The democratisation of energy
Energy systems will be turned on their heads in the 2020s as several new technologies approach maturity, and as the world grapples with using them to deal with climate change.
Current centralised models of energy supply are not designed to cope with large numbers of decentralised, intermittent energy sources.
The operators of these models face enormous capital investments to avoid system overload as a wave of electric vehicles, solar panels and batteries breaks upon them.
As a result they are resisting the adoption of these technologies, inhibiting our ability to address the urgent problem of climate change.
emhTrade’s goal is to create a market-based platform that solves these problems, unlocking the potential of distributed energy resources to optimise the grid that we have now, rather than having to upgrade it. We call this Transactive Energy.
The Transactive Energy approach
We have a vision of a new operating system for energy. One that enables energy to be decentralised, democratised, and decarbonised. This system will enable any individual, and even any internet-connected device, to micro-trade energy through a marketplace on a near-continuous basis.
The prices for these trades will be a result of a co-optimisation process that takes into account generation, distribution and consumption constraints and aims to reward the behaviour that is best for all parties.
We, or other companies, will then build products and services that utilise the platform to save money and save the planet.
Watch our video to see this explained in more detail by our very own Stu Innes, CEO.
New energy experiences
People will interact with energy in very different ways. Automation will make this simple for them, sharing will improve access to new technology even for those less wealthy, and co-optimised energy assets will minimise the environmental and financial costs of energy use. Here are some fictional stories from energy users of the future.