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.
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 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.
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.
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.
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.
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.
In every era in the history of humanity, innovation and development has been implemented in all areas to simplify the functioning of operating systems and ultimately, increase efficiency and boost productivity. The Faraday Exchanger builds on the work of key physicists and mathematicians by going back to fundamental principles. This article gives an overview of the most significant scientific breakthroughs leading up to The Faraday Exchanger.
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.