Realgrid Europe will use proprietary algorithms and patented technology to design, develop and operate advanced regional smart grid networks
Three European energy companies have partnered to form Regalgrid Europe to develop global smart grids with superior capabilities.
The joint venture between Regal Grid, Archeide-Empower and Upsolar aims to give communities greater control over local energy generation, storage and consumption. And will capitalise on their individual strengths which are: technology expertise; financial support; installation and service knowledge respectively.
Realgrid Europe will use proprietary algorithms and patented technology to design, develop and operate advanced regional smart grid networks. Each user integrated into a Regalgrid (Renewable Energy Generated and Accumulated in Local Grid) network will be able to generate, store and consume energy locally as well as share resources with others, the consortium claims. The networks can be deployed in residential, commercial and industrial settings.
“By modernising the grid services offered to end-users, Regalgrid Europe is reducing both the cost and the waste of energy to simultaneously achieve economic and environmental benefits for all,” said Davide Spotti, developer, founder and chairman of the board for Regalgrid Europe.
Regalgrid said the chief benefits of its networks will be: more efficient use of renewable energy; shorter transmission distances; distributed energy storage resources which are ‘better sized’ to meet the varying needs of local networks; and lower monthly energy bills.