Faraday Grid has announced an agreement with UK Power Networks, for it to trial a new technology which could redefine how the electricity grid works. The company says the technology will create a smart, flexible electricity system which increases the capacity to deliver more renewable energy, such as wind and solar power at a lower cost to consumers. It is said to be an autonomous, self-balancing network installed within an existing electricity grid. Comprising a network of independent “exchangers”, it is designed to automatically smooth the intermittency and volatility associated with renewable generation and electric vehicles, thereby reducing 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. A live test is scheduled for northern hemisphere spring 2019. The testing will assess the impact of the technology on the network, such as improving capacity and avoiding more costly infrastructure upgrades.
Contact Andrew Scobie, Faraday Grid, firstname.lastname@example.org
Source: EE plublishers