Bank Energi 3 takes over from earlier project phases

The BankEnergi consortium have been awarded UK Research and Innovation grant funding by the government’s ‘’Prospering from the Energy Revolution’’ (PFER) fund to develop an end-to-end energy and flexibility trading specification. This will assist the transition to a low carbon economy by enabling smart local decentralised energy trading systems.

The BankEnergi concept can be applied wherever there are clusters of assets suitable for local energy trading.  As well as its base on London’s South Bank, it is working closely with a project based in Islington looking at smart heat networks, called GreenSCIES (Green Smart Community Integrated Energy System).