electricity grid

Introducing the energy system of the future to Washington DC

Introducing the energy system of the future to Washington DC

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 Future of Energy is Shared Technology Innovation

The Future of Energy is Shared Technology Innovation

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.

Encouraging innovation in regulated utilities: consultation - response from Faraday Grid

Encouraging innovation in regulated utilities: consultation - response from Faraday Grid

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 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.

Faraday Grid at the Clean Energy Summit

Faraday Grid at the Clean Energy Summit

CEO Andrew Scobie, CMO Jacqui Porch, and Director, Paul Ezekiel travelled to Sydney to represent Faraday Grid and join key players of the energy sphere at the Clean Energy Summit 2018.

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’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.

Faraday Grid Benefits - High Voltage Network Simulation

Faraday Grid Benefits - High Voltage Network Simulation

WHITE PAPER ATTACHED

The secure operation of modern electricity networks is becoming an increasingly difficult task as grids continuously employ complex interconnections, intermittent non-dispatchable renewable generation, and nonlinear loads. While these actions aim to improve power system reliability and meet sustainable energy requirements, they significantly reduce the system’s fault tolerance, inertia, and damping levels. The Faraday Exchanger (FE) technology delivers key technical and economic benefits, as demonstrated through results obtained from detailed simulations on numerous electrical networks from various countries.

Low Voltage Network Simulation with the Faraday Grid

Low Voltage Network Simulation with the Faraday Grid

When rolled out across a wider system of LV networks, the Faraday Grid technology can enable a quantum shift in energy system architecture to a new decentralised, flexible and reliable system.
Three sets of simulations measuring network performance of LV networks using conventional transformers, Online Tap Changers (OLTCs), and Faraday Exchangers were carried out to demonstrate the Faraday Grid’s superior capabilities. Read the white paper describing the simulation results via the link.

Electricity grids and markets: current status, problems, and opportunities for the Faraday Grid

Electricity grids and markets: current status, problems, and opportunities for the Faraday Grid

White Paper by University of Edinburgh Chancellor’s Fellow Dr Harry van der Weijde analysing the current status of electricity grids and markets considering clean energy goals. The paper finds that the current electricity system is fast approaching a breaking point and will not be able to handle higher levels of renewable energy without substantial new costs that would hit consumers.  Dr van der Weijde concludes that the Faraday Grid can resolve the challenge of increasing renewable energy penetration and preventing the looming threat of doubling or tripling of longer term electricity prices.

Modernising electricity grids: from smart grids to blockchain - and The Faraday Grid

Modernising electricity grids: from smart grids to blockchain - and The Faraday Grid

A modern grid supplying modern electricity demands should be able to provide environmentally friendly energy securely and at an affordable price at once. There are a number of technology pathways being suggested to modernise the electricity grid, and adapt it to the new reality of distributed variable renewable generation. This article gives an overview of these technologies.

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.

Resilience to cyber attack and the Faraday Grid solution

Resilience to cyber attack and the Faraday Grid solution

All actors in the electricity industry are responsible for security of supply. That is to say electricity provision to the end-users, within agreed levels of continuity and quality. For years, each part of the energy supply chain - from resource extraction to generation, transmission, distribution, markets, and increasingly end use - has relied on using digital systems. The digital connectivity of electricity grids and digital trading platforms for electricity are experiencing considerable innovation. This text considers grid resilience and risks to energy and cyber security in our society.