Welcome to the exciting world where green tech and machine learning join forces to revolutionize energy management! Get ready to embark on a journey where renewable energy, cutting-edge technology, and the magic of machine learning create a greener and more sustainable future. In this blog post, we’ll dive into the fascinating realm of The Electric Storage Company, where energy management meets green tech and machine learning. Learn how we are leveraging the power of machine learning and renewable energy to transform the way we manage and consume electricity. Join us as we discuss the innovative solutions provided by The Electric Storage Company in the field of energy management, renewable energy, and grid stability.
In the past few weeks, I had the privilege of presenting at Digital DNA where I gave a brief overview of the power of data and machine learning and the impact that PARIS entech can have for so mnay homes and businesses.
Supercharging Renewable Energy Consumption:
Say goodbye to wasted energy and hello to optimized renewable energy consumption! At The Electric Storage Company, we harness the power of machine learning algorithms to make your renewable energy journey a breeze. By analyzing each individual customer’s historic data and combining it with weather data, our machine learning algorithms create accurate and personalized forecasts for future electricity consumption and generation. These forecasts are then used by our energy optimizing IDEA engine to manage your battery, ensuring it charges and discharges electricity at optimal times, maximizing your savings. With The Electric Storage Company, you can have your own renewable energy superhero!
When it comes to grid stability, our green tech heroes are here to save the day! The Electric Storage Company’s green tech solutions, powered by machine learning, enable our largest customers to provide vital services to the grid operator. As we transition to more renewable sources of energy, customers with large batteries can actively participate in markets, supplying the grid operator with services to balance energy supply and demand. By doing so, they play a crucial role in maintaining the stability of the grid, ensuring a seamless transition to renewable energy sources. The Electric Storage Company is proud to be a part of keeping the lights on in the renewables age.
In the world of energy management, green tech, renewable energy, and machine learning combine to create an extraordinary adventure. The Electric Storage Company’s innovative approach brings efficiency and sustainability together, making the journey towards a greener future both exciting and rewarding. Join us on this thrilling ride, where machine learning adds a touch of magic to optimize renewable energy consumption, and green tech heroes aid in grid stability. With The Electric Storage Company, we are guided by renewable energy gurus who help us navigate towards a brighter, cleaner future. Together, we’ll conquer the challenges, embrace innovation, and create a sustainable energy landscape that will leave a lasting impact for generations to come. Let’s have a blast as we harness the power of green tech and machine learning in energy management!
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The Electric Storage Company announces results of £4.5m pilot renewables project in Coleraine
A £4.5M RENEWABLES project, part-funded by UKRI (£2.2M grant) with £2.3M match-funded, has saved a combined £27,000 in energy costs for 60 properties concentrated around the Ballysally area of Coleraine in just one year. This represents an average saving of 55% per property across the Project.
Northern Ireland’s first smart electricity grid, ‘Project Girona’, was designed by The Electric Storage Company to demonstrate the potential benefits of a SLES (Smart Local Energy System).
Bringing cheaper, smarter, greener electricity to homes and communities in Coleraine, The Electric Storage Company is yesterday, 28th September 2022, announcing the findings of the 12-month study.
Combining solar panels and battery storage technology, Project Girona has successfully saved businesses, homeowners, tenants, and local community groups an average of 55% in electricity costs. Further to the significant cost savings – which will become even greater as energy prices continue to soar – Project Girona saved 40 tonnes of CO2 – which equates to the same amount of C02 used by 19 family cars in a year.
The project generated 171MWh of renewable electricity and exported 30MWh of green energy to the grid. The exported electricity generated further income for the properties and enabled other properties to benefit from clean energy.
Commenting on the results of Project Girona and the technology behind its success, Eddie McGoldrick, Co-Founder of The Electric Storage Company said: “We’re living through a cost-of-living crisis with energy costs spiraling, and this makes the results of Project Girona even more relevant in today’s environment.
“We have been working on bringing this technology to market for seven years, and it’s now available to customers across Northern Ireland, who can benefit from reduced electricity costs, whilst reducing their carbon footprint. Combining battery storage with renewable technology is the way forward in future-proofing homes from the escalating energy costs that we’re seeing today.”
Following the initial pilot project, the homeowners and tenants participating in the project have been gifted the pilot technology, worth £840,000, and will continue to benefit from the savings that it generates for years to come.
