A consortium of companies from the energy, flexibility, technology and engineering worlds has been formed in a bid to bring a flexibility trading platform to market.
Almost £30 million has been awarded to over 20 vehicle to grid (V2G) projects, uniting vehicle manufacturers, aggregators, infrastructure operators, energy suppliers and academia across the UK in the first major investment in the technology from government.
Open Utility’s Piclo trading platform is to be used by distribution network operator (DNO) UK Power Networks (UKPN) to develop and trial an online marketplace for local flexibility.
UK Power Networks recently unveiled details of its upcoming flexibility services tender, the first of its kind in the UK to be launched on a regional level. Sotiris Georgiopoulos, head of smart grid development at UKPN, explains what has prompted the tender and how it will work for participants.