IoTMeetupGuildford#15: Steven Clarke - Generate revenue from energy intensive equipment - Open Energy
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Open Energi is a company that uses IoT technology to generate revenue from energy intensive equipment by having that equipment intelligently respond to energy supply and demand. They have created a new energy economy that is cleaner, cheaper and more secure by enabling bidirectional energy flow that supports renewable integration. Their patented technology aggregates demand side response resources to shift up to 10% of energy demand while rewarding businesses. Open Energi fills peaks and troughs in energy demand beyond what base load power can provide.
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IoTMeetupGuildford#15: Steven Clarke - Generate revenue from energy intensive equipment - Open Energy
- 1. Generate revenue from energy intensive equipment Presentation to: Guildford IoT Meet Up December 2015
- 5. About | Open Energi Open Energi is transforming how we use and deliver energy, building a new energy economy which is cleaner, cheaper and more secure
- 7. Power Supply | Old Energy Economy • Linear value chain • Supply is adjusted to meet demand • Does not support renewables integration • Energy users are passive consumers of power
- 8. Power Supply | Energy Transformation
- 9. Power Supply | New Energy Economy • Demand responds intelligently to supply • Supports renewables integration • Bi-directional value chain • Strength of DSR is in aggregation
- 10. Power Supply | Technology is a Catalyst Using connectivity to help devices respond intelligently could shift up to 10% of energy demand whilst rewarding business for taking part
- 11. Power Supply | Market Position Open Energi fills peaks & troughs Peaking power typically coal Base load power typically nuclear / gas The graph represents a 24hr winter profile taken from the National Grid demonstrating base / peaking power and Open Energi’s service positioning
- 12. Power Supply | Energy Balancing • National Grid has to maintain system frequency between 49.50 - 50.50Hz • Power supply would fail without grid balancing services
- 13. Power Supply | Energy Balancing Options
- 14. Open Energi | Market Differentiators Globally unique patented technology is clearly differentiated when compared to other Demand Side Response balancing services
- 15. Open Energi | Market Differentiators • Other demand-side response aggregators operate under a Firm Frequency Response license • Only Open Energi offers an automated service with full time utilisation • Only Open Energi offers a service with the ability for both high & low events which commands a premium price
- 16. Service | Availability Payments Turning energy-intensive equipment into income High Response Low Response Paid for Availability Only 5% (average) Switched
- 17. Hardware | Architecture Typical installation layout
- 18. Customers | Case Studies Open Energi works with large energy users across the public and private sector to generate new revenues and support their sustainability goals “We are committed to sustainability and strive to exhibit leadership in our sector. Our collaboration with Open Energi, and the rollout of this cutting edge technology demonstrates our pioneering approach to tackling energy management and carbon reduction” Chris Hudson, Director | Aggregate Industries
- 19. UK Head Office Lincoln House 300 High Holborn London WC1V 7JH +44 (0)20 3051 0600 www.openenergi.com
Editor's Notes
- - Open Energi is turning the energy system on it’s head, so that instead of supply adjusting to meet demand, demand adjusts to meet supply By harnessing small amounts of flexible energy demand from energy-intensive equipment we can create a virtual power station and displace fossil-fuelled peaking power stations This is enabling a user-led transformation in how our energy system works, so that businesses and consumers are not only making it happen, but also seeing the benefits It’s a vital part of our transition to a zero carbon economy because we cannot maximise our use of renewables unless our demand for energy becomes more responsive
- - Open Energi is turning the energy system on it’s head, so that instead of supply adjusting to meet demand, demand adjusts to meet supply By harnessing small amounts of flexible energy demand from energy-intensive equipment we can create a virtual power station and displace fossil-fuelled peaking power stations This is enabling a user-led transformation in how our energy system works, so that businesses and consumers are not only making it happen, but also seeing the benefits It’s a vital part of our transition to a zero carbon economy because we cannot maximise our use of renewables unless our demand for energy becomes more responsive
- - Open Energi is turning the energy system on it’s head, so that instead of supply adjusting to meet demand, demand adjusts to meet supply By harnessing small amounts of flexible energy demand from energy-intensive equipment we can create a virtual power station and displace fossil-fuelled peaking power stations This is enabling a user-led transformation in how our energy system works, so that businesses and consumers are not only making it happen, but also seeing the benefits It’s a vital part of our transition to a zero carbon economy because we cannot maximise our use of renewables unless our demand for energy becomes more responsive