A new grid technology is to go on trial in London in a project that could “redefine how the electricity grid works”.
Scotland-based company Faraday Grid has signed a deal with British distribution network operator UK Power Networks for it to trial its potentially ground-breaking technology, also called Faraday Grid.
Ian Cameron, head of innovation at UK Power Networks, said he recognised that “Faraday’s technology has the potential to be transformational for distribution networks and the wider energy system”.
The Faraday Grid is an autonomous, self-balancing network installed within an existing electricity grid. It comprises a network of independent autonomous hardware devices called Faraday Exchangers which operate in isolation and are independent of any central network management. As such, the exchanger is designed to replace the function of existing electricity network infrastructure such as transformers, converters, inverters and rectifiers.
Faraday Grid says its technology “is designed to automatically smooth the intermittency and volatility of renewable generation and new demands like electric vehicles, and reduce the need for backup generation and balancing services. Implemented at scale, it has the potential to double the amount of renewable generation a grid can carry.”
Faraday founder and chief executive Andrew Scobie said: “Energy systems around the world are going through unprecedented change to meet increasing demand for electricity in a sustainable way. Renewable energy has a critical role to play and it is crucial it is delivered at the lowest cost, so that the transformative benefits of electricity can continue to be enjoyed by all. The Faraday Grid is specifically designed to ensure energy systems are equipped to meet society’s need for affordable, secure and clean energy long into the future.”
He added that the project with UKPN “could redefine how the electricity grid works. The project aims to demonstrate how a Faraday Grid will create a smart, flexible electricity system that increases the capacity to deliver more renewable energy, such as wind and solar power at a lower cost to consumers.”
Cameron of UKPN added: “The technology is aligned to our ambition to become an energy platform business. We are delighted to be the company’s lead UK partner for testing and demonstrating its impacts in a distribution network.”
Want to meet the team at Faraday Grid? The company is exhibiting at European Utility Week. Click here for details.