|Title:||New Opportunities and New Business Models in the Evolving Smart Grid|
|Session type:||Invited Industry Session|
|Proposed by:||Dr. Julian de Hoog, IBM Research Australia|
|Date and time:||Thursday, December 1, 11:00-12:30|
The ways in which we generate, transmit, store and consume energy are undergoing radical changes, and many industry observers would agree that we are in the middle of an energy revolution. The industry is seeing rapidly developing technologies, new distributed control opportunities, ever-expanding sensing and data sources, and a more energy-savvy customer base. Such change brings with it an exciting set of new opportunities, and provides a stage for new business models to thrive.
This invited session will bring together representatives from a diverse range of businesses – from startups to established companies – to describe the ways in which they are developing and adapting their business models to take advantages of the opportunities that are arising in this rapidly changing space.
CTO, Reposit Power
“Personal Powerstations: The opportunities created by small-scale distributed generation and energy storage”
Lachlan is the co-founder and CTO of Reposit Power. He holds a PhD in systems and control theory and is a leading expert in the control of lithium based storage devices. He has previously designed and developed control, modelling and analytics solutions across a variety of industries. At Reposit Power Lachlan has led the development of Reposit’s optimal control and trading software platform which allow networks, retailers and utilities to work with prosumers to deliver a clean, reliable and cost effective grid, regardless of the energy storage hardware the consumer owns.
Australia has one of the largest residential solar PV deployments globally and this is now being complemented by the deployment of, typically lithium based, residential energy storage. Managing and controlling distributed energy storage provides a number of challenges, as well as creating significant opportunities for both utilities and customers alike. In this talk we will discuss the important role of energy storage in empowering consumers and changing the structure and operation of the electricity grid over the years ahead.
Head of Data Strategy and Analytics, Solar Analytics
“Performance monitoring and value adding for small-scale solar energy systems”
Dr Jonathon Dore heads the data analytics team at Solar Analytics, a young solar monitoring company specialising in small-scale rooftop solar system performance assessment and fault diagnosis. His team work to develop and improve energy analytics and fault diagnostics algorithms.
A solar specialist with 15 years of experience, Jonathon has previously worked in solar cell and module R&D and manufacturing in Australia and Germany and has been honoured with awards from UNSW, the Australian Solar Institute, the Australian Institute of Physics and the Institute of Electrical and Electronics Engineers.
Residential rooftop solar energy systems are one of the fastest growing sources of new energy capacity across the world, and particularly in Australia. However, the vast majority of these systems are not monitored and may not be performing optimally. This is of concern not only for the owners of these systems but for the wider energy network which must provide the remaining energy needs of those customers.
This talk will present the product and methods used by Solar Analytics to assess rooftop solar system performance and to diagnose the causes of non-optimal energy production. In addition to this, the measurement of both solar production and household consumption at short intervals allows insights on current and future energy use to be made available to the customer. This enables home owners to optimise their consumption profile, take advantage of alternative tariff options and assess the benefit of energy storage systems or other system upgrades.
The growing network of homes connected to this service also provides a wealth of data that can be channelled back to benefit every individual household: weather information can be inferred from the performance of neighbouring systems to better assess and predict solar performance; learning can be transferred from existing systems to new systems to accelerate the provision of useful information; and fleet-wide statistics can highlight unreliable components, identify network shortcomings and predict regional consumption peaks, helping optimise the network as a whole.
“Irritable, irrational and aspirational: energy consumers in 2016.”
Yann Burden is co-founder and CEO of Billcap, a software platform that has helped over 500,000 Australian energy consumers better understand and control their usage. Billcap deploys predictive modelling and user experiences to improve customer loyalty and accelerate the uptake of renewables and storage for utilities. Billcap partners with the University of Melbourne to study the behavioural economics of how customers interact and are impacted by smart meters, solar and storage. Yann has deep international energy and technology experience having worked with E.On (UK), EDF (France) and as a technology strategy manager at Accenture.
In this talk, Yann will explore the counter-intuitive behaviours of energy consumers and the impact this may have on the uptake of renewables, storage and new energy services. Based on findings from industry-leading economic research undertaken in partnership with University of Melbourne, Yann will propose potential approaches that energy innovators may consider adopting to succeed in this ever-changing consumer landscape.
“Improving the cost-benefit of batteries via advanced battery management”
Valentin Muenzel is CEO and Co-Founder at battery technology firm Relectrify. The company commercialises advanced battery management technology that increases the performance and lifetime of rechargeable batteries. Alongside applications in new batteries, this also holds key benefits for reusing old batteries from laptops and electric cars in highly sustainable and affordable household solar storage. Valentin’s prior experience includes work as a PhD Candidate at the University of Melbourne and energy storage projects with IBM Research – Australia and BMW Germany.
In the smart grids of the future, energy storage will hold a key role as a control and optimisation component. However, batteries remain expensive to acquire and offer limited life. Advanced battery management systems hold a unique opportunity to improve the lifetime performance of new batteries and even to provide a second-life to old batteries no longer useful in applications like electric cars. This talk will provide a unique insight into an early-stage company at the forefront of this field.
|Julian de Hoog
Research Staff Member, IBM Research Australia
“Forecasting and Optimisation: How to get the most out of your energy storage solution”
Dr. Julian de Hoog is a Research Staff Member at IBM Research – Australia, as well as an Honorary Research Fellow at the University of Melbourne. He is currently leading the energy storage initiative at IBM Research – Australia, and has roles in several other projects involving distributed generation and electrified transport. He previously spent three years as a Research Fellow at the University of Melbourne examining the impacts of electric vehicles on distribution networks, in joint projects involving several utilities across Australia.
With the cost of energy storage rapidly falling, the economic case for energy storage is becoming more and more attractive for homeowners, commercial entities, and network operators. However, the value of an energy storage solution is highly dependent on the way that it is operated: both the timing and the rate of charge and discharge have a significant impact on the value a storage asset returns over the course of its lifetime. Forecasting — of generation, demand, and price — becomes very important, and so too does an understanding of operational impacts on asset ageing. This talk describes the importance of optimising energy storage operation both over the short term (12-hour horizon) and over the long term (5 year horizon), and describes in detail how much value a smart, forecast-based, ageing-aware operational strategy adds to energy storage systems. Maximising this value will be of great interest to storage asset managers.