Energy tech start-up Open Utility has landed more than £400,000 of government funding to help develop an online marketplace for local flexibility trading. The funding, from the Department of Business, Energy and Industrial Strategy’s energy entrepreneurs fund, will help Open Utility create the marketplace as a follow-up to its successful peer-to-peer energy matching service Piclo, which was picked up by Good Energy last year. Open Utility describes the new flexibility marketplace as allowing distribution network operators to play a more active role in managing local grids. Acting in a similar fashion to Piclo, the service will enable DNOs to procure flexibility from local providers to reduce “congestion” at specific times and locations on the grid. The company said the system would also help DNOs as they transition to become distribution system operators with greater responsibilities for the overall management of local grids.
Clean Energy 25th Oct 2017 read more »