At a workshop sharing progress on the BankEnergi project, speakers – including Simon Hughes, Chancellor of London South Bank University – outlined how local energy systems can improve air quality, lower bills for organisations in the area, and help foster community engagement.

On 5 June 2019, World Environment Day (WED) has Air Pollution as its theme. Through its work on heat pumps and EVs, the BankEnergi team are working to improve air quality on London’s South Bank.

BankEnergi has been singled out as one of the projects to watch that are funded by the Government’s Prospering from the Energy Revolution (PFER) initiative by New Power, a leading trade publication.

In its report published today, the Committee for Climate Change wants the UK to adopt a policy of zero emissions by 2050. To achieve this result it will need innovative projects such as BankEnergi.

The BankEnergi project has been identified by UKRI, the new UK Research & Innovation body, as “going beyond renewable technology” to design a virtual power plant that will deliver necessary carbon reductions.

BankEnergi has a vision that businesses and residents on the South Bank will be able to achieve bankable energy and carbon savings through a combination of demand management, energy storage, renewables and peer to peer trading. So where does Energy Storage fit in the merit order?

BankEnergi are delighted to be speaking at the Energyst Event being held on 1 May 2019 at the National Motorcycle Museum, Birmingham.

ULEZ sign at the Elephant

The entire area covered by the the BankEnergi project lies inside the new Ultra Low Emission Zone.  So it’s not surprising that BankEnergi can help you with strategic actions that will reduce the effects of the ULEZ, both now and after its intended expansion in 2021. 

BankEnergi’s mission is to allow everyone to obtain the cheapest greenest energy available at any given time.  But this will only happen if energy users are able to buy their supply from multiple suppliers, something that’s not currently permitted. To help bring this about, the BankEnergi team attended Elexon’s P379 meeting on supplier volume allocation when settling supplier volumes in a multi-supplier scenario – such as a primary supplier and a secondary supplier which could be a local energy company.

The BankEnergi project will be working with its local Distribution Network Operator to ensure that it strengthens the local distribution system, and does not create additional stresses as the area moves to a lower carbon future. We’ve a video from WPD that shows how DNO roles are changing.