How Your Smart Home Could Generate, Store and Sell Energy

on June 26, 2018

BBCAs we move towards renewables in our efforts to decarbonise our economies, energy storage is becoming increasingly important. Could householders become an integral part of national electricity networks?

When Adam Courtney decided he wanted to reduce the energy bills at his “not particularly energy efficient” Grade II listed house in Godmanchester, England, solar panels were the obvious answer.

But, he says, he soon realised that the savings weren’t as great as he’d hoped. Renewable sources of energy don’t necessarily deliver at the right time and cloudy days saw his family drawing heavily on the national grid.

Meanwhile, he had spare capacity on sunny days, but got very little in return.

“We’d ended up feeding back into the grid, but the payment is tiny, so I ended up thinking ‘why do that?’,” he says.

Instead, the data centre owner decided that he himself could make better use of the electricity he was generating, if only he were able to store it for when it was needed.

He started researching battery storage – even at one point considering building his own system – before opting for a Tesla Powerwall that can store the excess energy generated by the solar panels.

The unit and supporting hardware costs just under £6,000, with installation costs of up to £3,000 on top. But it enables him to buy energy at cheaper times, lowering the running costs of both his home and the family’s two electric cars.

“With Economy 7 there’s cheaper electricity at night and the Powerwall knows it’s going to be sunny tomorrow so it knows how much power to buy,” he explains.

“My bill was £140 a month, but I spend £25 a month now on electricity, and most of that goes on the cars.”

More energy storage providers – such as Ovo Energy, Powervault and Moixa are entering the market – particularly as electric vehicles (EVs) promise to become a useful addition to the domestic energy mix. BMW i3 batteries are already being used to store windfarm energy in Wales, so it makes sense to integrate such car battery tech into homes.

Click Here to Read Full Article

Share this post:
Fractal Energy Storage ConsultantsHow Your Smart Home Could Generate, Store and Sell Energy