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.
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.