EXSTORM: Exploiting storage through an open market
Find Similar History 12 Claim Ownership Request Data Change Add FavouriteTitle
EXSTORM: Exploiting storage through an open market
CoPED ID
3f9bd0be-9ffc-440e-8bf5-10f9b21af22a
Status
Closed
Value
£677,740
Start Date
Dec. 1, 2013
End Date
Jan. 31, 2015
Description
While it has been understood for some time that installing electricity storage units around the periphery of the electricity distribution network would help the network to cope with the increased demands of heat pumps, electric cars and solar energy generation, there has not been a business arrangement that would encourage anybody to actually install such storage.
Swanbarton has identified a way for storage units to become profitable investments for householders and businesses, by integrating them into local energy markets, where households or business units etc can buy and sell electricity among themselves, rather than with a remote energy supply company.
Swanbarton's research will contribute to products which will enable this.
| SWANBARTON LIMITED | LEAD_ORG |
| SWANBARTON LIMITED | PARTICIPANT_ORG |
| Jill Cainey | PM_PER |
Subjects by relevance
- Solar energy
- Electricity market
- Enterprises
- Warehousing
- Distribution of electricity
- Heat pumps
- Energy
- Electric companies
- Solar heating
Extracted key phrases
- Electricity storage unit
- Local energy market
- Open market
- Electricity distribution network
- Business unit
- Exstorm
- Remote energy supply company
- Solar energy generation
- Business arrangement
- Profitable investment
- Electric car
- Heat pump
- Swanbarton
- Time