ADDRESSing The Energy Trilemma
Reliable, affordable energy has been a primary input to the historic rise in standards of health, wellbeing, life expectancy, and prosperity unique to the last 250 years.
Existing electricity systems were designed to reliably and affordably resolve the C19th energy dilemma by exploiting large-scale coal fired generation productivity coupled with transformers to allow long distance power transfer with acceptable losses.
Policy to reduce carbon emissions has altered the fragile balance of the system by drastically increasing de-centralised variable energy generation. Maintaining our reliable, affordable energy supply whilst reducing our carbon emissions has come to be defined as the Energy Trilemma (WEC1).
Resolution of the energy trilemma requires the provision of reliable, affordable, decarbonized electricity to consumers. Maintaining these energy standards are social and economic prerequisites for any sustainable solution. Thus reliability and economic cost define the limits of acceptable opportunity cost for the energy trilemma’s resolution. This requires action in generation, distribution and consumption devices.
Solving ENERGY distribution
The rapid deployment of renewables driven by climate change concerns has caused power networks to become less stable and more inefficient.
Accommodating this increasing penetration of asynchronous, intermittent and non-dispatchable power from sources such as wind and solar is a major challenge for existing and outdated grid infrastructure.
Adding to this complexity is the de-centralised nature of the generation, connected throughout the distribution and transmission grids, and the increasingly difficult to predict consumer demand.
This requires a significant rethink of how we regulate the flow of electricity through our grids, specifically a reinvention of the transformer into something smarter and more dynamic.
The economic, technical, or environmental opportunity cost of other proposals to increase variable renewable energy carrying capacity are prohibitive; storage, interconnects and consumer demand management all require very substantial and largely unaffordable capital investment.
None of these strategies are currently implementable without increasing the cost of energy to consumers by multiples.
What is the Faraday GRID?
The Faraday Grid is an autonomous, responsive, electrical meta-network, agnostic to generation and consumption, with its own inertia, enabling more productive, resilient and stable electricity transfer.
The Faraday Grid substantially enables the diffusion of renewable energy by directly increasing the carrying capacity of the energy system, it does so at no additional cost.
The Faraday Grid can be incrementally rolled out across an existing electricity grid with zero interruption.
HOW DOES IT WORK?
The Faraday Grid utilises a revolutionary new technology in the “Faraday Exchanger”. When distributed throughout the electricity network, each Faraday Exchanger dynamically controls the power flow within its region autonomously. This allows the existing network to continuously operate at its peak efficiency and become The Faraday Grid.