Until recently, the UK government’s future energy plans relied heavily on expensive new nuclear power plants to provide baseload capacity as old fossil fuel plants shut down. This was also going to ensure grid stability to support increased intermittent and volatile renewable generation. However, the energy system is fundamentally changing. We don’t need expensive nuclear power to keep the lights on – a more flexible energy system will enable renewables to flourish.
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 Power Network Demonstration Centre (PNDC), a smart grid demonstration and testing facility, carried out an independent third-party validation of the Faraday Exchanger. The tests carried out by PNDC reconfirmed that the Faraday Exchanger does offer the intended functionalities (voltage regulation, power-factor correction and power-quality control) that are beyond what can be provided by one single technology to utilities and end-users of electricity. This means that wide adoption of the FG technology will result in improved power quality and reliability, increased equipment lifetime, and reduced-capital investment in mitigation technologies. Employing the key findings from PNDC validation report, this whitepaper by Jagadeesh Gunda summarises the capabilities of the Faraday Grid technology.