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.
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.
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.
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 Institution of Engineers in Scotland (IESIS) published a report, Engineering for Energy: A proposal for governance of the energy system. IESIS claimed that changes to the energy supply, such as an increased amount of renewable energy onto the electrical grid, could result in “cost escalation, increased incidence of power cuts and prolonged reinstatement of supply”. IESIS also called for the introduction of a “National Energy Authority… to ensure the provision of fit for purpose energy infrastructure.”
In response, Faraday CEO Andrew Scobie says that only radical change of the electrical grid will deliver the low carbon future we all desire, arguing that innovation, not more bureaucracy, will enable sustainable prosperity for all.
The Distributed Energy Resources: Digitization & IoT Conference gathered prominent analysts, policy makers, business leaders in Vienna this week. With a focus on new types of energy generation, the event set out to focus on answering the key questions dominating the energy discourse. Representing Faraday Grid, CEO Andrew Scobie put the emphasis on the how rather than the what of the popular questions in his presentation. Read his speech, titled ‘Reinventing the Electricity Grid as a DER Platform’ via the link.
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.
Last week, Founder and Chief Technology Officer Matthew Williams travelled to the University of Manchester to award the first ever Faraday Grid Prize for Research for Industry. This prize recognises rigorous academic research with strong industrial applicability. It is also a great example of Faraday’s drive to enable collaboration among the academic and private sector thereby catalysing societal progress. Read Matthew’s article below to find out why he believes collaboration is a key pillar for building future prosperity.
As part of the inaugural LF Energy Summit earlier this week, Faraday Grid connected with distinguished open source developers and power systems professionals to discuss the innovation needed to enable the energy transition.
The Faraday Grid is thrilled to announce the deployment of its revolutionary technology in London, one of the world’s most sophisticated electricity networks. The agreement will see the world’s first Faraday Grid utilised in a live network from early 2019 in partnership with the UK’s most innovative distribution network operator UK Power Networks, which characterised Faraday’s technology as ‘transformational.’ As the Faraday Grid expands through the rest of the UK and beyond, it promises to unlock new frontiers in innovation and underpin the sustainable welfare of generations to come.
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.
The increasing focus on renewable energy sources and low carbon technologies is triggering a substantial shift in the automotive industry. Supported by government policies and public interest, the number of electric vehicles are swiftly increasing, exceeding predictions year to year. Is the electricity system ready to cater for such a vast new demand?
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.
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.
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.