Research Analyst Oliver Forsyth continues his series exploring the relationship of energy and productivity, this piece focusing on the relationship of energy consumption and GDP.
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.
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.
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.
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.
A team led by Senior Engineer, Jagadeesh Gunda will represent Faraday Grid at the Conference on Sustainable Energy Supply and Energy Storage Systems – NEIS 2018 in Hamburg this September.
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 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.
Faraday Grid is ramping up its U.S. activities this week as we present at the tenth annual Advanced Energy Conference (AEC) taking place in New York City in addition to meeting potential future partners. Our presence is part of a Scottish Development International ‘Mission and Learning Journey’ delegation that seeks to bring high-value, innovative solutions to companies and organisations in the U.S. market. Richard Dowling, Chief Economist and Head of Government Affairs outlines the benefits the Faraday Grid can bring to New York and the world.
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.
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.