OptiSpark

Last week I was given the opportunity to speak at Generation4Change. We discussed the importance of sustainability and how new technologies are key to carrying us forward. It was great to meet young professionals from across the country all with the same agenda, a sustainable future. A big thank you to Lydia McGuinness for organising it. Gabriela Amaya Poppy Harrison Kirils Holstovs Dylan Stoppard Ben Pritchard FCIOB Alex Plenty Rebecca Petas MRICS Tiv Kaur MAPM Libby Milne Johnathan Munkley Elizabeth Scott MBE Generation4Change (G4C) National

I'll be speaking at the G4C Conference in Manchester on 26th September! As part of a panel we'll be covering how technologies will transform the future of construction, and what part OptiSpark's AI tech will play. At OptiSpark we are enabling domestic heating and cooling to respond to variable electricity prices. As the grid moves to renewables, we are seeing larger price swings within the day. It is crucial to enable our devices to adapt their demand on the fly, and make the most of periods of abundant renewable energy. Lydia McGuinness Tiv Kaur MAPM Rebecca Petas MRICS Alex Plenty Ben Pritchard FCIOB Elizabeth Scott MBE Generation4Change (G4C) National

Power prices in Europe have set a new record. And this time it’s a negative one. So far this year, we have had 7 841 hours of negative electricity prices in Europe, according to the consultancy ICIS. Prices have been as low as minus €20 per MWh. So what does this mean, apart from being paid to take a shower or charge your Tesla? It means that renewable energy is now really a force to be reckoned with in Europe, and are increasingly setting the price on the grid. That’s good news. But negative prices aren’t only positive. For project developers, negative prices can mean they don’t earn their investments back. As the market becomes more saturated, the energy transition could slow down, just when we need it to gain speed. Economists call this price cannibalisation. It means we need to massively up investments in better grids, more flexibility and smarter storage. Or else we risk that the energy transition will eat itself. What would you do with free electricity? Artwork: Power cannibal #energy #energytransition #power

Thanks to the UK's abundance of wind power, electricity prices were pushed below £0 today! OptiSpark powered devices are able to fully exploit this price volatility.

Last year the UK had 214 hours of negative prices. OptiSpark enables our users to automatically exploit these periods, making them money.

TurinTech AI have given us access to their #ArtemisAI platform! We'll be using it to lower our AWS costs by highlighting areas of our codebase that can be further optimised. Its ability to search through and answer questions about our code will speed up the onboarding process of new hires.

Demand side response can dramatically reduce the cost of running a heat pump.

Interested in learning more about what OptiSpark does? Martin SFP Bryant has done a fantastic job of explaining it in this PreSeed Now article.

Demand side response can dramatically reduce the cost of running a heat pump.

Interested in learning more about what OptiSpark does? Martin SFP Bryant has done a fantastic job of explaining it in this PreSeed Now article.