market economy

Energy and Productivity - Part 2: What impacts productivity?

Energy and Productivity - Part 2: What impacts productivity?

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.

The Energy Trilemma is far from being resolved - Response to Greg Clark

The Energy Trilemma is far from being resolved - Response to Greg Clark

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.

Energy and Productivity - Part 1: What is productivity and why should we care?

Energy and Productivity - Part 1: What is productivity and why should we care?

The word ‘productivity’ gets thrown around quite a bit by policymakers and economists, but is it really that important to our everyday lives? In this introductory piece in a series about energy and productivity, Research Analyst Oliver Forsyth explores how productivity relates to measures of welfare and economic performance.

Reinventing the Electricity Grid for Continuing Prosperity and Innovation

Reinventing the Electricity Grid for Continuing Prosperity and Innovation

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.

Nature’s constraints need not limit innovation and growth – Part 2: Paul Romer

Nature’s constraints need not limit innovation and growth – Part 2: Paul Romer

The story of how two economists integrated innovation and climate with long term economic growth and won a Nobel prize, part 2.

Nature’s constraints need not limit innovation and growth – Part 1: William Nordhaus

Nature’s constraints need not limit innovation and growth – Part 1: William Nordhaus

The story of how two economists integrated innovation and climate with long term economic growth and won a Nobel prize.

Introducing the world’s first Faraday Grid in London

Introducing the world’s first Faraday Grid in London

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.

New Energy Outlook - A techno-economic review

New Energy Outlook - A techno-economic review

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 Grid Benefits - a New York State Viewpoint

Faraday Grid Benefits - a New York State Viewpoint

The New York State electricity grid’s challenges – similarly to other grids worldwide - derive from the fact that the current network architecture restraints the system’s ability to accommodate shifting electricity uses and generation types.

Reactive problem solving is not sufficient to sustainably provide the system flexibility such rapid changes require. It is a resilient systemic solution that is required to relieve the system from its pressures and provide an opportunity for further innovation.

Faraday Grid Ltd. (Faraday) has developed a completely new technology that provides a systemic, cost-effective solution. Read Jagadeesh Guda’s white paper that documents the techno-economic implications of the Faraday Grid technology in specific to the New York state electricity grid.

Energy Disruptors Unite 2018: Andrew Scobie presents GRID 2.0 The Electricity Grid - Reset, Re-Balanced…Re-Imagined

Energy Disruptors Unite 2018: Andrew Scobie presents GRID 2.0 The Electricity Grid - Reset, Re-Balanced…Re-Imagined

Electricity systems are failing. Today’s great economic and environmental challenges cannot possibly be resolved with 19th century electricity architecture. People are being asked to constrain their ambitions to meet the limitations of energy systems. Technological advances in energy remain focused on addressing symptoms of failing electricity networks.
Faraday Grid seeks to build systems from first principles rather than precedent. The fundamental objective is the delivery of cheap, clean and reliable electricity.

Faraday Grid’s response submission to OFGEM’s RIIO-2 Consultation

Faraday Grid’s response submission to OFGEM’s RIIO-2 Consultation

In response to OFGEM’s RIIO-2 consultation, Faraday Grid urges the incentivisation of fundamental network-wide solutions as opposed to seeking out incremental mitigating technologies providing only temporary relief from network-wide pressures.

Microgrids, Legacy Grids, and the Faraday Grid

Microgrids, Legacy Grids, and the Faraday Grid

The tenth annual Advanced Energy Conference took place in New York City to bring together influential leaders, key researchers, and policy makers from every part of the energy sector. On the opening day of the conference, Andrew Scobie, Faraday Grid CEO took stage to speak about the pioneering Faraday Grid solution, specifically, the possibilities it can open up for progressing microgrid technology. 

Reinventing electricity grids and Creating a Platform to Integrate New Technologies

Reinventing electricity grids and Creating a Platform to Integrate New Technologies

CEO, Andrew Scobie joined industry leaders at the Energy Storage and Connected Systems 2018 conference to present at a panel discussion focusing on the systemic evolution of grid operation and its relation to new technologies. The presentation analysed the current energy challenge, mitigating technologies, and the Faraday Grid's solution. 

Energy Explainer: Electricity Markets

Energy Explainer: Electricity Markets

In order to explain how the lights stay on, we first need to have a broad overview of how electrical networks work. This article gives a review of the evolution of electricity markets over the past century and explains the complex system they have become.

Residential Energy Prosumers and the Implications of the Emergent Transactional Grid

Residential Energy Prosumers and the Implications of the Emergent Transactional Grid

The concept of the electricity “prosumer” has informed recent energy policies from the United States to the design of the European Union’s electricity markets. Meanwhile, research on smart grids, residential consumers, and their flexibility has asked how people could change their everyday energy use as a result of innovations on this area. This text explores a use case for residential prosumers and how that could inform designs of a transactional power network, with close links to the concept of energy user or “prosumer”.

Robots, Systems, Taxation and Being Human

Robots, Systems, Taxation and Being Human

A fashion is sweeping through the global intelligentsia. The thrill of a new existential threat to human existence is in the air. Fear of our intellectual child as Nemesis is nothing new and it afflicts the intellectual before all others.

BEIS/OFGEM Call For Evidence - A SMART, FLEXIBLE ENERGY SYSTEM

BEIS/OFGEM Call For Evidence - A SMART, FLEXIBLE ENERGY SYSTEM

We believe energy system regulation must have an essential and explicit philosophy of minimising restriction to the adoption of technology, seen or unseen, in order to reduce the cost of energy, system fragility, as well as greenhouse emissions.

Energy & Ideas matter

Energy & Ideas matter

The visualization and graph represented by NYU’s Development Research Institute are the most fantastic representations of human dreams, thoughts, and life experiences that we would otherwise have never had. This shouldn’t be taken for granted, and yet we do. The ideas and actions of individuals matter; for good or evil they are both the cause and effect of our very existence.