Energy and Productivity - Part 3: The Relationship Between GDP and Electricity Consumption

Energy and Productivity - Part 3: The Relationship Between GDP and Electricity Consumption

Research Analyst Oliver Forsyth continues his series exploring the relationship of energy and productivity, this piece focusing on the relationship of energy consumption and GDP.

Celebrating the launch of our global Innovation Centre in Edinburgh

Celebrating the launch of our global Innovation Centre in Edinburgh

Last week we took a moment to appreciate the lengths we have come. In the company of our friends and family – our vital support system on our quest – and the Scottish Government’s Minister for Energy, Connectivity & the Islands Paul Wheelhouse MSP we officially opened our first global Innovation Centre in Edinburgh.

Energy and Productivity - Part 2: What impacts productivity?

Energy and Productivity - Part 2: What impacts productivity?

The first article for this series discussed what productivity is and why it is important. This writing will delve into how individuals, companies and governments can influence measured productivity.

If not nuclear then what? Time to reimagine the grid.

If not nuclear then what? Time to reimagine the grid.

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 Future of Energy is Shared Technology Innovation

The Future of Energy is Shared Technology Innovation

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.

Encouraging innovation in regulated utilities: consultation - response from Faraday Grid

Encouraging innovation in regulated utilities: consultation - response from Faraday Grid

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 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+.

Response to The Institution of Engineers in Scotland Report

Response to The Institution of Engineers in Scotland Report

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.  

Faraday at the Distributed Energy Resources: Digitization & IoT Conference

Faraday at the Distributed Energy Resources: Digitization & IoT Conference

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.

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.

Energy and Productivity - Part 1: What is productivity and why should we care?

Energy and Productivity - Part 1: What is productivity and why should we care?

The word ‘productivity’ gets thrown around quite a bit by policymakers and economists, but is it really that important to our everyday lives? In this introductory piece in a series about energy and productivity, Research Analyst Oliver Forsyth explores how productivity relates to measures of welfare and economic performance.

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.

Prosperity, Academia, and the Faraday Grid Prize for Research for Industry

Prosperity, Academia, and the Faraday Grid Prize for Research for Industry

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.

Nature’s constraints need not limit innovation and growth – Part 2: Paul Romer

Nature’s constraints need not limit innovation and growth – Part 2: Paul Romer

The story of how two economists integrated innovation and climate with long term economic growth and won a Nobel prize, part 2.

Nature’s constraints need not limit innovation and growth – Part 1: William Nordhaus

Nature’s constraints need not limit innovation and growth – Part 1: William Nordhaus

The story of how two economists integrated innovation and climate with long term economic growth and won a Nobel prize.

Faraday at the LF Energy Summit

Faraday at the LF Energy Summit

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.

Introducing the world’s first Faraday Grid in London

Introducing the world’s first Faraday Grid in London

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.

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 presentation at NEIS 2018

Faraday Grid presentation at NEIS 2018

Faraday Grid is proud to be an active contributor of groundbreaking research for the energy community. Senior Engineer, Jagadeesh Gunda recently presented some of his original findings at the Conference on Sustainable Energy Supply and Energy Storage Systems – NEIS 2018 in Hamburg.

Energy storage, variable renewables, and the path towards limiting global temperature rise

Energy storage, variable renewables, and the path towards limiting global temperature rise

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.