- New technology platform uses artificial intelligence to coordinate and optimise distributed energy assets in real-time
- Enables businesses to ‘stack’ demand flexibility revenue streams from multiple services
- Dynamic Demand 2.0 brings the future of zero carbon, self-balancing grids closer to reality
Open Energi today launches its Dynamic Demand 2.0 platform, which connects, aggregates and optimises distributed energy assets, including industrial equipment, battery storage systems, electric vehicles (EVs) and on-site generation, to help businesses radically reduce their cost of consuming power.
Dynamic Demand 2.0 enables businesses to “stack” demand flexibility value streams and determines which assets to use and when to maximise savings without impacting performance. These value streams include balancing services, energy trading, the capacity market, peak price management, constraint management and operational energy efficiencies.
The platform uses artificial intelligence and machine learning to manage assets at an individual and portfolio level and continuously improve performance. The ability to intelligently manage demand flexibility and coordinate the actions of many assets in real-time, each with bespoke and dynamic operational constraints, is a significant step towards a self-balancing grid that can integrate renewable generation efficiently at scale. The approach ensures businesses will not miss revenue and savings opportunities by operating assets in isolation.
For example, take a retail chain with rooftop solar, batteries installed on site and EV chargers in its carparks, as well as flexibility inherent in its air-con systems. The goal is to maximise value for the business subject to local and portfolio level constraints, which could mean managing a Power Purchase Agreement, fulfilling a Capacity Market contract, and providing balancing services, while minimising the impact on consumers.
Similarly, when managing a fleet of battery storage assets, the optimal control strategy goes beyond revenue stacking each asset individually. A central intelligence that is aware of the state of each battery can determine how hard to work different assets to maximise revenue or minimise the number of charge-discharge cycles performed, extending each asset’s life. Dynamic Demand 2.0 can combine revenue stacking with fleet management strategies to meet these objectives.
The platform has been designed to give consumers greater control of their energy demand. David Hill, Commercial Director at Open Energi explains: “It is now possible to measure and monitor machine behaviour at such a granular level that we can identify invisible flexibility in the way we consume power. Many industrial processes – such as pumping, heating and cooling – have inherent energy storage, and when you combine these with on-site generation, battery storage and EV charging it is possible to take sites off-grid for periods of the day with no impact on business operations. This is incredibly empowering for consumers, but identifying which asset to switch or dispatch and in which order to reduce costs and carbon is a very complex and dynamic problem to solve. This is where Dynamic Demand 2.0 comes in.
“Dynamic Demand 2.0 puts within reach a 100% renewable energy system, balanced by real-time demand flexibility, where the cost of that input is data alone. You begin to see a future which has a very low cost of operation and a future in which consumers are in control of how they use energy.”
Aggregate Industries expects to be the first of Open Energi’s existing customers to connect to the platform. It is working with Open Energi and its electricity supplier, Ørsted, to ‘stack’ revenue streams from different demand side response services in real-time. At the same time, Dynamic Demand 2.0 will optimise Aggregate Industries’ consumption to avoid peak price periods and improve operational efficiency, with zero impact on its operations.
Donna Hunt, Head of Sustainability at Aggregate Industries said: “Aggregate Industries has pioneered the use of Open Energi’s technology since we first started working together in 2012. But we know we have only scratched the surface in terms of the value that demand flexibility can offer both our business and wider society. Dynamic Demand 2.0 offers us greater control and visibility of our energy demand, helping us to save energy, cut costs and play a more active role in creating a sustainable energy future. The more businesses and industries that collectively manage their demand in this way, the more impactful we can be.”
In addition to upgrading existing and new customers to Dynamic Demand 2.0, Open Energi is also advancing discussions with a number of battery storage and EV charging companies to licence the platform’s software for use in their products.
Michael Bironneau, Technical Director at Open Energi commented: “Dynamic Demand 2.0 applies the same techniques that have let machines defeat chess and Go masters to orchestrate demand flexibility in real-time. The platform can respond to the changing needs of consumers and provide technology developers and equipment manufacturers with the tools they need to accelerate demand-side innovation. Moving from a world of retrofitting hardware to connecting equipment with inbuilt demand management capabilities will help make it economical for SMEs and households to participate and share in the benefits.”