AutoGrid has entered into a partnership with CLP to deploy new energy solutions across Asia-Pacific region.
This partnership will build the foundation for CLP projects across APAC that leverage artificial intelligence (AI) to achieve real-time optimization of energy assets.
CLP will initially deploy the AutoGrid Flex flexibility management platform to build and optimize a microgrid and drive streamlined operations and energy use at the Hong Kong Science and Technology Park, a 54-acre innovation and technology hub.
The success of the project will enable CLP to implement flexible capacity management throughout its global operations, including microgrids, energy storage units, distributed generation and demand-side resources.
CLP operates power generation, transmission, distribution and electricity and gas retail activities in Hong Kong, mainland China, India, Southeast Asia, Taiwan and Australia. AutoGrid has also been working directly with CLP subsidiary Energy Australia, one of the largest deregulated energy retailers in Australia to offer demand-side management programs.
By 2040, 62 percent of global flexibility capacity will be in APAC, developed through the use of renewable energy technologies and energy storage assets. This trend is driving the market growth for energy flexibility solutions, which is projected to be substantial across the region.
By 2030, China’s electricity system is projected to reach nearly 40 percent renewables penetration with 23 GW of batteries. In India, renewable energy sources are projected to account for nearly 80 percent of the capacity mix by 2050.
In Australia, the convergence of renewable energy sources with flexibility technology will represent nearly 10 percent of electricity generation by 2050.1 All of these trends represent significant opportunities for CLP and AutoGrid.
AutoGrid Flex supports CLP’s region-wide vision and will be the catalyst for the multi-national utility to expand its services and product offerings. At the local or distribution system level, AutoGrid Flex will deliver quantifiable operational efficiencies to CLP.
The platform will enable CLP to monitor energy use, optimize the operation of DERs such as solar photovoltaic (PV) panels and energy storage batteries, and manage energy demand and supply.
In the first stage of the pilot project, CLP will use AutoGrid Flex’s machine learning and artificial intelligence capabilities to visualize and forecast building energy load and PV generation, as well as dispatch battery power and shave peak loads in real time.
CLP innovation and ventures Austin Bryan said: “Innovation will play an increasingly critical role for our business as the electricity sector enters an exciting time of technological change.
“This project, along with our investment in AutoGrid, is an important element in our strategy to capture greater opportunities in the rapidly evolving smart energy space.”
AutoGrid CEO Amit Narayan said: “The APAC region will see over $6 trillion of new energy investment in the next two decades – representing about 60 percent of all new energy investments globally during that time.
“The addition of new flexible energy capacity in China alone will be larger than in the U.S. and Europe combined, and India will add more flexible capacity than either the U.S. or Europe.
“The combination of AutoGrid’s proven technology and CLP’s scale and local market knowledge creates a game-changing opportunity for both companies.”
Source: Company Press Release