Solutions for Energy Companies
We live in a wonderful world. Electricity is continuously available on demand whenever it is needed . If an entire neighbourhood simultaneously turns on their ovens and water boilers, a hydropower turbine is standing by to meet the sudden and unpredicted increase in power demand. Currently, supply side management is set up to deal with demand side uncertainty to ensure we always have power continuously available.
As we strive to meet the environmental goals of reduced greenhouse gas (GHG) emissions, the power system is being converted to accommodate increased power generation from intermittent renewable energy sources. This means we are introducing more and more uncertainty into the supply side of our system.
To cope with the increasing uncertainty from both small and large-scale power production, it is essential that we manage the demand side in a smarter way. When, where and how we consume electricity does matter. And electricity consumption patterns are reflected in electricity bills.
Thanks to thermal inertia our homes and buildings represent a substantial energy buffer that can be used to balance the variations in power generation from renewable energy sources. Shifting the load from appliances used for heating or cooling for small periods of time would make no difference to comfort levels, but represents a huge potential for balancing the grid.
Expektras solution for enabling smart power utilisation in our homes and buildings is called Expektra Green Connect. This is an M2M platform enabling aggregated power demand from electric appliances to respond to supply-side conditions, which helps to balance the power system.
Expektra Green Connect - Virtual Energy Storage
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Expektra Green Connect (patent pending) is an M2M platform that enables utilisation of the thermal inertia of our homes and buildings as an energy buffer to help balance disturbances in the power grid. Implemented in electrical appliances, our platform allows smarter energy utilisation, online consumer services and Automated Demand Response, which mean cost savings for the consumer. In a consumer-driven approach, Expektra Green Connect enables increased deployment of renewable energy sources into the power system.
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Imagine a world where unpredicted power from renewable energy sources is matched by flexible demand from our homes and buildings. Expektra Green Connect is a market-based bridge between flexible power consumption/production and energy companies.
There is a wide discussion about how to make consumers engage more actively in how and when they consume power. Expektra believes the answer to this challenge is to provide automatic systems to the market. An "active" consumer will thus only need to make the decision to purchase a product that automatically "cares" about when it is most convenient and cost-efficient to consume power.