Establishing Mutually Beneficial Local Energy Markets (EMBLEM)

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Title
Establishing Mutually Beneficial Local Energy Markets (EMBLEM)

CoPED ID
04bcb5da-ea20-4a77-8fa1-81d71978e113

Status
Closed


Value
£1,045,830

Start Date
Jan. 1, 2018

End Date
Dec. 31, 2018

Description

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Most of the remarkable growth in renewable energy production has occurred among variable technologies (wind power and solar PV), raising concerns about the challenges of integrating large shares of variable generation into power systems. Establishing Mutually Beneficial Local Energy Markets (EMBLEM) aims to test the feasibility of a pioneering energy trading system for local energy economies, that aims to be a cost effective demand response solution to securing efficient energy supply. The concept is a win-win-win for producers, consumers (and prosumers) of energy, and also national grid and distribution systems, aiming to reduce network stress and power outages. EMBLEM integrates cutting-edge UK innovations - Scene Connect's Cloud Solar, off-grid energy metering and control hardware, and Swanbarton's Smart Trading platform - to deliver a product that goes beyond the current state-of-the-art. This product promises to disrupt current energy markets by increasing the viability of small renewable energy installations, and the electrical grid's ability to incorporate them. The key usage of the resultant technology will be in the developing world where grid systems are rapidly expanding and are under significant stress.

SCENE CONNECT LTD LEAD_ORG
INCLUSIVE ENERGY LTD PARTICIPANT_ORG
SWANBARTON LIMITED PARTICIPANT_ORG
SCENE CONNECT LTD PARTICIPANT_ORG

Vijay Bhopal PM_PER

Subjects by relevance
  1. Solar energy
  2. Renewable energy sources
  3. Electrical power networks
  4. Wind energy
  5. Energy production (process industry)
  6. Energy technology
  7. Warehousing
  8. Production of electricity
  9. Security market

Extracted key phrases
  1. Beneficial Local Energy Markets
  2. Pioneering energy trading system
  3. Small renewable energy installation
  4. Renewable energy production
  5. Grid energy metering
  6. Power system
  7. Current energy market
  8. Local energy economy
  9. Efficient energy supply
  10. Grid system
  11. Wind power
  12. Distribution system
  13. Power outage
  14. Variable technology
  15. EMBLEM

Related Pages

UKRI project entry

UK Project Locations
2
200 km
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