Irish utility Energia and technology firm Moixa have partnered to in a bid to create a 120 kWh ‘virtual power plant’ (VPP), consisting of home smart batteries, rooftop solar and electric vehicles (EVs). Under the scheme, Energia’s domestic energy customers will be offered a 4.8 kWh Moixa Smart Battery and a rooftop solar system, as well as an optional EV charging point for their property, for a reduced cost of approximately €7,400. They will be incentivised to take this offering with information around how it could reduce their energy bills by as much as 50% and also claim back a €2,400 grant from the Irish Government. The hope is to create a 120 kWh network in which participants can sell energy from their home and EV batteries for aggregation by Eirgrid, the Irish transmission system operator (TSO), at times of peak demand. Moixa’s GridShare software will embed artificial intelligence into the batteries, enabling the fleet of assets to react to market signals. This will enable the grid to balance demand as more renewable power comes online. Eirgrid is notably striving to ensure that 40% of Ireland’s electricity comes from renewable sources by 2040 while maintaining supply security and grid stability. Energia, meanwhile, is planning to add up to 1.5GW of renewable generation to the grid over the next five years through a string of investments, totalling €3bn.
Edie 23rd Oct 2019 read more »