Pitch
Solve the Penetration Paradox that limits developng economies from adopting lower cost renewables in lieu of oil-fired generation.
Description
Summary
Enable the inflexible grids, typical of developing economies, to leapfrog their more sophisticated, well financed cousins of industrial nations, by employing an automated smart platform capable of optimizing grid performance for lowest net system cost in real time.
Creating a liquid market for identification, valuation and contracting for distributed generation and grid-edge services (DR, Storage, EE) can enable renewable energy to displace high cost oil-fired generation with high penetrations of low cost renewable energy.
PROBLEM: Technical & Economic
1) Technical: Intermittency of renewable generation has an amplified negative effect on small, inflexible grids that employ oil-fired generation thus limiting adoption to low penetrations of total energy.
2) Economic: Conventional methods to manage intermitency of renewable energy require the dispatch of additional, high cost, carbon intensive, diesel fired generation, as back-up.
IMPACT of Problems: The net effect of these two intractable problems has been to constrain the adoption of renewable energy for most of the world.
KEY INSIGHTS to enable Change:
a) Both the economic and technical constraints (above) share the common characteristic of resulting in quantifiable impacts to the "net system cost' of a grid.
b) Big data, and sophisticated analytics enable low cost aggregation and processing of temporal and spacial power flow data that enables accurate quantification of the actual system cost impact of any marginal distributed source of generation, efficiency or grid-edge service.
c) Accurate valuation of net system cost impact enables a grid operator to translate long term cost savings into hard currency in the form of expected future savings in fuel-oil expenditures.
d) Future savings of hard currency can be monetized by a bankable intermediary willing to stand-behind long-term contractual agreements to enable the implementation of distributed generation and grid-edge services.
By:
Uber for Energy
