Managing the value of flexible energy through local battery storage and algorithm based control

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Title
Managing the value of flexible energy through local battery storage and algorithm based control

CoPED ID
3a1ddbc0-ad76-4556-90e4-b8ae08cc0fda

Status
Closed

Funder

Value
£646,667

Start Date
Jan. 1, 2015

End Date
April 29, 2017

Description

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By anticipating local energy consumption and introducing micro-generation and storage systems, including stationary battery storage and electric vehicles, this project seeks to create a fully integrated local energy system of individual and aggregated sites. The project will use smart algorithms to optimise local energy sources and energy demand, through appropriately sizing the assets then managing them effectively. Sizing of the stationary battery systems to manage the critical factors for each local grid will ensure a maximised ROI to the system and optimise the use of low carbon energy supply, whether that be within the local system or available through the wider grid network. By optimising energy storage the project will also quantify carbon savings associated with load shifting/demand response. Initially aimed at commercial customers, the project will explore the impact and benefits of new technologies including Plug in Vehicles and the electrification of heat. The consortium members will contribute significant prior knowledge and when combined in our project, the enhanced solution will be commercially viable and available for our target B2B customers in 2015.

Subjects by relevance
  1. Projects
  2. Energy
  3. Warehousing
  4. Optimisation
  5. Renewable energy sources
  6. Energy economy
  7. Accumulators
  8. Energy technology

Extracted key phrases
  1. Local energy system
  2. Local energy consumption
  3. Local battery storage
  4. Local energy source
  5. Energy storage
  6. Local system
  7. Stationary battery system
  8. Stationary battery storage
  9. Low carbon energy supply
  10. Storage system
  11. Flexible energy
  12. Energy demand
  13. Local grid
  14. Project
  15. Wide grid network

Related Pages

UKRI project entry

UK Project Locations