Enterprise Europe Network

AI platform for automated energy flexibility, cost management, and carbon reduction

Country of origin:
Country: 
UNITED KINGDOM
Opportunity:
External Id: 
TOUK20210323001
Published
08/04/2021
Last update
12/04/2021
Expiration date
13/04/2022

Keywords

Partner keyword: 
Artificial Intelligence (AI)
Smart grids
Environmental Engineering / Technology
Remote sensing technology
Distributed power and grid connection
Metering and monitoring
Trade of electricity
Data processing, hosting and related activities
Other professional, scientific and technical activities n.e.c.
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Summary

Summary: 
The UK SME has developed a unique Artificial Intelligence (AI) driven platform for optimising energy capacity, reducing carbon footprint and harnessing energy flexibility within commercial premises. They are seeking commercial and technical cooperation with non-domestic energy users such as factories, offices, schools, retailers and hospitality etc. which are considering future energy strategies and reducing carbon footprint.

Description

Description: 

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.

Advantages & innovations

Cooperation plus value: 
The core product generates recurring monthly revenues with an average 6-12 months return on investment, 100% of energy savings go to the customer with a percentage fee charged on the flexibility market income that is generated by the system. The Hardware: The smart connected platform is a powerful AI-driven device that is easily fitted and integrated alongside existing systems. The platform collects and processes data and makes real time energy management decisions to control any available, non-critical load. It optimises energy performance and generates income without disturbing employees or business processes. The platform integrates with command signals and data feeds from all building management systems (BMS) including the energy meter, existing energy management systems, supervisory control and data acquisition (SCADA) systems, and IoT sensors. The hub automatically receives updates remotely so that businesses can be first to benefit from future market changes. The Machine Learning Software: The platform incorporates AI techniques to consider multiple factors to make decisions on your behalf, including; consumer energy needs and preferences, real time local metrics, environmental conditions, carbon intensity, energy and flexibility market triggers. The AI observes the comfort system settings and user interactions, learning about the building users' usage patterns and preferences. This allows the system to automatically find ways to optimise energy market participation and trading (via demand side response etc.) and reduce electrical load without disturbing the building users or interfering with business operations. In essence, the platform acts as a virtual energy manager by automatically managing the building's energy usage and interactions with local energy grids and energy markets.

Stage of development

Cooperation stage dev stage: 
Already on the market

Partner sought

Cooperation area: 
The company is seeking to enter into commercial agreements with technical cooperation. The priority is to engage with companies which have requirements to better manage their energy estates, particularly those looking at energy flexibility and reducing their carbon footprint. Ideally, the cooperation would involve the collaborative review of the product operation and benefits realisation in a way that combines the partner's facilities and the UK company's expertise. It would also involve carrying out value studies, collecting data for Artificial Intelligence (AI) and machine learning purposes, and piloting new updates to the device. Ideally partners will be non-domestic energy users with large controlled estates with energy flexibility requirements such as factories, offices, schools, retailers and hospitality etc. Partners should also be looking at options to invest in new green technologies which will increase onsite capabilities for energy generation and storage.