An update on Virtue based activity – July 2016…
Virtue is an energy storage system which allows for greater control and flexibility of electricity usage, enabling energy stored during periods of low demand to be utilised when required. It is the latest award-winning solution from leading energy storage and voltage optimisation brand Powerstar.
Virtue is an integrated energy management and microgrid solution with smart grid control, it is forming an integral part in the future development of Smart Cities, enabling energy generated from sources such as wind, solar and fuel to be stored locally and ultimately more efficiently.
Non-commodity ‘fixed’ energy costs have increased by around 40% in recent years and represent a significant portion of an organisations total electricity bill.
In particular DUos charges and Triad tariffs are fixed costs that are applied to electricity bills, regardless of how much energy is consumed and can equate to up to a third of total annual electricity costs.
These charges are set by the operators of the regional distribution network and National Grid, and they vary depending on location, taking into account the cost of transporting electricity and maintaining an aging network. Reports from National Grid predict that these fixed charges are set to increase by a further 40% in the next 5 years.
Stored electricity can be used to avoid these non-commodity charges where possible, thus mitigating ‘fixed costs’. The National Grid also offer incentives to companies who are able to help them compensate for unpredictable changes in the supply, and to come off grid at peak times in order to stabilise demand.
To help you understand the incentive schemes and what they mean, download the Powerstar Grid Incentive document.
Virtue team expanding
Powerstar are pleased to introduce the newest member of the Virtue team, Richard King. Richard is our Virtue Business Development Manager covering the north of England and Scotland.
A VIRTUOUS occurrence
We are hosting dedicated Virtue events for our energy storage innovation, including:
A Virtue System Build Demonstration – You are invited to come to the Powerstar Head Office and learn all about the H2020 project, as well as having the opportunity to have a tour of a bespoke Virtue system being constructed live on site.
Due to the nature of this event numbers are limited so be sure to book in advance.
A Virtue Web Seminar – Presented by Powerstar’s MD and inventor of Virtue, Dr Alex Mardapittas this online web seminar will give you a background to the Virtue system including why it was invented and the benefits of Virtue into the ‘Internet of Energy’.
And much more…
Throughout August we will also be posting exclusive interviews, blogs and pictures live from site covering a variety of aspects of the build, allowing you to follow the project from concept to completion.
In addition a time lapse video will be capturing all the action from build to transport and installation at its final destination – and this will be available to all Virtue event attendees as soon as it is released later in the year.
You can keep up to date with all our Virtue activity across social media, through our blogs and through our mailings.