Open Energi has launched its AI driven Dynamic Demand 2.0 platform, which helps businesses radically reduce their cost of consuming power.
It 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.
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.
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