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Third Industrial Revolution Consulting Group<br />

Additional elements of this proposal include:<br />

o Closely follow standardization efforts. Influence, but don’t lead. The challenge<br />

with a new energy market and energy system is that there is no common<br />

agreement yet on which standards and approaches should be applied. There is a<br />

risk of “betting on the wrong standard,” resulting in loss of time and investments<br />

as developing standards can take a long time. Years will pass between obtaining<br />

formal approval and adoption of the standard and acquiring sizeable market<br />

share. Therefore, Luxembourg should closely monitor international<br />

developments in smart energy system standardization, rather than proactively<br />

trying to set new standards and approaches. Luxembourg should take timely<br />

steps to ensure that learning from its demonstration projects is brought forward<br />

and included in the appropriate standardization discussions.<br />

o Local implementation to follow local requirements. When relevant<br />

international approaches, standards and European regulations have been<br />

identified, these need to be embedded in the local context of national standards<br />

and regulations. Alignment of the local processes and procedures in cities and<br />

municipalities is essential to pave the way for deployment of a Third Industrial<br />

Revolution energy paradigm in Luxembourg. Close collaboration with industry<br />

partners will ensure that the local standards and regulations align with the latest<br />

industry standards and guarantee a smooth and safe introduction of the TIR<br />

energy system and market. A consistent national approach is the key to a swift<br />

development of an interoperable Third Industrial Revolution energy system.<br />

o Massive change requires massive accreditation. In order for Luxembourg’s new,<br />

highly dynamic energy regime to work safely, reliably and efficiently, it is of<br />

utmost importance that all distributed energy production and consumption<br />

components seamlessly fit together, speak a common language, and perform<br />

according to their claims. The process of standardization, certification and<br />

monitoring helps to ensure the interoperability of the individual components in<br />

the most cost effective way. When embarking on such a transition, a multitude<br />

of components, systems and projects will need to be certified. Luxembourg<br />

should ensure it has access to sufficient accredited certifiers to accomplish this<br />

task.<br />

<br />

Support the development of an integrated wholesale European energy market and<br />

secondary markets. A well-integrated, single internal energy market is seen as a<br />

fundamental prerequisite to achieving Europe’s energy policy objectives of affordable<br />

56

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