Homeowners to sell back excess electricity thanks to energy start-up

Homeowners to sell back excess electricity thanks to energy start-up

Homeowners to sell back excess electricity thanks to energy start-up

/ Technology & Smart Cities / Monday, 21 January 2019 06:14

Homeowners will be turning their homes into personal power stations and cutting electricity bills by up to 80 per cent, thanks to a Virgin Startup-backed renewable energy company Resilience.

The start-up aims to be a major player in building a greener and more sustainable future, and provide energy self-sufficiency to people across the UK, enabling customers to sell excess electricity and battery capacity to the National Grid.

Resilience Energy is to provide customers the hardware, software and contracts they need to produce, store and sell renewable energy which homeowners can monitor via an app. The system’s algorithm has been designed to maximise homeowner savings and revenue.

Resilience also wants to support the influx of electric vehicles and claims to have future-proofed its system to allow for emerging technology integration. Resilience founder and CEO, Loic Hares, says Reslience aims to be the largest decentralized renewable energy generator.

“We’ll give homeowners everything they need to generate and store energy, use what they need on-demand, and sell the excess on the spot market, or to the National Grid to help it balance energy supplies.

“We’ll also be able to monitor each system in real-time to spot faults ahead of customers, and the system has been future-proofed to ensure compatibility with EV chargers and other technology.”

The National Grid last year warned that a huge roll-out of electric vehicles (EVs) could spark a 25 per cent increase in peak electricity demand by 2050, with EV ownership predicted to rise to 36 million by 2040. With customers able to sell excess electricity on the spot market and excess battery capacity to the National Grid, it will help balance the grid’s energy supplies and the UK reach its challenging carbon reduction target.

 Resilience plans to support the influx of electric vehicles and has “future-proofed” its system to allow for the integration of emerging technology, such as heat pumps, EV chargers and electric panel heaters.
  
The Resilience system will cost between £7,750 and £13,500, have an eight-year payback and claims to return in the region of £6,000 over the system’s lifetime. Hares is seeking to sell his system through housing providers and constructors, energy suppliers, and EV and charge point manufacturers.

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