The Faraday Grid
Definition: A 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 principles behind the ubiquitous transformers that manage the voltage on our power networks date back over a century. They were designed for a hub and spoke system, where flexible power was generated at the centre and delivered to end users on the periphery.
Today’s energy system is different. Over the past 20 years, in response to climate change, renewables such as wind and solar have been incentivised. These are variable, non-dispatchable, asynchronous, and distributed throughout the network. In addition, energy demand of end users has become far less predictable.
This leaves our power systems increasingly volatile and inefficient. It demands a rethink of how we regulate the flow of electricity, specifically a reinvention of the transformer into something smarter and more dynamic. The Faraday Grid and the Faraday Exchanger are that reinvention.
The faraday grid Solution
A Faraday Grid is the gestalt of a network of our unique hardware device - the Faraday Exchanger. When deployed throughout an electrical grid, the performance of individual Faraday Exchangers are subject to significant network effects, substantially increasing the grid's capacity, or "head room" to integrate variable energy, and overall efficiency of the grid by orders of magnitude.
This increased capacity, resulting from the network of Exchangers, is achieved without the need for additional layers of control management, and can be incrementally deployed, making it a scalable, economically viable solution for large scale electricity grids.
The Faraday Grid provides inertia and primary frequency response to maintain stability, and allows horizontal and vertical energy transfer. It autonomously and continuously adapts to variations throughout the network. The system maintains an optimal equilibrium functioning as an emergent order.
The Faraday Grid provides the foundation for the Emergent Transactional Network.