The ChargeSync Household Smart Box - an intelligent energy storage system

Completed

Other Power and Storage Technologies(Energy storage)

Applied Research and Development

ENGINEERING AND TECHNOLOGY (Electrical and Electronic Engineering)

Not Cross-cutting
Sociological economical and environmental impact of energy (Technology acceptance)

Project Contact
ChargeSync Limited

Smart - Development of Prototype

Innovate UK

01 May 2015

31 May 2016

13 months

£152,003

London

Competition Call: 1409_SmartRd4_DoP - Not Available. Activity Development of Prototype Rnd 4

Project Contact, ChargeSync Limited

Energy storage and the ability to balance supply and demand at any given time is central to the successful evolution of a low carbon electricity system to allow for grid flexibility and stability and to cope with a variability of supply from intermittent renewable generation. Community and Residential Energy Storage (CRES), although an emerging segment within energy storage systems has the potential to deliver significant benefits including the smoothing of peaks in electricity demand and voltage support with a global market for systems in this space predicted to grow from $19.2 million in 2012 to more than $872 million in 2022. To date the majority of CRES technologies have centered on Local Generation notably solar with commercial uptake limited principally by product cost & technical viability with some of the challenges recognized as efficiency, response rates and thermal management. To address the need for improved management of demand at a domestic level, ChargeSync seek to develop a cost effective, intelligent energy storage system with demand management capability that will overcome the main barriers associated with other forms of CRES. Aimed specifically at the domestic market, the proposed ChargeSync smart box will predict, coordinate and optimise mains energy use within homes, deploying stored energy when required and reducing peak loads and offering a plug-and-play solution for existing AC circuits. The system will also have the ability to coordinate many storage devices together, optimising domestic energy use on the grid. Representing a key step change in energy intelligence and storage, the project has the ability to deliver savings, of up to 175 per household per annum (1/3 off the cost of the average electricity bill), improving resilience at a domestic level for short periods as well as providing improved demand flexibility.

04/12/15