Page 7 - CARILEC CE Journal CEMAY2021

measures and thus provide liquidity to clients, assessed technically and economically, which will
who in turn do not have to tie up capital and lead to the goal of crafting legal frameworks that
technical capacities for such activities. can serve as a realistic roadmap for sustainable
Technologies for heat recovery from industrial energy transition in the region.
or commercial processes, such as ORC turbines, With the already existing need for greater
are ideally suited for the development of new global energy reform and the events of the
ESCo business models offering cost savings or last year, there is no question that we must
additional revenues for both, client and service accommodate and adjust our lives to this “new
provider. In the Caribbean, ESCo services on normal”. The importance of the virtual modality
the demand side deliver additional benefits for has been realized now more than ever. In
local utilities in their role as responsible network the same vein, energy and electricity play a
operators. As an example: the operation of fundamental role in facilitating this endeavour.
storage infrastructure for charging of electric Thus, this is where our combined efforts are
vehicles (EVs), if accordingly designed, offers necessary to revolutionize the platform for
the opportunity to resort to an on-demand load energy solutions to guarantee sustainability in
off-taker in the event of imbalanced electricity the short and long term.
supply from intermittent RE generation. Renewable energy, smart grid infrastructure
A successful energy transition requires and the development and implementation of
stakeholder alignment and a collaborative new innovative business models for sustainable
platform that adopts a systemic approach to energy solutions are key success factors to
confronting challenges and seizing opportunities. ensure an affordable, resilient, and clean energy
Key success factors that will meaningfully supply on a long-term basis in the region, thus
contribute to utilities and energy-affiliated helping to overcome the economic crisis caused
organisations overcoming the COVID-19 by the pandemic. Additionally, a new system
pandemic and reshaping energy landscapes in which the region generates its own energy
include the strengthening of strategic alliances supply, thereby adapting its energy demand to
and cooperation among sector and non-sector the availability of renewable energy supply, can
stakeholders, acceleration of the digitisation of create hundreds of new jobs.
processes and active participation of citizens and Kindly be reminded of our upcoming
customers in energy transition. Engineering and Procurement conference and
To increase the involvement of electric utilities exhibition from July 26 – 28, 2021. It promises
in the process of shaping energy transition in the to be a wealth of knowledge on topics including
Caribbean, CARILEC has highlighted the views of resilient energy infrastructure, balancing
utilities on the matter and related policy aspects electricity demand and supply in the future, fuel
for the Caribbean region through updated supply and cost-efficient increase of RE based
Position Papers on Energy Policy and Regulation electricity generation.
for Energy Transition. CARILEC believes in the We hope that as you indulge in this edition
importance of effectively designing policies of the CE Journal, you will have an increased
and legal frameworks for sustainable energy appreciation of the Caribbean electric energy
transition that can lead to productive outcomes sector and your knowledge will be enriched.
for all stakeholders involved. Regulatory reform Thank you for your unwavering support and
in the Caribbean and particularly in the context continued interest in the work of the Secretariat.
of minimizing the barriers to implementing RE We welcome your insights into how we can
technologies and EE measures is integral to further develop successful and outstanding
advances in the energy sector. Furthermore, sustainable energy solutions for the people of
feasibility and non-feasibility of options can be the Caribbean region.

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