Our society has great aspirations for the future. As progress accelerates in every area of our lives, so does the energy system – the very underpinning of our economy – transition as well. However, an energy future shaped by evolving innovation cannot be not be realized while relying on a grid that is fundamentally no longer fit-for-purpose. On March 28 we introduced our vision for the energy system of the future to the American people. Watch our videos of the event here.
The first article for this series discussed what productivity is and why it is important. This writing will delve into how individuals, companies and governments can influence measured productivity.
Until recently, the UK government’s future energy plans relied heavily on expensive new nuclear power plants to provide baseload capacity as old fossil fuel plants shut down. This was also going to ensure grid stability to support increased intermittent and volatile renewable generation. However, the energy system is fundamentally changing. We don’t need expensive nuclear power to keep the lights on – a more flexible energy system will enable renewables to flourish.
Founder and CTO Matthew Williams will represent both Faraday Grid and LF Energy at DistribuTECH in New Orleans this year, where he will deliver a talk on why he believes an open source system is a necessary foundation for a prosperous energy future. Read this article in which Matthew explains how open source will fuel innovation in energy and find time and date for his presentation below.
Blockchain has been a buzzword in many industries over the last couple of years, including the energy sector. However, despite best intentions, blockchain for energy continues to struggle to get beyond the hype and provide any real benefit. Instead, it adds complexity to the electricity system rather than solving the critical systemic challenge to provide people with clean, reliable and low cost power – the energy ‘trilemma’. Ready Founder & Chief Technology Officer Matthew Williams’s article that originally appeared on Current+.
The Institution of Engineers in Scotland (IESIS) published a report, Engineering for Energy: A proposal for governance of the energy system. IESIS claimed that changes to the energy supply, such as an increased amount of renewable energy onto the electrical grid, could result in “cost escalation, increased incidence of power cuts and prolonged reinstatement of supply”. IESIS also called for the introduction of a “National Energy Authority… to ensure the provision of fit for purpose energy infrastructure.”
In response, Faraday CEO Andrew Scobie says that only radical change of the electrical grid will deliver the low carbon future we all desire, arguing that innovation, not more bureaucracy, will enable sustainable prosperity for all.
The Distributed Energy Resources: Digitization & IoT Conference gathered prominent analysts, policy makers, business leaders in Vienna this week. With a focus on new types of energy generation, the event set out to focus on answering the key questions dominating the energy discourse. Representing Faraday Grid, CEO Andrew Scobie put the emphasis on the how rather than the what of the popular questions in his presentation. Read his speech, titled ‘Reinventing the Electricity Grid as a DER Platform’ via the link.
In this response to Greg Clark MP, Founder & Chief Technology Officer Matthew Williams and Chief Economist & Head of Government Affairs Richard Dowling together challenge the idea that the Energy Trilemma is “over” and examine how greater amounts of renewables will affect energy security and energy equity, should there be no change to the current grid.
The European Utility Week, a summit for key players in the energy sphere working towards a fully integrated and interconnected electricity system and market in Europe took place in Vienna this year. Read CEO Andrew’s Scobie’s speech on why the Faraday Grid is the necessary evolution of the energy system.
Last week, Founder and Chief Technology Officer Matthew Williams travelled to the University of Manchester to award the first ever Faraday Grid Prize for Research for Industry. This prize recognises rigorous academic research with strong industrial applicability. It is also a great example of Faraday’s drive to enable collaboration among the academic and private sector thereby catalysing societal progress. Read Matthew’s article below to find out why he believes collaboration is a key pillar for building future prosperity.
As part of the inaugural LF Energy Summit earlier this week, Faraday Grid connected with distinguished open source developers and power systems professionals to discuss the innovation needed to enable the energy transition.
The Faraday Grid is thrilled to announce the deployment of its revolutionary technology in London, one of the world’s most sophisticated electricity networks. The agreement will see the world’s first Faraday Grid utilised in a live network from early 2019 in partnership with the UK’s most innovative distribution network operator UK Power Networks, which characterised Faraday’s technology as ‘transformational.’ As the Faraday Grid expands through the rest of the UK and beyond, it promises to unlock new frontiers in innovation and underpin the sustainable welfare of generations to come.
In September 2018, Governor Jerry Brown made history by signing the revolutionary Senate Bill 100 (SB 100). The truly ground-breaking requirement is the stipulation for California to be 100 per cent carbon free by 2045. Achieving such an ambitious target will require innovative technological solutions. Read Oliver Forsyth’s writing on what circumstances and factors to consider.
The increasing focus on renewable energy sources and low carbon technologies is triggering a substantial shift in the automotive industry. Supported by government policies and public interest, the number of electric vehicles are swiftly increasing, exceeding predictions year to year. Is the electricity system ready to cater for such a vast new demand?
Rapid acceleration of changes in the energy sphere renders preparations for their implicit challenges difficult. Bloomberg’s recently published 2018 New Energy Outlook (NEO) highlights key market drivers and integrates insight from a variety of experts to evaluate how the energy market will evolve in the coming decades.
From a pragmatic perspective, the electricity system will have to technologically adapt to enable these trends without inflating costs or dangerously destabilising the system. Electrical Engineer, Alex Kleidaras reviews some of the claims of NEO, with regards to their implications and requirements for their feasibility.
Faraday’s intellectual property is integral to building the energy platform of the future. The recent publication of some of Faraday’s original patents was a significant milestone that provided additional external validation of the authenticity of the technology.
To understand the specifics, I asked Matthew Williams, founder and Chief Technology Officer, for an introduction to the process of patent writing, Faraday’s strategic approach, and the unique technology covered by Faraday’s published patents.
The Power Network Demonstration Centre (PNDC), a smart grid demonstration and testing facility, carried out an independent third-party validation of the Faraday Exchanger. The tests carried out by PNDC reconfirmed that the Faraday Exchanger does offer the intended functionalities (voltage regulation, power-factor correction and power-quality control) that are beyond what can be provided by one single technology to utilities and end-users of electricity. This means that wide adoption of the FG technology will result in improved power quality and reliability, increased equipment lifetime, and reduced-capital investment in mitigation technologies. Employing the key findings from PNDC validation report, this whitepaper by Jagadeesh Gunda summarises the capabilities of the Faraday Grid technology.
Companies who become truly successful are the leaders in their field and icons of industry that command significant followership. They do not only carry the responsibility of representing their own brand but they also have an impact on the reputation of their whole sector. Accordingly, true leaders face far-reaching implications if the fundamentals of their culture fail. Chief Marketing Officer, Jacqui Porch reviews a recent Australian cricket scandal from the viewpoint of company culture and founding brand values.