Kaluza and Flexitricity Offer Combination of Smart Storage Devices


Kaluza, a smart energy platform, and Flexitricity, a UK aggregator and flexible energy specialist, have teamed up to provide a new combined service of grid flexibility in the balancing mechanism. The service will create a much needed demand response for the UK energy system, helping to ease the constraints that have recently pushed prices up to £ 4,000 per MWh in the balancing mechanism.

In order to reach net zero by 2050, the UK will need to electrify a large part of the economy and increase the volume of renewable energy on the system. Creating more dynamic demand and the right reward mechanisms are essential elements for a resilient and affordable transition. By unlocking the energy storage potential of electric vehicles (EVs) and other household devices, this new service will provide a valuable balancing resource for the grid which in the future will expand to millions of people. devices. For more information see the IDTechEx report on Batteries for stationary energy storage 2021-2031.

The partnership will allow domestic customers installed by the half hour with electric vehicles and / or energy storage to participate in the balancing mechanism and be financially rewarded for their participation with more advantageous tariffs and lower bills. . The Balancing Mechanism is one of the primary tools that National Grid ESO uses to balance supply and demand in real time. It is a profitable market where suppliers can offer to increase or decrease their production or demand to help balance the system. Now, as the country decarbonizes, National Grid ESO has made changes to encourage smaller, more agile energy assets to contribute. This represents a huge opportunity for a range of flexible energy consumers, including EV users.

The collaboration between Kaluza and Flexitricity will enable the aggregation of home smart chargers, vehicle-to-grid (V2G) chargers and batteries, allowing National Grid ESO to exploit this flexibility to support grid balancing and benefit end customers with lower energy costs.

Flexible energy is a key part of the UK’s energy mix, helping the UK meet its net zero emissions targets by 2050. The new offering addresses several key priorities outlined in Ofgem’s recent report on the transition to electric vehicles, including ensuring that the network is prepared for mass adoption of electric vehicles, maximizing the consumer benefits of smart charging and developing V2G technology.

Kaluza’s technology platform combines smart electric vehicle chargers, V2G chargers and home storage batteries as part of a unique flexibility service both for local grids and now nationwide. Its AI software leverages real-time data from wholesale energy prices, supply levels and weather to optimize connected devices to charge at the cheapest and most environmentally friendly times while meeting demands. customer needs.

Uniquely, the Kaluza platform is able to handle the half-hourly settlement of these devices through its energy retail partners – a critical requirement to participate in the balancing mechanism before the switch from mains to a market-wide half-hourly settlement in 2025. This allows customers to access cutting-edge proposals powered by Kaluza technology that reduce carbon emissions and energy costs, such as OVO Drive Anytime – the only type of use of the EV charging tariff in UK that allows customers to charge at a cheap rate of 5p / kWh at any time of the day. The capacity of the platform also means that V2G chargers connected to Kaluza will be made available to provide residential flexibility in the balancing mechanism for the first time, helping customers save hundreds of pounds.

Flexitricity brings extensive experience in balancing mechanism operations as a provider and was the first UK aggregator to become a Virtual Lead Party (VLP) – a new route to access the mechanism. Collaboration enables faster scaling, flexibility and simplified asset integration.

Marzia Zafar, Director of Sustainability and Policy at Kaluza commented: “Today, industrial batteries provide the majority of the flexibility of our system while the storage potential of millions of smart devices in homes remains intact. This partnership is an important step for the industry in enabling end customers to play a role in and be rewarded for a greener, cheaper and more resilient energy system. Kaluza has proven the value of its smart software in a number of local networks and markets, and we look forward to opening a new frontier in domestic flexibility nationwide with domain experts, Flexitricity. “

Andy Lowe, Commercial Director of Flexitricity commented: “The electrification of transport presents both a huge opportunity for suppliers and customers and a challenge for the networks. The partnership with Kaluza allows us to take a leap forward by demonstrating what flexible EV charging can do to help balance the electrical system. This partnership has the potential to revolutionize the way the electric vehicle market works and, more importantly, it will have a significant impact on our net zero carbon goals for 2050. Flexitricity made history last year when we launched were the first to use the Balancing Mechanism’s Wider Access Agreement to swap out one of our active customers’ batteries. Now we are looking to do the same with an electric vehicle network. “

About Kaluza

Kaluza is a smart energy platform that powers the future of energy. From the billing revolution to smart charging of electric vehicles, Kaluza’s technology enables some of the largest energy providers to better serve millions of customers. Its real-time cloud platform transforms supplier operations, reducing service costs and increasing customer engagement. With Kaluza, suppliers can invest in innovation for tomorrow’s customers and drive decarbonization through smart low-carbon technologies that not only lower energy bills, but lay the foundation for an energy system. more flexible. www.kaluza.com

About flexitricity

Flexitricity has created and now operates Britain’s first, largest and most advanced demand response portfolio and has unparalleled knowledge of the market and its requirements. Edinburgh-based Flexitricity partners with companies across Great Britain to provide standby power to National Grid. The word “Flexitricity” means “Flexible Electricity”. The company seeks flexibility in the consumption and production of electricity, creating income for energy users and producers, while reducing national CO2 emissions and helping to secure energy supplies. Their team is fully engaged at the industry and regulatory level and has a track record that demonstrates success in innovation and delivery. Flexitricity is a wholly owned holding company of Quinbrook Infrastructure Partners, a specialist investment manager focused exclusively on investing in low carbon infrastructure and renewable energy and operating asset management in the United States, in the UK and Australia.




Source and top image: Flexitricity

Source link

Leave A Reply

Your email address will not be published.