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.
The HM Treasury’s and Department for Business, Energy & Industrial Strategy (BEIS) initiated a consultation focusing on innovation in utilities, with the aim to “ensure our system of utilities regulation is fit for the future.” As an innovator of technology that will radically transform the market and with a growing global presence, Faraday Grid is keen to engage in the conversation and submitted a response to BEIS, which can be accessed here.
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.
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.
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.
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.
Variable renewable energy (VRE) is forecast to reach 50% of total generation by 2050. To balance the inherent variability, a surge in storage technology with respect to grid power and quality is expected. The most popular technology, lithium ion battery storage does not come without its constraints. Read Peter Lo’s writing on the trends surrounding storage and variable renewable energy.
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.
Voltage swells can disrupt the operation of various equipment, ranging from consumer electronic devices and sensitive medical apparatus to a production/process-line of a manufacturing plant, leading to millions of dollars of industrial revenue loss. Current mitigating technologies are limited to specific power quality problems, and their wide adoption would be economically unsustainable. Faraday Grid Limited (Faraday) has developed an entirely new technology , the Faraday Exchanger – a single device, which comprehensively resolves most power quality problems and fits seamlessly into the existing infrastructure. To demonstrate the voltage swell-resolution capability of the Faraday Exchanger compared to a transformer, the Faraday team conducted laboratory experiments. For a thorough review and analysis, read this white paper.
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.
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.
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.
The Launch Event of the Faraday Grid, including a live demonstration of the Faraday Exchanger device attracted over 150 guests from academia, science, and business. This truly unique technology is able to dramatically increase the amount of renewable energy in the grid, reduce carbon emissions and reduce the cost of energy to consumers. In this review, Richard Dowling, Chief Economist reflects on night and the implications of this groundbreaking technology.
It is humbling to imagine that come the evening of Tuesday 12th December, the Faraday Grid will take centre stage in the Grand Hall, with more than 150 people from the fields of industry, finance and academia, as well as friends and family present. A full scale prototype of the Faraday Exchanger will be unveiled to the audience for a live demonstration. This approach really does highlight the confidence we have in our technology, which has been subject to years of R&D and simulation testing.
Electrical load is the component in a circuit that draws or consumes power as opposed to providing it. On a small scale, such as a torchlight, load can be the lightbulb. In a consumer’s home, load is determined by multiple factors, such as the type of devices being used, the frequency of their usage, and the time of day or year. The daily minimum level of electricity demand is known as the “baseload”. “Peak load” is the amount of electricity needed when demand is at its highest. As different energy technologies have inherently different mechanical features, baseload and peak load demands are typically supplied by different types of generation plants.
What is the "Energy Trilemma"? The Energy Trilemma presents three interconnected goals that have proven exceedingly difficult to address individually. Recent history has shown that unilateral actions taken to address one dimension of the trilemma often results in undesirable reactions on the other dimensions. Hence it is currently not practical to simultaneously install new low carbon generation, ensure affordable energy for consumers, and guarantee that there will be security of electricity supply accounting for future demand.
Australian innovator Faraday Grid announced today in Paris as finalist in global Energy Productivity Innovation Challenge (EPIC) 2016. The COP21 meeting in 2015 in Paris marked a significant commitment to set global goals for energy efficiency targets. It was also the venue for the launch of the EPIC program. CEO Andrew Scobie, Director of R&D Matthew Williams, and CMO Jacqui Porch were in Paris at the IEA Conference for the awards announcement on the 13th of October.