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IEA Hydro has issued a communiqué to National Governments & Multi-Lateral Agencies on Transformational Markets: the value and contemporary role of hydropower following a meeting in Brussels, Belgium, in December 2018 to initiate the work of its Annex IX. Representatives from authorities, companies, industry and research organisations of the international hydropower communities met to discuss the role of hydropower in contributing to rapidly transitioning global electricity markets. The representatives noted that while there are uniquely different characteristics to each region, energy markets and supply chains, they have several common opportunities and challenges when it comes to the future energy system, security of supply and the role of hydropower. New approaches are needed to fully utilise the value and unique contribution of hydropower in providing renewable energy production, flexibility and regulating services. Hydropower is positioned to take a unique role in supporting the increased deployment of variable renewable energy sources such as wind and solar by providing Essential Electricity System Services (EESS) and needed strategic energy storage. Download the full communiqué here...