Intellihub Secures $9.75 Million Funding for Australia’s Largest Flexible Demand Initiative

Government-Funded Demand Flexibility Platform

Australia’s Renewable Energy Agency (ARENA) allocates $9.75 million to Intellihub for a Demand Flexibility Platform targeting 510 MW of aggregated load, involving over 140,000 customer devices.

Project Scope and Objectives

Intellihub’s $22 million project initially focuses on integrating residential hot water systems and solar PV, expanding to include batteries, EV chargers, and pool pumps within two years.

Shaping a Smarter Energy Grid

With an interface between electricity retailers and customer-owned devices, Intellihub’s platform enables electricity retailers to manage customer energy resources, potentially reducing household energy costs and enhancing grid efficiency.

ARENA CEO Darren Miller emphasizes the project’s potential to revolutionize the monitoring and control of Customer Energy Resources (CER), unlocking benefits for consumers, networks, and retailers.

Transforming Customer Energy Resources

Intellihub’s CEO, Wes Ballantine, outlines the strategy to treat CER as a flexible energy resource, comparing it to a large battery system, absorbing excess solar energy during the day and reducing consumption during peak periods.

Flexible demand, an essential aspect of the project, aligns with Australia’s increasing reliance on renewable energy, offering solutions to match supply and demand effectively.

The initiative addresses challenges in aggregating and controlling diverse energy resources, presenting an opportunity to create a more intelligent energy grid with widespread customer benefits.

Source:miragenews.com

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