We aim to supply cost-efficient energy, support ancillary services and facilitate the proliferation of all kinds of renewable energy through research and develop cutting-edge Virtual Power Plant technology.
The Australian is on track to reach the target of 26% renewable energy by 2030. According to the analysis from ANU, there is a potential to reach 100% in the near future. In order for this to happen, current system security and voltage regulation concerns need to be eliminated. We believe that IoT and AI-based virtual power plants solution can play a vital role in achieving our final goal.
We have developed cutting-edge VPP technology that will maximise DER. We will implementing the world’s most comprehensive and advanced VPP system by integrate AI and IoT technology in current VPP system, and achieve optimal energy dispatch at a local level, which will reduce the probability of a solar panel tripping, maximising the return of investment. At the grid level, our VPP technology will allow power from distributed households to be controllable by the grid operator, which increases grid capability, enhances reliability, decreases the operating and maintenance costs and reduces the chance of blackouts.
The successful application will make the lead applicant—and Australia—world leaders in the VPP industry and will boost the solar industry in Australia.
Future X Power
We will launch a research collaboration between Everreach Power Tech(EPT), CSIRO, FutureX, Sunport, Bayview and BYD, which forms a supply chain of VPP components including electricity retailer, battery, solar cell and inverter with an aim to investigate emerging IoT and AI technologies and improve the operating efficiency of virtual power plants. Accordingly, we will develop hardware systems, software platforms, forecasting and optimisation algorithms that take the practical requirements into consideration. Then, with help of industry partners, EPT will implement the whole virtual power plant system in practice after the necessary trials and it will demonstrate the world’s first fully functional virtual power plant that can not only shave peak load but also support ancillary services for the utility grid.