Energy giant partners with Salford innovator for flexible power
EDF Energy has paved the way for its business customers to sell excess energy to the grid after signing a deal with Salford-based energy demand response firm, Upside Energy.
The partnership means EDF’s customers will be able to access additional revenue streams traditionally reserved for large energy users thanks to Upside Energy’s award-winning cloud-based platform.
The Upside Platform uses real-time data and advanced forecasting to pool excess energy capacity from tens of thousands of small devices or systems, such uninterruptible power supplies (UPS), solar panels, electric vehicles and batteries.
In other words, businesses will be able to respond to the needs of the grid by exporting any unneeded capacity in their devices to the grid in real-time when demand threatens to exceed supply - and receive a financial reward in return.
“By using our platform, EDF Energy will not only be able to optimise its position within wholesale markets, but assist its customers to ensure they receive the greatest return on investment - all while supporting the UK electricity grid to run more efficiently, integrate more renewables and cope with times of peak demand”, explained Upside Energy chief executive, Devrim Celal.
The platform will be used alongside EDF’s own PowerShift flexibility platform, which is targeted at larger companies with flexible loads of storage capacity.
Balancing supply and demand
Jean-Benoit Ritz, director of innovation at EDF Energy, said: “Balancing our energy use is increasingly critical as the UK transitions to a low carbon future. This is why demand side response (DSR) schemes have a growing role in ensuring that electricity is there when we need it.”
Devrim Celal added: “As the UK and nations across the world continue to work towards challenging carbon reduction targets, smart energy management such as ours will become more important than ever before. Early adopters are likely to reap the greatest long term benefit.”
Research published in 2017 suggested that nearly 10,000 businesses were missing out on the potential to save £20,000 or more each year through energy demand response.
Posted under Environmental Technologies and Renewable Energy and Energy and Renewables on 31 October 2018