Central energy grids need to constantly balance the energy demands of the network. One way they do this is by financially reward businesses for turning up, down, or shifting their energy use in real-time in accordance with the energy grid's needs. These are called Demand Side Response contracts (DSR). DSR contracts are all about intelligent energy and for businesses they are a smart way to save on total energy costs and reduce their carbon footprint but it can be a complex and often expensive market to enter.
This UK SME enables businesses to enter the DSR market in a cost effective way by:
- Identifying their capacity to respond without impacting operations.
- Remotely control (turn up or down) their energy use, in accordance with the energy grid
- Providing settlement data to ensure contracts are fulfilled and payments made to the company
The UK company does this by connecting a small box of electronics (iHub) to a building's existing control system (Building Management System - BMS). The iHub sits on top of the BMS and doesn't affect the existing equipment.
The iHub then automatically handles electronic signals from the energy grid to perform DSR responses, changing on-site systems for the response and seamlessly reverting them to pre-response states without any need for manual intervention. The iHub will also handle the detailed energy monitoring required for DSR participation, to ensure that the partner gets automatically paid in full for their response.
In essence, the iHub acts as a virtual facilities manager by automatically managing the building's energy usage and demand side responses from the energy grid.