Increased Global Warming, natural disasters, solar power and battery energy storage advancements are all factors driving a U.S. energy industry transformation. Utilities around the country are employing new DR strategies to meet this challenge and to lead the transition to a carbon-free energy system by 2050. DR contributes to balancing grid energy supply with demand in periods of high renewable energy generation and facilitates the transfer of excess power directly to the power grid or stores the excess in Li-ion battery energy storage systems.
Due to advances in technology, like the HUBe DR platform, people are starting to take a more active role in home energy management – to create savings on their energy bill. DR gives consumers the choice to engage in the electric utility system by selling their excess energy back to their utility provider. Selling back power is usually done with the help of an aggregator or utility. The HUBe DR platform enables homeowners and utilities to contribute to more efficient energy delivery and utilization in a market that is increasingly dominated by renewable energy sources.
HUBe’s V2X (option) uses bidirectional chargers and smart breakers to provide the flexibility to accelerate renewable energy deployment – mitigating the infrastructure cost associated with mass adoption of Electric Vehicles (EVs). With managed charging, EV batteries can be controlled remotely by a utility, in cooperation with the homeowner, and timed to charge according to the needs of the grid, similar to demand response programs. The energy stored in an EV can be drawn from EV batteries (down to a manageable level – usually late at night) and sold to the grid in times of excess demand. Once the energy shortage has been mitigated the EV charging cycle is automatically restarted. The utility will pay the customer more for the power they buy than the customer pays the utility to charge their EV, creating a mutually beneficial sharing of energy – with positive cash flow savings accruing to the customer.