A smart energy system fit for the 21st Century needs to radically rethink the place that energy holds in the world and in our lives. Tomorrow’s energy system needs to minimise wastage, optimise efficiency, utilise storage to flatten peak demand, deal effectively with decentralised production through renewables, respond to user demand for real-time household data, engage with the marketplace for smart meters, apps and devices that allow users more convenience and control, focus on affordability, nudge behaviors through smart tariffs, and build resilience to climate change, fluctuating energy markets and other infrastructure stresses.
Some of the key questions that will be explored across the Venturefest programme include:
- How can we make sure that a decentralised energy grid is resilient to future shocks and stresses?
- If scale is needed for effective production, storage and offsetting peak demand, is this only for large corporates or will a distributed methodology be effective?
- What is the appropriate regulatory environment?
- Will smart energy grids lead to the end of fuel poverty or increase it?
- In the ‘Internet of Energy’ who will win the battle to be ‘Google’?