Low-cost, scalable system for Demand Response January 2017 www.gridduck.com
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 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
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
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
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)
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 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
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
Thank You Gregor Hoefter gregor@duckduck-innovations.com + 44 7740 023578 www.gridduck.com