance on coal, the discussion explores curtailment, system strength, long-duration storage, transition taxonomies, and the structural challenges of mobilising capital at scale in emerging markets. You will learn: Why grids, system strength and storage duration - not just generation - are now the binding constraints on decarbonisation. What high-renewables systems like South Australia reveal about curtailment, stability and the need for smarter market design. How data centres, electrification and industrial growth are reshaping demand - and why the impact is more nuanced than headlines suggest. Why coal repowering, transition taxonomies and innovative financing structures will be critical to unlocking capital across APAC. The Repower Community Interest Company (CIC) [www.repower.world] is a global non-profit initiative dedicated to the repowering of coal power plants, initiated by Quantified Carbon. HSBC’s philanthropic partnership with Repower supports technical analysis to develop feasible low-carbon repowering options for viable sites in emerging markets. Registration for the leading annual gathering of the European energy industry – the Aurora Spring Forum, taking place on 29th April 2026, in London is open - a one-day deep dive into the biggest strategic questions shaping Europe’s energy transition, plus top-tier networking and a live recording of Energy Unplugged. Book now at https://auroraer.com/events/aurora-spring-forum-2026 and use code PODCAST20 for 20% off.

This week on Energy Unplugged, we’re joined by Nat Bullard, co-founder of Halcyon, an AI-enabled energy information platform, and one of the sector’s most influential data storytellers. He joins Hugo Batten, Aurora’s Managing Director APAC, and Oliver Kerr, Aurora’s Managing Director USA, to unpack the 2026 edition of his annual “Decarbonisation” presentation - a sweeping, data-led assessment of where the global energy transition is accelerating, stalling, and surprising us. Nat brings two decades’ experience analysing energy, technology, markets and finance. Formerly Chief Content Officer at BloombergNEF and now also an advisor to Ember and Arcadia, he draws on deep market insight to separate structural trends from short-term noise. From record solar and battery deployment in the US, to flat real-terms clean investment globally, to China’s extraordinary scale in electrification and manufacturing, the conversation explores a world adding more of everything - fossil fuels and renewables alike - while grappling with grid constraints and rising electricity demand. The discussion also examines cooling demand in developing economies, China’s emergence as a global electrostate, and the profound uncertainty surrounding AI-driven load growth and data centre interconnections in the US - where the bottleneck may be demand connection as much as generation capacity. You will learn: Why the energy transition appears contradictory - with record clean deployment alongside continued fossil growth. How cooling demand in emerging economies could rival or exceed AI as a driver of electricity growth. What China’s scale in electrification, batteries and EVs means for global supply chains and competitiveness. Why grids and interconnection queues may prove the decisive constraint in the next phase of the transition. Registration for the leading annual gathering of the European energy industry – the Aurora Spring Forum, taking place on 29th April 2026, in London is open - a one-day deep dive into the biggest strategic questions shaping Europe’s energy transition, plus top-tier networking and a live recording of Energy Unplugged. Book now at https://auroraer.com/events/aurora-sp... and use code PODCAST20 for 20% off.

In this episode of Energy Unplugged, Simon De Clercq is joined by Pieter-Jan Mermans, Co-Founder and Managing Partner at Junction Growth Investors, to explore how Europe’s energy transition is shifting from rapid build-out to a more operationally complex phase. Reflecting on the last decade of renewables, electrification and storage growth, they discuss why today’s biggest challenges are no longer technological, but lie in flexibility, market design, and making existing infrastructure work harder. Pieter-Jan brings first-hand experience from founding and scaling REstore into a global leader in demand-side flexibility, before joining Centrica Business Solutions’ executive team following its acquisition. Drawing on this background - and his current role investing in European energy transition scale-ups - he explains why flexibility, software and optimisation have moved from the margins to the core of power markets, and how grid-enhancing technologies can unlock value faster and more cost-effectively than network expansion alone. Set against tighter capital markets and evolving policy priorities, the conversation argues that the next phase of the energy transition will be defined by execution and unit economics. From residential and industrial flexibility to smarter trading, automation and regulation that reward system value, Simon and Pieter-Jan make the case that aligning markets with real-world system needs will be critical to keeping Europe’s transition investable, reliable and competitive. You will learn: Why flexibility and optimisation - not new generation - are now the biggest levers in Europe’s energy transition. How demand-side response, storage and software can unlock system value faster than traditional grid build-out. What scaling an energy-tech business reveals about the real-world barriers to deploying flexibility at pace. Why execution, unit economics and market design will determine which transition technologies succeed in tighter capital markets. Registration for the leading annual gathering of the European energy industry – the Aurora Spring Forum, taking place on 29th April 2026, in London is open - a one-day deep dive into the biggest strategic questions shaping Europe’s energy transition, plus top-tier networking and a live recording of Energy Unplugged. Book now at https://auroraer.com/events/aurora-spring-forum-2026 and use code PODCAST20 for 20% off.

This week on Energy Unplugged, we’re joined by Steffen Schülzchen, Founder and CEO of Entrix, and Constantin Nicklas, Head of Sales at Entrix, for a discussion on how grid congestion is reshaping battery storage investment across Europe. They join Claudia Gunter, Senior Research Lead at Aurora, to focus on why network constraints have become a defining challenge for batteries, and how flexible connection models, smarter optimisation, and evolving market rules could help unlock capacity faster. The discussion explores how congestion, redispatch, and ramping limits affect battery revenues in practice, and what this means for system efficiency, investors, and decarbonisation outcomes. Steffen founded Entrix in 2021 after advising European utilities on the energy transition at McKinsey & Company, and now leads the development of an intelligent trading and optimisation platform for battery assets. Constantin brings a commercial and investor perspective from over a decade in financial asset management at Deutsche Bank, where he worked closely with energy-focused investment structures. Together, they offer a grounded view on how regulatory design, grid access, and market signals are shaping the next phase of battery deployment in Europe. You will learn: Why grid congestion has become a binding constraint for battery deployment in Europe, especially in Germany. How connection rules, redispatch, and ramping limits shape real-world battery revenues and risk. What flexible grid access and smarter optimisation could unlock for storage investors and system operators. How market design and regulation will need to evolve to scale batteries efficiently and cost-effectively. Registration for the leading annual gathering of the European energy industry – the Aurora Spring Forum, taking place on 29th April 2026, in London is open - a one-day deep dive into the biggest strategic questions shaping Europe’s energy transition, plus top-tier networking and a live recording of Energy Unplugged. Book now at https://auroraer.com/events/aurora-spring-forum-2026 and use code PODCAST20 for 20% off.