Scottish software developer Smarter Grid Solutions (SGS) is on course for break-even in its latest financial year after hitting the £20 million milestone in research and development projects underpinned by its technology. The platform developed by Glasgow-based SGS allows operators to connect wind turbines, solar panels and other sources of renewable energy to the distribution grid at greater speed and less cost than traditional methods. It also enables grid management to accommodate more power and energy storage to balance supply with demand levels. SGS’s distributed energy resource management system (DERMS) software is on track to exceed 1.3GW of renewable generation, storage and flexible load under control. The company has been funded to date by approximately £6m of investment from Scottish Equity Partners, the Scottish Investment Bank and the University of Strathclyde.
Herald 27th May 2020 read more »
A government-backed project to integrate energy management across social housing, transport infrastructure and residential and commercial buildings in West Sussex is gearing up to begin development once lockdowns ease, the group of firms behind the project confirmed today. The SmartHubs smart local energy system (SLES) project, which secured backing from the government’s Industrial Strategy Challenge Fund in April last year, aims to show how power, heating, and transport technologies can work together to boost efficiency while slashing CO2 emissions and bills. The £31m project is backed by a consortium of clean tech firms and aims to develop a state-of-the-art distributed energy management system that can then be replicated elsewhere in the UK to support more flexible, low carbon power supplies as the net zero transition gathers pace. Companies and organisations involved in the project include ITM Power, Moixa Technology, ICAX, PassivSystems and Connected Energy. And today project partners confirmed that data modelling, systems design and detailed planning for the SmartHubs SLES project in Shoreham-by-Sea are all moving “at full speed” despite disruption and restrictions as a result of the coronavirus crisis, and that work on the trial is set to get underway proper once restrictions lift.
Business Green 27th May 2020 read more »