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Third Industrial Revolution Consulting Group<br />

of a smart energy system that interconnects these energy sources. Although, as outlined above,<br />

many demonstration projects are already developed (or under development), none of them has<br />

a significant scale with an integrated solution that combines the requirements of all the<br />

stakeholders.<br />

The scale of such a demonstration project should be at least 100,000 end users, both<br />

commercial & industrial (C&I) and residential, before it would provide sufficient proof to both<br />

the EU, and especially to the DSO that need to optimize the solutions, and evaluate the<br />

effectiveness of such solutions on their networks. Before implementing this throughout Europe,<br />

significant and hard evidence is required.<br />

Luxembourg should take on this experiment and demonstrate this new market model for<br />

Europe (i.e., the first nationwide smart grid). This, in turn, would establish Luxembourg as the<br />

first mover and attract many new, smart energy businesses. European funds (e.g., Horizon<br />

2020) would surely be available to support this initiative and, ultimately, European energy<br />

policymaking would benefit from the scale of the evidence base provided.<br />

In addition, the scale of this experiment would aid in catalyzing Luxembourg’s journey towards<br />

commercializing the smart energy business. Luxembourg would effectively become the smart<br />

energy transaction hub for Europe, enabling many new smart energy FinTech products for<br />

export throughout Europe.<br />

Summary of TIR Proposals for Energy<br />

The following summarizes our proposals for the TIR roadmap for Energy. We have organized<br />

them into two broad groups:<br />

1. Building Block Proposals. The Building Block Proposals summarized in this section build<br />

from the work initiated by the Energy WG, and discussed in detail in the preceding<br />

sections. These proposals represent our recommended subset of priority actions (within<br />

the next 10-15 years) in which Luxembourg can, and should, take a leadership role.<br />

These priority actions (building blocks) represent prerequisites for many of the other<br />

actions, some of which will largely be directed by initiatives and influences occurring<br />

outside of Luxembourg’s control and/or jurisdiction (such as global technology<br />

innovations).<br />

2. Innovation Proposals. The Innovation Proposals summarized in this section are<br />

conceptual ideas to foster the vision, goals, and actions described in the TIR roadmap<br />

for Energy. These Innovation Proposals are predicated on the assumption that, over<br />

time, Luxembourg would apply increased research and development investments into<br />

targeted measures, rather than in general studies. Furthermore, Luxembourg’s aim to<br />

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