EXSTORM: Exploiting storage through an open market
Find Similar History 33 Claim Ownership Request Data Change Add FavouriteTitle
EXSTORM: Exploiting storage through an open market
CoPED ID
17671e75-c7bf-40cf-8869-f74a5e2c4e38
Status
Closed
Funders
Value
£271,096
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
- Electricity
- Distribution of electricity
- Business
- Energy
- Warehousing
- Production of electricity
- Heat energy
- Renewable energy sources
- Heat distribution
- Energy market
- Electric companies
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