BEIS funds new technology, including Powervault, for consumer demand-side management
The Department for Business, Energy and Industrial Strategy (BEIS) in the UK has issued funding to ensure the reliability of grid networks through increased rollout of demand response initiatives. BEIS has provided Pixie Energy, Powervault and Sustainable Venture Development Partners with funds to implement the Whole House Energy Management project.
The funding has been issued as part of the BEIS’ demand-side response competition and will be used to integrate hot water controllers with Powervault’s new system, Powervault 3. The Powervault 3 will be used to control the water heating devices and the pilot will assess the benefits of a dynamic tariff integration for customers.
Dan Starman, Senior Consultant at Pixie Energy, said:
Intelligent energy consumption plays a pivotal role in helping the government reach its carbon targets and taking advantage of the technological advances available will no doubt help towards this goal.
This project will be trialling a smarter home that responds to variable prices, by maximising demand when power is cheap and minimising demand when power is expensive. The aim will be to explore whether customers will benefit from more affordable energy use by avoiding peak periods using demand management and battery storage. Rolled out at scale, this could support wider system security and possibly carbon emissions.
This should enable homes to consume power more intelligently with minimal impact to the householders’ lifestyle. We are delighted to be collaborating with Powervault and Sustainable Venture Development Partners in this new trial for water heating solutions.