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.
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. “
Source and top image: Flexitricity