We are delighted to have won the judges’ prize of Utility Week Live 2019 EIC’s Big Energy Pitch for Power Circle our innovative implementation of a Virtual Power Plant (VPP) structured on a social energy service company (esco) basis. The VPP links together generation and storage assets as well as electricity loads which reduces carbon emissions, cuts energy costs and provides income from grid services. Structuring the VPP as a social esco helps build trust which is important in the long term relationships that new energy business models will involve.
Our first Power Circle project has been with Aberdeenshire Council providing a full business case for 500 home smart solar storage demonstration project, the first stage in a 7000 home three year programme. Solar and storage with smart management has allowed installation of Solar PV in grid constrained areas where grid consent had been denied. It is also the first know domestic PV, battery and grid services project of this scale in the UK and first social housing project to include grid services
Decarbonize, Decentralize, Digitalize and Democratise are the four ‘D’s of the new energy world, Power Circle meets all of these.