The Energy Innovation Summit: One Year On – Part Two

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The Energy Innovation Summit: One Year On - Part Two

Following on from part one of the Energy Innovation Summit, we have further insights from Jon Bumstead, Founder & Chairman Neutral Supply Chain and Ricky Higgins, Business Development Manager at Powerstar.

Changing Markets

The energy market is under constant pressure to innovate and adapt to new customer habit, with this, segments of the energy industry need to be agile and keep up with this ever-changing environment.

The hardest to change will be the transport sector, which is the largest carbon-producing sector in the UK. Significant green changes in transport will be dependent on 2 main elements:  

(1) A complete step-change in mentality and practices all the way down to the individual consumer and their choice of vehicle (I.e. the transition to electric vehicles). 

(2) Significant investment into solutions to aid the transition regarding the country’s EV charging infrastructure, which currently wouldn’t be able to support the mass adoption of EVs.  

We believe that going forward we will see microgrids booming especially when considering the rise in electric vehicles that will need a consistent supply of energy. Microgrids are able to scale better with their growth in popularity and reduce pressure on the National Grid.

Energy Management Challenges

As companies work towards net-zero targets, there is a growing demand for greater energy management and visibility. Technology is part of the solution to some of the current problems.

Higgins suggests that the biggest energy management challenge is to reduce our reliance on the existing grid infrastructure and move towards microgrids. With deployment of intelligent technologies being pivotal in overcoming this challenge. Localised energy generation and storage, supported by smart energy management software, is the future of delivering low-cost energy and helping companies achieve carbon neutrality.   

We believe that battery storage units are one of the most widely used versions of a microgrid. They enable users to store energy from both the grid and alternative energy sources. These energy storage systems provide sustainable energy cost savings by taking buildings off-grid. Alongside this, owners have greater control over their energy consumption, especially when paired with renewable energy generation. Our solution allows users to have better control of their energy supply by monitoring renewable generation in real-time and going off-grid automatically in order to achieve a consistent supply of energy.

Bumstead adds the fastest-growing job in the US is a solar panel installer, growth anticipated in-car chargers is enormous, and the likes of Enphase and Solar Edge have experience massive increases in their share price. He points out that the challenge is these solutions are not tackling the problem in an integrated fashion and don’t make it easy, understandable and affordable for the customers. This has got to change, and they are launching “Neutral Home” this year as an industry aggregator and integrator to provide the missing link of a central controlling intelligence to connect and optimize these technologies. After a pilot test, home energy costs were 80% less than before. 

To round off we have seen rapid changes like never before due to the pandemic, especially in where and how people work, therefore outlining to us the great impacts global disasters can have on every person. When considering objectives such as moving towards a greener economy and becoming carbon neutral by 2050, our solutions can help companies improve efficiency, maximise yield and reduce waste.

If you would like to understand how your business can get ahead of the curve and reduce your carbon footprint, get in touch with our team. 

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Mike Jeffs
Mike Jeffs

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