TECH START UP TURNED UTILITY – EMPOWERING CUSTOMERS WITH DATA TO TAKE CONTROL OF THEIR ENERGY - ERIK NYGARD
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Erik Nygard is a Co-Founder at Limejump Ltd. He is responsible for strategy and business development and has substantial experience in electricity trading, hedging and optimisation.
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TECH START UP TURNED UTILITY – EMPOWERING CUSTOMERS WITH DATA TO TAKE CONTROL OF THEIR ENERGY - ERIK NYGARD
- 1. Tech Start Up Turned Utility – Empowering customers with data to take control of their energy. ERIK NYGARD
- 2. Big Data is a Catalyst For Energy Market Shi #Shi Happens
- 3. UK ANNUAL POWER GENERATION – TODAY Coal Gas Nuclear Wind DG Wind Solar Total generation equals demand 126TWh 76TWh 71TWh 26TWh 22TWh 7TWh 6 TRANSMISSION CONNECTED DISTRIBUTION CONNECTED Estimated data based on: BM Reports / National Grid Future Energy Scenarios Jul 15
- 4. UK FLEXIBLE POWER CAPACITY – TODAY Nuclear 7GB DG Wind SolarCoal 9GB Gas 53GB Wind 200GB 4.9GW 1.8GW 0.2GW 29GW 18GW 10GW 9GW 12GW 9GW 7 Flexible generation follows demand Demand (Businesses) 86 GB Very limited flexibility Flex 0.2GW / Total 38GW Estimated data based on: BM Reports / National Grid Future Energy Scenarios Jul 15, Ecofys - Flexibility options in Electricity System TRANSMISSION CONNECTED DISTRIBUTION CONNECTED FLEXIBLE CAPACITY: YEARLY DATA OUTPUT:
- 5. UK DATA GENERATION – DAILY OUTPUT 1GB UK Electricity Grid Indicative figures
- 6. UK DATA GENERATION – DAILY OUTPUT 1GB UK Electricity Grid 10,000GB Social Media Platform (UK only) Indicative figures
- 7. THERE IS HUGE POTENTIAL WITHIN THIS DATA Customers are compensated for their flexibility. Inactive customers are empowered to be in control of their energy. Additional flexibility on the network will allow increased renewable generation.
- 8. MASS INTEGRATION OF WIND AND SOLAR BY 2030 – MORE FLEXIBILTY NEEDED IN UK GRID Wind Nuclear Gas Coal DG WindSolar 28TWh 17TWh105TWh 72TWh 0 74TWh 22TWh Estimated data based on: BM Reports / National Grid Future Energy Scenarios Jul 15 TRANSMISSION CONNECTED DISTRIBUTION CONNECTED
- 9. A SHIFT IN FLEXIBILTY IS REQUIRED TO MAINTAIN SYSTEM BALANCE BY 2030 IN UK GRID Wind 799 GB Gas 75 GB Nuclear 10 GB Coal Solar DG 590,354 GB Wind 11GW 8GW40GW 27GW 0 23GW 13GW 0.8GW 4.5GW 1.2GW 4.5GW 0.2GW Demand (Businesses and Homes) 98,397,786 GB New flexibility Flex 6.6GW / Total 44GW Estimated data based on: BM Reports / National Grid Future Energy Scenarios Jul 15, Ecofys - Flexibility options in Electricity System TRANSMISSION CONNECTED DISTRIBUTION CONNECTED FLEXIBLE CAPACITY: YEARLY DATA OUTPUT:
- 10. UK DATA GENERATION – BY 2030 270,000GB UK Electricity Grid 2030 10,000GB Social Media Platform UK Today UK Electricity Grid Today 1GB Indicative figures
- 11. HARNESSING AND OPTIMISING VAST AMOUNTS OF DATA– THE VIRTUAL POWER PLANT
- 12. WHAT THIS MEANS TO BUSINESS CUSTOMERS Keeps lights on for 1,178 households for an hour 1,000s in new revenue Intuitive online platform UK’s No1 Ice Leisure Provider 2Mb of data per day Turn off chillers for short periods of time
- 13. ECONOMIC AND CARBON BENEFITS OF SCALING UP VPPs 1 year of calling upon a VPP versus a large fossil fuel plant equates to over 95% savings in CO2 emissions which is equivalent to 70,000 tonnes of carbon. Delays costly and carbon-intensive reinforcement for distribution and transmission networks.
- 14. THANK YOU #Shi Happens We’re Hiring! +44 (0)207 127 5308 careers@limejump.com