The growth in sustainable energy leads to fluctuations in the market. Heavy industries and the consumer market are currently receiving more and more resources to regulate and reschedule their energy use. However, small and medium size enterprises (SMEs), the middle segment of the market which encompasses 45% of electricity use in the Netherlands, are caught between a rock and a hard place. The subsidized project SmartCoVa fills that void.
Fluctuations in the market
Electricity plants that operate on fossil fuel are able to adjust their production to demand. Sustainable electricity from solar or wind is more difficult to manage. As a result, greater price fluctuations will emerge depending on dynamic factors such as the weather.
Flexibility in energy use will become more valuable. Every energy consumer can anticipate this by conserving energy, rescheduling its use or saving it for later use. SmartCoVa is the solution that combines this with commercial real estate and offers the consumer savings through flexibility.
SmartCoVa takes over and unites
Most SMEs pay a fixed price for their energy use. Day-to-day trading in energy on the APX stock exchange is just too complex for them. SmartCoVa takes care of both organizing it and the technology to achieve it. A connection is made between building installations and the energy network so that they can respond to signals from the APX. We produce algorithms that predict and regulate energy use. Business owners, through energy service companies, or ESCos, are able to trade on the APX. By providing this service to such a large group of consumers, SmartCoVa also provides them with greater say in the market.
SmartCoVa helps companies reschedule their energy use to a timeframe that is economically more advantageous. When there is a surplus in the energy supply, you can buy at a lower price and turn up the air conditioning or heating, or recharge all your electrical cars to full. During times when energy is scarce and electricity is expensive, as many electrical appliances as possible can be turned off.
How much is a rescheduled kWh worth?
How do you spread expenditure and revenue? How do you finance initial investments to develop something like a standard connection for building installations? In our search for answers, Technolution has established its own building as a testing site. We are currently building an interface to connect our building to the APX stock exchange. We innovate by doing it. This is how we discover obstacles we could encounter both technically and organizationally during development, and how much is saved in the end.
SMARTCOVA is cooperation of six players in both utilities and real estate: Technolution, grid operator Alliander, utilities company Delta, EXE, TNO and installation company Van Dorp Energie.