Match Energy Supply With Demand Load
Excess energy generation is a major economic burden for renewable producers. Around Source: Renewable Energy Foundation2.6 TWh of wind energy was wasted in the UK in 2019 during periods of curtailment — when local demand is low, no easy solution exists to redirect energy to alternative end-users who need it.
Time-shifting energy supply using Batteries, Pumped Hydro, Compressed Air, Hydrogen Generation, Flywheels, Supercapacitors, etcstorage assets is often considered a panacea for the ills of sustainable electricity, but the practicality of installing them carries a huge drawback: the upfront costs of storage increase the effective cost of producing electricity.
With renewable subsidies soon ending in the UK and USA, generators must find ways to improve their financial profile as storage alone is not an economically viable solution. A better answer is to provide a variable demand load to match available supply.
Powerbox improves the financial profile of renewable operators, supporting further investment into the sector, helping decarbonise the grid
Energy is diverted to Powerbox behind the meter without impacting grid fulfilment. This allows for diversification from wholesale energy prices and Power Purchase Agreements, providing an additional revenue stream completely decoupled from the energy market.
In 2020, the global high-performance computing market value was estimated to be Source: Sheer analytics & insights$41.2 bn.