Swedish Energy Agency funds digitisation of grid
With this money, Blixt, a tech disruptor which is revolutionising circuit breakers by turning them into digital smart devices, will have the opportunity to demonstrate the superiority of its equipment by deploying it in residential homes.
Allowing household electricity to be remotely controlled, monitored and automated, Blixt’s solid-state circuit breakers have been dubbed “faster, better, safer, smarter” by the company.
"Digitisation of the electricity grid is an absolute necessity for restructuring the energy system,” said Charlotta Holmquist, Founder and Chairwoman of Blixt.
“We already have confirmed interest from the market for our digital smarter circuit breaker and thanks to the Swedish Energy Agency we can now start the project with pilots and get the products on the market.”
The Swedish Energy Agency (SEA) itself is no stranger to tech innovation: the organisation was created in 1998 with the purpose of leading the country’s energy transition towards a thoroughly modern paradigm.
It is hopeful that Blixt’s technology can be instrumental in creating a truly connected energy supply. This investment is a continuation of the SEA’s commitment to fostering renewable energy, smart grids and cleantech.
"This solution contributes to resource-efficient use of the electricity grid by allowing the flexible use of energy. We see automated control as a key to helping users change or adapt their electricity use in a sustainable way", said Carolina Ahlqvist's research officer, SEA.
The organisation is a champion of energy efficiency systems across the world via its Intelligent Energy Management project.
Developments include CERTH’s AGILE, a machine-learning-based system which can optimise energy use in buildings, and Amzur Technologies’ smart meters, which allow customers to independently select when to use battery-reserve electricity and when to buy grid electricity.
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Hydrostor receives $4m funding for A-CAES facility in Canada
Hydrostor has received $4m funding to develop a 300-500MW Advanced Compressed Air Energy Storage (A-CAES) facility in Canada.
The funding will be used to complete essential engineering and planning, and enable Hydrostor to plan construction.
The project will be modeled on Hydrostor’s commercially operating Goderich storage facility, providing up to 12 hours of energy storage.
Hydrostor’s A-CAES system supports Canada’s green economic transition by designing, building, and operating emissions-free energy storage facilities, and employing people, suppliers, and technologies from the oil and gas sector.
The Honorable Seamus O’Regan, Jr. Minister of Natural Resources, said: “Investing in clean technology will lower emissions and increase our competitiveness. This is how we get to net zero by 2050.”
A-CAES has the potential to lower greenhouse gas emissions by enabling the transition to a cleaner and more flexible electricity grid. Specifically, the low-impact and cost-effective technology will reduce the use of fossil fuels and will provide reliable and bankable energy storage solutions for utilities and regulators, while integrating renewable energy for sustainable growth.
Curtis VanWalleghem, Hydrostor’s Chief Executive Officer, said: “We are grateful for the federal government’s support of our long duration energy storage solution that is critical to enabling the clean energy transition. This made-in-Canada solution, with the support of NRCan and Sustainable Development Technology Canada, is ready to be widely deployed within Canada and globally to lower electricity rates and decarbonize the electricity sector."
The Rosamond A-CAES 500MW Project is under advanced development and targeting a 2024 launch. It is designed to turn California’s growing solar and wind resources into on-demand peak capacity while allowing for closure of fossil fuel generating stations.
Hydrostor closed US$37 million (C$49 million) in growth financing in September 2019.