Smart Energy Systems with an exciting battery project

- The goal is to reduce people's electricity expenses

Energy Bank can help reduce private households' electricity bills by at least 20 per cent. That is the goal of the AI Battery Optimizer project that Alexander Finn (tv) and Fred Martin Langøy at Smart Energy Systems are working on together with Smart Innovation Norway. - Our battery solution is a solution for efficient storage of electricity, and storing electricity contributes to reduced grid rent and lower electricity bills, says Langøy. PHOTO: Smart Energy Systems
20 percent lower electricity bill. Fred Martin Langøy of Smart Energy Systems believes that it is possible to achieve this with their battery solution Energy Bank. They will develop the technology together with Smart Innovation Norway.

Solar panel on the roof and battery in the shed. These two elements are all that is needed to turn private households into small independent power plants that produce and store their own electricity.

The Fredrikstad company Smart Energy Systems will work until October next year to develop technology that makes it profitable for the private market to install the solution.

- Our aim is for people to reduce their electricity bill by at least 20 per cent through our battery Energy Bank, says general manager Fred Martin Langøy.

Regionale forskningsfond Viken (RFF Viken) has approved the entire application of NOK 3.13 million, and Langøy is pleased that more people have faith in the project and see the usefulness of the technology to be developed.

Several advantages of storing electricity

According to the website solenergi.no , the number of solar panels in Norway has increased enormously in recent years. But one of the challenges is that there are no storage options for excess electricity. Thus, the power that the panel produces, but which is not used, disappears into the local power grid.

- Surplus power from solar panels is usually more profitable to store in batteries than to be delivered to the grid. Our battery solution is a solution for efficient storage of electricity, and storing electricity contributes to reduced grid rent and lower electricity bills, says Langøy.

FACTS ABOUT AI BATTERY OPTIMIZER

Project Name: AI Battery Otimizer

Purpose of the project: Develop AI technology to make optimal use of the battery Energy Bank and commercialize the battery technology

Project participants: Smart Energy Systems and Smart Innovation Norway

Project support: 2 million

Project period: 2 years

In the Energy Bank, you can store self-produced excess electricity as well as electricity that you buy from the grid when prices are low. This electricity can be used when electricity prices are high or to avoid high network rent.

- You can set the battery so that it takes over the power supply when the consumption crosses a certain power limit. That way, each individual household can control their electricity expenses in a better way, explains Langøy.

By power is meant the amount of electricity that is used at the same time. The electricity rent is calculated based on how much electricity the household uses, and the introduction of power tariffs will make customers use electricity in a smarter way for better utilization of the electricity grid. An even consumption throughout the day is more profitable than using a lot of electricity at the same time.

Environmentally friendly and cost-saving

Society is facing extensive electrification, and Langøy sees Energy Bank as part of the solution. The more households that can provide part or all of their own electricity consumption, the less the need for development of the local electricity grid.

A feature of social development that causes a large part of the need for electricity is the proportion of electric cars on Norwegian roads. Figures from Statistics Norway show that in 2021, two out of three new passenger cars in Norway were electric cars. Charging an electric car is one of the things that require the most electricity in Norwegian households, and Langøy believes that it will mean big savings for the grid companies if more private individuals adopt battery technology.

- If, for example, "everyone" in a residential area has an electric car, this leads to an increased demand for electricity and, in most cases, a requirement for more and larger cables into the houses. With Energy Bank, the need for the development of a local power grid is reduced, he says.

Langøy also highlights the environmental perspective of utilizing modern battery technology. The CO2 footprint is smaller when there is no need to expand the electricity grid.

- Together with Smart Innovation Norway, we have been working on developing AI-based technology for a few months already, and we are looking forward to the continuation. By commercializing the Energy Bank through this EU project, we save private individuals and grid companies costs and the environment from CO2 emissions, summarizes Fred Martin Langøy.

CONTACT PERSON
SMART INNOVATION NORWAY
:
Stig Ødegaard Ottesen

Stig Ødegaard Ottesen
Head of Energy Systems

Telephone: +47 909 73 124

Email: stig.ottesen@smart
innovationnorway.com