Co-Founder and Operations Director of The Electric Storage Company, Anne Marie McGoldrick, continues: “Project Girona successfully demonstrated average savings of 55% on electricity bills using this solution. With the addition of our smart management platform, PARIS – which extracts the full economic value of every unit of energy – we are predicting further savings of up to 20% for customers.
“PARIS uses smart technology and data to make the complex simple so that the customer doesn’t have to do a thing.”
Project Girona involved just 60 properties, which in turn saved almost £27,000 in energy costs. As a pilot project, this indicates that if the same solar panel and battery storage smart solution provided by The Electric Storage Company was applied to 1000 new homes that it would generate 2.8GWh of green energy, worth £625,000 and importantly reduce carbon emissions by 667 tonnes in one year.
Minister for the Economy, Gordon Lyons, visited Focus on Family, a charitable Nurturing & Development Centre based in the Ballysally Estate, to learn more about the benefits of the technology and how it has saved businesses, homeowners, tenants and charities like Focus on Family thousands of pounds in electricity costs. A representative from Focus on Family met with the minister and told how the organization has made savings of a staggering 69% (£855*) on its electricity bills since adopting the solar panel and battery storage solution.
Commenting on his visit, Minister Lyons added; “I am acutely aware that the unprecedented rise in energy prices is having a significant impact on homes, business, and the community sector. While we, unfortunately, do not have control of the global markets dictating many of these costs, green energy projects help to protect consumers by providing alternative sources of energy. Project Girona is an excellent example of an innovative local pilot project making energy more affordable.
“My Department’s energy strategy ‘The Path to Net Zero’ is a longer-term strategy for the whole of Northern Ireland to become less vulnerable to volatile global energy markets. Affordability is front and centre of this strategy which takes an ‘energy efficiency first’ approach aiming to help consumers to reduce the energy they use and therefore their energy bills.”
The GIRONA project started in Mar 20 with field installations starting in Feb 21. The Project concluded on 28 May 2022 with the final report submitted in Jun 22 to UK Research and innovation (UKRI).
The project started as the first COVID-19 lockdown was initiated. The Project was successfully delivered during the pandemic.
A total of 172 MWh of electricity was generated by solar PV (12 months). This is 49.6% of total electricity consumption by the Girona cluster (129 MWh). There are 2 locations in the cluster that are large consumers which are skewing the figures somewhat. If these are removed the total generation increases to 55% instead of 49.6%.
2. Total/cluster savings (12 months) is approximately £26,995 (based on a 18p/unit price)
3. Total/cluster CO2 savings (12 months) equates to 40.2 tonnes of CO2 not produced by the power stations. This is the equivalent of taking 19 family cars off the road in terms of CO2 production.
4. The GIRONA cluster exported a total of 31 MWh of electricity back to the network (this is included 172k generation figure) (12 months). This means that other consumers were availing of renewable/green electricity generated by the GIRONA cluster (c.3tonnes of CO2 that power stations have not had to produce). * This CO2 data was generated using the Carbon Trust’s Carbon Footprint Calculator.
GIRONA has 60 properties with PV and battery. These properties came on-line incrementally and not altogether.
TESC has already created 15 new green jobs with a plan to raise a further 10 jobs in the near future.
Focus on Family, made cost savings of 69% (equating to £855*) on its electricity bill following installation of the solar panel and smart battery solution for Project Girona.
*this figure is an estimate based on a flat rate cost of 24p and no feed in rate
The Electric Storage Company (TESC) has announced a significant seven figure investment and strategic partnership with the Heron Brothers.
This investment from Heron Bros will now fast track TESC’s growth plans significantly and they plan to more than double their team of power and software engineers, and data scientists to 35 in the next 2-3 years.
Heron Bros, an award-winning construction and property development company which operates throughout the UK, Ireland and Europe is already experienced in the renewable space as lead partner in the renewable energy company, Simple Power which was at the forefront of wind energy production in Northern Ireland.
The partnership will enable the further roll out of the PARIS platform (Predictive Analytical Renewables Integration System). PARIS brings Fintech and GreenTech together using leading edge data analytics software to gather data from smart batteries in people’s homes and commercial buildings and then ensures they get the cheapest, greenest energy.
