In this exclusive report, Michael Phelan, CEO and co-founder of GridBeyond, talks about the importance of energy resilience behind the meter, what resilience looks like to I&C energy consumers, and how storage, predictive maintenance and on-site assets play their parts.
“It’s easy to take the reliability of our electricity supply for granted. We flick a switch and the lights turn on. But dependability requires an orchestrated collaboration of management. In fact, to ensure our electricity system stays up and running, National Grid already spends over £1bn a year on balancing services, and has forecast that investment could reach £2bn within five years. As renewables make greater contributions to our energy mix, balancing the grid is more challenging than ever.”
“To ensure our electricity system stays up and running, National Grid already spends over £1bn a year on balancing services, and has forecast that investment could reach £2bn within five years.”
“Despite the resiliency measures that National Grid puts in place, power cuts can and do happen for all kinds of reasons. Increasingly, businesses are interested in taking resilience into their own hands by understanding the likely modes of power failure and what they have to do to improve resilience for their own sites. As well as resilience against grid power failures, industrial and commercial businesses are interested in predicting equipment failure so that they can take action before a key process fails.”
Download the full 5 page report here.