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IoT Enables Renewable Power Management for Irish Energy Company
Solo Energy is deploying a network of batteries for energy storage and distribution based on power generation and price changes, using IoT technology provided by Asavie.
The IoT system, Breathnach says—which can utilize a cellular connection or other wireless transmission—offers highly secure, real-time and historic data. For instance, he notes, Solo Energy can provide its customers with data indicating how the system is operating and the power being used, and can pair that information with other factors, such as weather, the time of day or the day of the week.
By the end of 2018, Breathnach reports, Solo Energy intends to have 200 energy storage units deployed across the United Kingdom and Ireland. Through partnerships with retail electricity suppliers, the firm expects its customers to include small business customers as well as domestic energy providers.
Solo Energy's network of batteries, in the long run, is intended to provide services to the Irish or U.K.-based national grid that would otherwise have required the use of traditional power plants, the company reports. In December 2017, for instance, Solo Energy teamed with Electric Ireland and ESB Networks to provide battery stored power to 20 homes in the town of Dingle, in Ireland's Kerry County. Residents who generated electricity from renewable sources could store the excess energy in the Solo-managed battery, and then use that energy when needed. With the software platform, Solo Energy is able to manage the battery charging and thereby increase the system's productivity.
Asavie operates a software-as-a-service (SaaS) business model and does not supply hardware, however the company can make recommendations and connect their customer to one of Asavie's eco-system partners. In the majority of use cases Asavie's customers usually come with the sensors, "their problem is getting the last mile and cloud connectivity in place. As a value-added service, this is the point at which Asavie provides assistance and expertise," says Lambe.
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