If your business is already involved in Demand Side Response schemes, you may believe you’ve exhausted all the options available to you. Alternatively, you may have decided not to take part because you believe your business or asset constraints create too many obstacles or that ROI would be low, rendering participation inviable. Either way, it might be time to look beyond these pre-conceptions and explore the revenue creating options available to you through Limejump’s unique Virtual Power Plant technology.
Unparalleled access to market opportunities
The Limejump Virtual Power Plant (VPP) uses big data and cloud technology to enable generators, energy storage and businesses to access to the same market opportunities as large power stations. Not only that, but the Limejump VPP unlocks the door to the highest earning opportunities of DSR, even for individual assets without the ability to provide sub-second response. Our portfolio approach allows us to optimise the revenue available to a broad mix of assets with different generation or response capabilities. So, if you are currently only accessing lower value Static Frequency Response revenues, or your volume doesn’t meet the minimum requirements of a traditional response scheme, adding your assets to our Virtual Power Plant could be the key to expanding your opportunity and optimising your revenue.
Here’s how it works…
Limejump’s Virtual Power Plant is a powerful combination of specially designed hardware and completely unique software that’s capable of handling 155GB of data each day, around 50 times more than the typical energy supplier. It combines and controls the capacity available across a portfolio comprising wind, solar, biogas and batteries alongside the flexibility available from industrial and commercial assets such as compressors, CHP and HVAC systems. Using sophisticated algorithms and real-time data fed in from both the asset portfolio and the energy marketplace, the VPP manages all aspects of energy trading and risk management to optimise the response to grid and, therefore, the revenue available to participants.
Together, we’re dynamic
Our energy infrastructure is evolving. With the UK’s sustainability agenda and zero-carbon goals as the central focus, we’re moving steadily away from a linear supplier-to-consumer model. The future will see us all as active participants on a decentralised energy grid. The nation’s decreased reliance on fossil fuel and increased dependence on infinite but intermittent renewable energy sources, means that businesses have a vital role to play in keeping the grid balanced and our system cost-effective for everyone. The key to this is flexibility; an ability to respond quickly and dynamically to correct any imbalance.
Thus, Frequency Response becomes both a vital service for our grid and a potential new revenue stream for your business. An event on the grid requires an almost-instant response – a role traditionally fulfilled by fossil fuel plants. Through Frequency Response, businesses are stepping forward to fill this gap, with the rewards for doing so increasing broadly in line with the speed of that response: participation in Enhanced Frequency Response schemes provides much higher earning potential than those in Static (or slower) Frequency Response.
Our Virtual Power Plant allows us to combine the capabilities of assets which can provide a sub-second response with those that respond slightly more slowly but can hold their response for longer. Going far beyond what a typical aggregator can offer, our combined portfolio means that more businesses are able to meet DFR requirements and therefore benefit from the higher rewards on offer.
Your on-site considerations
Joining our Virtual Power Plant causes no disruption to your daily processes and no damage to your assets, also leaving them firmly in your control should you need to override the automatic responses for any reason at all. By installing one of our carefully developed smart boxes we can remotely enable assets to respond to data signals within the parameters dictated by you. The smart box will operate within temperature and availability limits as required and will link up to the VPP, where data from the weather, Grid frequency, wholesale prices, and system supply and demand are monitored in real time; generating over 85,000 automated reactions a day. You’ll have complete oversight of every Grid event, your response performance and the rewards you can expect, all via our online portal.
The Limejump Virtual Power Plant offers your business a simple, low cost, risk-free way to access untapped revenue streams whilst providing a greener, more sustainable approach to energy. Sound interesting? Why not get in touch today to find out more…