Open Energi has launched its new Dynamic Demand 2.0 platform, capable of helping businesses shift demand by connecting an increased array of on-site equipment.
The updated version of its Dynamic Demand platform can connect industrial equipment, battery storage, on-site generation and electric vehicles before aggregating their energy capacities.
This allows businesses to effectively ‘stack’ their demand flexibility and offer services such as balancing, energy trading, capacity market participation and peak price management to both save on energy costs and generate external revenue.
Dynamic Demand 2.0 utilises artificial intelligence (AI) and machine learning to manage such assets at an individual and portfolio level. Management decisions can be taken in real-time, with Open Energi describing its new capabilities as a “significant step towards a self-balancing grid”.
David Hill, commercial director at Open Energi, commented that the platform’s design was made to give consumers greater control over their demand.
“It is now possible to measure and monitor machine behaviour at such a granular level that we can identify invisible flexibility in the way we consume power.
“Many industrial processes - such as pumping, heating and cooling - have inherent energy storage, and when you combine these with on-site generation, battery storage and EV charging it is possible to take sites off-grid for periods of the day with no impact on business operations,” he said.
He also discussed how platforms like Dynamic Demand 2.0 put “within reach” energy markets where 100% of the power is generated by renewable sources.
Aggregate Industries is to be the first commercial customer to benefit from the new platform. Working with Open Energi and its supplier Ørsted – formerly DONG Energy – it will stack revenue streams from different demand side response services in real-time.
Donna Hunt, head of sustainability at Aggregate Industries, added: “Dynamic Demand 2.0 offers us greater control and visibility of our energy demand, helping us to save energy, cut costs and play a more active role in creating a sustainable energy future. The more businesses and industries that collectively manage their demand in this way, the more impactful we can be.”