Earlier this month, inteGRIDy released its second whitepaper “Innovation in the business model for energy services and solutions” which details how a business modelling methodology will help pilot leaders to unlock the value of technological solutions being developed across ten pilot sites.The Isle of Wight inteGridy pilot
inteGRIDy connects energy networks with diverse stakeholders in order to integrate cutting-edge technologies, solutions and mechanisms which facilitates the optimal operation of the grid.
Powerstar is one of inteGRIDy’s consortium of providers involved with its Isle of Wight pilot which aims to enable the community to be self-sufficient in electricity produced from local renewable energy sources. In order to facilitate this, Powerstar is providing its battery-buffered electric vehicle charging technology, known as VIRTUE EV.
A European Union grant was awarded towards the development of the VIRTUE EV solution for use on the Isle of Wight project. It will provide full Uninterruptible Power Supply (UPS) capabilities to the site ensuring it can run independently from the grid when required, alongside supplying fast charging to user. As VIRTUE EV solutions are also grid connected, the solution offers the ability and potential to generate revenue by partaking in grid contracts such as balancing services.
The Isle of Wight project has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 731268.
Learn more about the inteGRIDy project by reading the new whitepaper here: https://www.integridy.eu/content/1-business-model-innovation-energy-services-and-solutions-october-2018