Stroud-headquartered green energy company Ecotricity has formed a partnership with Germany-based virtual power plant operator and power trading company Next Kraftwerke to create and operate a ‘Smart Grid’.
Next Kraftwerke operates one of Europe’s largest virtual power plant, connecting power-producing assets from renewable sources such as biogas, wind, and solar with commercial and industrial power consumers and power-storage systems. The resulting tight-knit network benefits everyone involved and the power grid as a whole.
Ecotricity will use Next’s software platform to regulate and balance energy generation, storage and demand, across the whole of the country – in real time.
Ecotricity views this kind of smart grid operation as an essential part of what a 21st century energy company needs to do, taking responsibility for the real time balancing supply and demand using smart technology.
Connecting electricity generators, consumers and storage systems to a single digital platform, will enable them all to work together to create a more sustainable and secure energy grid.
Businesses with energy storage systems, energy generators and customers that can manage their demand will all be able to benefit financially from being part of this new approach to energy, says Ecotricity.
Ecotricity is the first company to use Next Kraftwerke’s new NEMOCS platform, which uses algorithms to monitor and manage energy assets (generation, storage and demand) to better balance supply and demand in real time.
Mark Meyrick, Head of Smart Grids, from Ecotricity said: “We’ve been watching Next’s activities in the flexibility space for a while and are big admirers of what they’ve achieved. As a result we’re very happy and excited to be partnering with such an innovative organisation who match our pioneering values and commitment to renewable energy. This is a ground-breaking project and it will really help to enable our aspirations in the storage space, and manage our energy effectively.”
Jochen Schwill, CEO and co-founder of Next Kraftwerke, said: “We have developed NEMOCS building on everything we have learned over the past 10 years, because we strongly believe that it is important to use all the flexibility which already is on the market to make the energy system more efficient. NEMOCS provides a way to do so and we are happy to cooperate with Ecotricity, one of the green energy pioneers, to optimize their production.”
Ecotricity and Next Kraftwerke are launching the partnership at All-Energy, the UK’s largest renewable and low carbon energy exhibition and conference this week.