The BankEnergi concept can be applied wherever there are clusters of assets suitable for local energy trading. As a recipient of support from the Government’s Prospering from the Energy Revolution (PfER) fund, BankEnergi is keen that its key technology components are available for use by other projects supported by the fund. In particular, it is working closely with a project based in Islington, looking at smart heat networks, called GreenSCIES (Green Smart Community Integrated Energy System), with two partners active in both projects.
GreenSCIES is a revolutionary low carbon smart energy grid that aims to deliver a solution which can provide low carbon and low cost transport, power and heat to a total of 12,500 homes in the London Borough of Islington.
Cleverly concealed underground, the new smart energy grid – which has currently reached design stage – will provide an answer to the challenge of powering inner cities of the future, revolutionising the way we live now and transforming lives, homes and businesses into sustainable energy districts, while tackling fuel poverty and the negative effects of climate change.
When constructed, GreenSCIES systems will deliver low carbon heat, mobility and power to an estimated 33,000 residents and nearly 70 local businesses in Islington. The new smart energy grid will help to reduce carbon emissions by an estimated 80% compared to conventional systems, while addressing fuel poverty by providing a significant reduction on consumer bills. The system will also deliver air quality improvements by reducing pollutants while improving provision of local skills training and job prospects, helping to invigorate local economies.
