Fluctuations in energy generation from renewable technologies and energy demand patterns causes energy storage systems to reach maximum capacity and not be able to supply enough energy for evening demand. This results in consumers having to rely on energy supply from conventional sources. This in turn means a slower return of investment for decentralised renewable energy producers as they need to still pay energy utility bills in high-demand hours. The energy market remains unclear with most energy consumers not getting enough and clear information on their energy consumption and generation rates.
gridBox is a smart energy management system that monitors energy generation and consumption rates and produces analytics to optimise energy transfers between generators, energy storage systems and the grid. It can inform the user of actionable tasks that can be performed to reduce energy consumption by up to 30% and improve energy efficiency through the analytics algorithms. It creates increased revenues for decentralised renewable energy producers and battery storage system owners by selling excess energy back to the grid. gridBox will increase the mix of renewable energy on the grid supplying all consumers with clean energy.