Adopting a flexible approach to onsite energy management can be financially rewarding for businesses. Businesses that can respond to the demands of the local energy grid i.e. by turning up, down, or shifting energy use can benefit from ‘Demand Side Response' (DSR) contracts. These contracts enable financial savings on total energy costs, support goals to reduce carbon footprint, and provide new revenue streams from offering grid-balancing services to the local grid. This process usually requires manual intervention from onsite energy experts to maximise value. The technology offered from this SME automates these processes.
The device from this UK SME empowers businesses to access the full benefits of energy management, as well as building the investment case for onsite energy technology which will maximise flexibility value at the same time as improve their carbon footprint i.e. electric vehicles (EV) and EV charging, on-site solar, on-site battery storage etc.
The device offers the following features and benefits:
Automated Price and Carbon Arbitrage: Automated decision making, driven by real time local data collection and processing to ensure peak price and carbon avoidance.
Automated Participation in Flexibility Markets: Automated dispatch and settlement in demand side response services from existing plant, directly generating new revenue streams.
Energy Investment and Trading Dashboards: Automated dashboards showing real-time energy trades alongside in-depth visualisation and analysis to drive investment programs.
The system is a low-cost installation, self-configurating and self-maintaining. The platform automates energy price and carbon management as well as grid balancing responses, reducing manual intervention and overcoming a major barrier for competitor systems. The technology integrates easily with existing building management systems (BMS), reducing investment costs and increasing return on investment (ROI) which will help many more estate/building operators benefit from energy flexibility contracts and develop their business aims relating to net zero and low carbon.