But it isn’t just a matter of replacing fossil-fuel generation with solar and wind farms, and carrying on as before. Just as telecommunications evolved from voice-only to the complexities of the internet, so electricity systems are reinventing themselves to support a totally new energy paradigm.
Billions of devices will be part of the energy ecosystem, from fridges to solar panels to electric vehicles. Some devices will be large-scale and owned by the energy industry, but many more will be smaller and consumer-owned. This means that the electricity network needs to be capable of supporting significant two-way energy flow.
All these devices will need to consider a myriad of factors at any given point in time in order to decide whether they should or should not consume, generate or store power. No-one wants to spend their day switching their electric vehicle charger on and off depending on how windy it is, so the devices will need to be automatically optimised.
The consumer will have previously-unknown levels of control over their energy consumption, its environmental impact and its cost. While the optimisation of their devices will happen automatically, it will also respect the preferences and constraints they express.
Future energy with emhTrade
We improve the financial viability of distributed energy resources (such as solar panels, electric vehicles, and batteries) by enabling their owners to enrol them in our energy marketplace.
Here they are able to trade their flexibility, i.e. their capacity to generate, store or consume energy at optimal times. The energy industry needs this flexibility, because it allows for more effective system operations.