Low-cost, scalable system for Demand Response. January

Size: px

Start display at page:

Download "Low-cost, scalable system for Demand Response. January"

Charles Butler
5 years ago
Views:

1 Low-cost, scalable system for Demand Response January

Aggregators pool assets and connect them to National Grid schemes Time of Use (TOU) tariffs: peak and off-peak rates

2 Background: Balancing the Electricity Grid Shifting demand to balance out fluctuations in electricity supply and demand Demand Response (DR): You get paid to shift demand. Aggregators pool assets and connect them to National Grid schemes Time of Use (TOU) tariffs: peak and off-peak rates Benefits: Balances demand and supply, keeps grid frequency at 50Hz Peaks are 3x more expensive and 30% more polluting Enables integration of more intermittent renewables Cheaper than storage or generation

Balancing the grid: Demand Response and Time of Use Two ways to incentivise users to shift demand to balance the

Aggregators 12p 12p 11-6am 5p 4-7pm 7-11pm 11-6am You can earn the equivalent of 5-10% of your electricity bill

DR equipment spend to grow 22% p.a. to $1.

3 Balancing the grid: Demand Response and Time of Use Two ways to incentivise users to shift demand to balance the grid Demand Response: get paid to turn off Time of Use tariffs: 5x peak/off-peak Grid Operator 25p per kwh Aggregators 12p 12p 11-6am 5p 4-7pm 7-11pm 11-6am You can earn the equivalent of 5-10% of your electricity bill 1% of demand flexible in UK, 8% in the US National Grid sees growth of 3x to 2020 DR market worth $1.6bn. DR equipment spend to grow 22% p.a. to $1.3bn in 2024 You can save 5-20% of your electricity bill Peak reduction with automation is 21%, versus10-14% with behaviour-only 2016 launches from Green Energy and British Gas. EDF and SSE running trials

4 Problem Hardware & installation expensive, preventing SMEs and households from participating Hardware Costs Installation Costs Reaction Speed End user fears - Control box from major suppliers costs 3k to 5k - Many aggregators have created their own hardware - Installation is complex - Many legacy control interfaces (ModBus, LonWorks, BacNet etc.) - New DR schemes (frequency mgt) require 2-10 second reaction - Requires several measurements per second - Disruption to business/comfort - Insufficient earnings potential

5 Vision: Everyone can contribute to smarter energy GridDuck makes it quick, cheap, easy & comfortable Quick. Wireless installation via mobile phone app ( almost self-install ) Cheap. Per asset 25 to 80, plus 5-10 per month (b2b) Easy. Payback under 1 year (b2b) Comfortable. Each load with its own schedules, conditions and overrides

6 Solution Central, wireless control of interruptible electric loads. Product 80% complete for B2B trials User interface (settings & overrides) Cloud Hub (ZigBee wireless) Smart Plug & Relay (ZigBee wireless)

7 Route to Market & Traction We help expand UK SME market from 20k sites to 200k. 2.5m homes in UK heat with electricity Market Size Businesses via DR Aggregators Our 5-10x lower costs expand the market from 20k business sites to 200k. Value: 48m/year (200k sites, 4 assets, 5/month) Homes with electric heating 2.5m homes in UK heat with electricity. Value 30m/year (2.5m homes, 12/year) Route to market Demand Response aggregators Energy resellers & utilities Heating/Cooling manufacturers Traction 1 trial complete (Upside) Trial in preparation (UK aggregator) Trial in preparation with I-ON (S. Korean DR software) Integration in prep (UK manufacturer)

Team People in place to launch product in the market Gregor Hoefter, CEO T-Mobile (Smart Home, app store billing, app development), Vodafone, BlackBerry Co-founder web agency, food

picking & dispatch system) Co-founder Gigbloc (live gigs listing & listening) MMath, Durham University, dissertation on machine learning Nick Butlin, Non-Exec Advisor CEO Resilience Energy

8 Team People in place to launch product in the market Gregor Hoefter, CEO T-Mobile (Smart Home, app store billing, app development), Vodafone, BlackBerry Co-founder web agency, food importer, finance analyst UK & Portugal, social work Mexico Studied in UK (UCL), Italy (Pisa) and France (Insead) Richard Tolley, CTO Wirewax (online video analysis software), Ocado (new picking & dispatch system) Co-founder Gigbloc (live gigs listing & listening) MMath, Durham University, dissertation on machine learning Nick Butlin, Non-Exec Advisor CEO Resilience Energy (smart energy consultancy) and Viriya Energy (battery storage) CTO at Tempus Energy, Operations Director at Kiwi Power (UK s largest aggregator), Engineer at BAE & Courtaulds MEng Nottingham University

9 Seed Funding Raising 250,000 to finalise, certify, trial and launch product in B2B Seed round of 250,000: Completing the product Commercial trials with aggregators & manufacturer Certification functional and security (required by two aggregators) IP Audit (IP Office) Initial hardware order (branded) Investor benefits: Worldwide niche Low-cost solution acts as catalyst Enables more renewables Scalable cloud platform Exposure to IOT, smart energy, AI Hire additional developer 18 months run way

10 Thank You Gregor Hoefter

PlutonPower Smart Circuit Breaker Transforming Energy of Every Home & Business into Big Data.

PlutonPower Smart Circuit Breaker Transforming Energy of Every Home & Business into Big Data. Uroš Platiše, CEO, CTO 26 Oct 2018, www.plutonpower.com Problems and Drivers World energy demand is not only