energy trilemma

Blockchain and energy – a solution looking for a problem to solve?

Blockchain and energy – a solution looking for a problem to solve?

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 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.

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.

How will California go Carbon Free by 2045?

How will California go Carbon Free by 2045?

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.

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.

A journey through the world of technology patents with Faraday’s Founder and CTO Matthew Williams

A journey through the world of technology patents with Faraday’s Founder and CTO Matthew Williams

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.

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.

Bringing Faraday Grid’s energy solutions to the U.S. market

Bringing Faraday Grid’s energy solutions to the U.S. market

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.

Review of the Faraday Grid Launch Event

Review of the Faraday Grid Launch Event

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. 

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: Renewable Energy Sources and the Challenge of Intermittency

Energy Explainer: Renewable Energy Sources and the Challenge of Intermittency

Intermittency is an essential implication of the differences of utilising renewable and non-renewable energy sources, which leaves non-renewable energy sources with a key advantage over renewable ones.  

The Trilemma Trade Off

The Trilemma Trade Off

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.

Design by Constraint for Complex Problems

Design by Constraint for Complex Problems

Understanding a design problem by its constraints is the best way to discover new solutions

Rather than presupposing a solution based on a set of assumptions – whether they be calculated or arbitrary – Faraday Grid use DbRC, the tools of advanced simulation and data analysis to identify the optimum design of a solution.