Speaking about the investment Damien O’Callaghan, Group MD, Heron Bros said; “The combined strengths of Heron Bros and The Electric Storage Company will now offer an exciting and innovative proposition to help our customers on the path to net zero. According to recent research from leading management consultancy McKinsey’s, real estate across homes and businesses accounts for about 40% of all Greenhouse gas emissions. It is our belief that by improving the efficiencies in real estate (both new construction and existing buildings) that most companies can realistically reduce more than half of their emissions between now and 2030. This significant investment and partnership are designed to help companies and individuals do just that.”
Eddie McGoldrick, Director TESC added; “The Electric Storage Company combines Northern Ireland’s expertise in power engineering, fintech and big data and we are now aiming to ‘scale up’ significantly to repeat our already successful smart approach to electricity usage across Ireland and GB. Our team are delighted to now partner with one of Northern Ireland’s leading construction and renewables development companies to fast track that growth. Our shared expertise in renewables and delivering innovative customer solutions for customers across the British Isles will bring lower costs to greener homes and businesses and help people to meet their net zero targets sooner.”
Pictured at TESC’s offices in the Innovation Factory in west Belfast are (l-r) Damien O’Callaghan, Heron Bros; Eddie McGoldrick and Anne Marie McGoldrick from TESC and Emmet Heron, Heron Bros.
System and network operators across the globe are demonstrating smarter, more flexible network solutions that offer greater control over power flows, helping to reduce the need for network reinforcement to manage periods of peak demand. The Electric Storage Company is the first provider of Flexibility services in Northern Ireland to use battery technology, coupled with renewable generation as part of NIE Networks’ FLEX project.
The Electric Storage Company uses a combination of battery storage and its PARIS software platform to provide network stabilisation at times of peak demand, particularly after 5:00 pm when energy consumption increases post-work and school, as households return for the evening.
With the predicted increase in the use of electric vehicles and electrified heating, comes an increased demand on the network. Providing flexible network support enables distribution network operators like NIE Networks, to meet this demand while minimising the investment that would be required to upgrade the electricity infrastructure in order to cater for this rise in demand. Battery technology managed by sophisticated energy management platforms like The Electric Storage Company’s PARIS platform is ideally placed to provide these services, and in return can provide additional income for households using battery technology.
This solution from The Electric Storage Company uses the company’s signature PARIS energy management platform and batteries from the company’s ‘Project Girona’ (gironaenergy.com) allocation to provide energy for flexibility services. The PARIS software virtually aggregates the allocated batteries into a cluster before the system discharges the energy stored at a specific peak time.
PARIS, which stands for Predictive Analytical Renewables Integration System, is the brainchild of co-founder and Director of The Electric Storage Company Eddie McGoldrick and is designed to maximise the value of every unit of the energy, to the benefit of the customer. The system has been developed using state of the art data analytics software, which specialises in forecasting the usage and generation of energy to determine the value it can bring to customers using real-time data. Using the same technology that underpins financial trading software, the PARIS system has the capability to make smart decisions on when to store, use and release energy, benefitting the battery and the consumer in terms of both energy and cost efficiency. The Electric Storage Company believe that the PARIS system and its capabilities in smart energy management represent the beginning of a new era in the electricity and ENTEC sectors that will play a key role in the achievement of the UK’s Net Carbon Zero targets.
The Electric Storage Company were delighted to welcome the Permanent under Secretary of State Lord Caine to our offices in The Innovation Factory Belfast last week. Lord Caine took the opportunity to learn more about the energy revolution of which The Electric Storage Company are at the forefront.
Getting to see first-hand how The Electric Storage Company has been making strides toward #NETZERO, bringing Cheaper, Smarter and Greener electricity to everyone. Our innovative PARIS energy management platform was demonstrated to Lord Caine. PARIS makes the complex simple and powers The Electric Storage Customer’s TESC ONE service that is further increasing customer savings. In addition, Lord Caine was updated on Girona Energy which has delivered savings of over £11,000 across 60 homes between February and September.
Not only has this project participants seen around a 50% reduction on their energy bills, they have also seen a reduction of 13.6 tonnes of CO2 across the project area. That equates to taking 10 cars off the road. What is now evidently clear is that the technological solutions needed to make real change are here. It is paramount that we deliver with a sense of urgency as The Electric Storage Company continues to make strides to enable individuals and companies achieve their Net-Zero targets.