The world is embarking on a revolution in how energy is supplied. Smart local energy systems are set to speed up the energy transition, including players from the lower voltage levels of the system. This provides an opportunity to empower consumers and community organisations to play a vital role in the future power system.
Smart Power Networks has developed an innovative Smart Network Controller that provides advanced system monitoring, real-time control, fault detection .
Energy Systems Catapult is providing incubation support through the Innovator Support Platform including benchmarking of technical standards, financial assessments and preparing for further investment.
The Smart Network Controller (SNC) is an all-in-a-box solution for unlocking a flexible electricity grid whilst ensuring it remains secure.
The SNC supervises, optimises and controls energy assets of any kind in a coordinated manner. This enables advanced system monitoring, real-time control, fault detection and protection of energy assets. It can help lower the carbon footprint of energy systems, increase revenue for network operators and allow asset owners (businesses, homes, etc.) to sell their own renewable energy to the grid or others in the market.
The Challenge and Opportunity
With smarter, more integrated local energy systems, the UK has an opportunity to deliver energy services that are cheaper, flexible and more resilient to climate change – in other words, energy services that consumers want.
Relevant analysis indicates that this industry will be worth billions of pounds by 2030 in the UK, providing tens of thousands of jobs associated with its supply chain.
The SNC stands at a mature level of development with only a few steps needed until commercialisation is possible. As this crucial phase approaches, Smart Power Networks is keen to incubate itself into an investable business and gather constructive feedback on its product.
Energy Systems Catapult is home to the Innovator Support Platform (ISP), which provides carefully selected innovators with tailored business incubation and acceleration support to help address barriers to growth, de-risk innovation, scale-up the business and secure investment.
Tailored support for selected SMEs utilising Catapult assets and capabilities, and delivery partner offerings, such as Business Sprint’ workshops, Business Model Development, Energy System Integration assessment, Consumer Insights, Concept testing and validation, Identification of candidates for Acceleration support.
The Catapult and its partners will deliver:
- Assistance for benchmarking the Smart Network Controller with respect to communication speeds, efficient data flow architectures, data exchanges, data storage requirements, etc.
- Help with determining/finalising pricing strategy and financial modes
- Networking opportunities with Venture Capital.