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Smart energy: Faraday Grid launches in the US

Faraday Grid is launching in the United States, saying it offers “the ultimate smart grid”.

 

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Edinburgh-based Faraday Grid is launching its first US operations in Washington.

 

The company says it is offering an “energy system of the future”, which will provide broader access to affordable, reliable and clean energy.

 

The Faraday Grid is a system architecture that delivers power “from anywhere to anyone across the grid”. It provides a common platform which enables a wide variety of technologies and solutions to connect and transact.

 

The Grid is made up of Faraday Exchangers – patented ‘plug and play’ devices that dynamically balance power flowing across the energy system.

 

The Grid is made up of Faraday Exchangers – patented ‘plug and play’ devices that dynamically balance power flowing across the energy system.

 

When installed across the grid, Faraday Exchangers enable the grid to act as a platform for smart cities, electric vehicles and domestic prosumers.

 

“A Faraday Grid gradually transforms a traditional electricity network to deliver a more resilient system and lower energy costs,” according to the company’s website.

 

It adds: “Unlike complicated and costly attempts to adjust generation and consumption in real time, a network of Exchangers rebalances power flows from within the grid itself.”

 

Transforming the grid

 

Andrew Scobie, Founder & CEO of Faraday Grid, commented: “Electricity is the primary creator of prosperity. Faraday Grid will transform the grid and create a permissionless and decentralised platform, which will unleash the innovation and creativity needed to ensure the electricity grid meets the needs of US energy consumers in the future.

 

“More than 100 cities, counties and states in the US have set 100 per cent renewables or net zero carbon emissions targets and we offer a pathway to achieve decarbonisation, while also reducing energy costs and enabling innovation.”

 

"We offer a pathway to achieve decarbonisation, while also reducing energy costs and enabling innovation."

 

In January, Faraday Grid received over $30 million in strategic investment from Adam Neumann, Co-Founder and CEO of WeWork. Last year Faraday Grid’s technology was validated by Power Networks Demonstration Centre (PNDC), a grid test facility and demonstration centre based at the University of Strathclyde.

 

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