SSE has selected Origami Energy, following a highly competitive selection process, to support SSE’s delivery of valuable new flexibility services to its industrial and commercial customers.
SSE will offer real-time, flexible energy management services through Origami Energy’s technology platform, to help customers unlock the increasingly valuable flexibility they have in their consumption and generation of electricity.
Energy flexibility is growing in importance globally as the electricity industry embraces the structural changes caused by the shift towards decentralisation, decarbonisation, and digitalisation. SSE’s Virtual Power Plant (SSE VPP) knits together all types of distributed energy resources including demand side response, storage, combined heat and power, generation and electric vehicles to offer capacity and flexibility to different markets.
In an important strategic move, the collaboration with Origami Energy provides a significant enhancement to SSE’s market-leading energy supply proposition, enabling industrial and commercial customers to access new revenue streams in the flexibility market whilst taking a more sustainable approach to their energy use. SSE also plans to operate some of its own embedded generation assets through the platform.
Finlay McCutcheon, Director of SSE Business Energy said, “Flexibility is an increasingly valuable part of the GB electricity market and SSE is delighted to be working with Origami Energy as we deliver our new SSE VPP product. We believe Origami Energy’s technology is market leading and will help us provide significant value to our customers.”
Peter Bance, Chief Executive Officer of Origami Energy, said: “We are delighted to be partnering with SSE. This major deal further validates the new opportunities that our real-time energy marketplace solutions offer to electricity suppliers, traders and industrial and commercial companies. Using our powerful technology platform, SSE will be enabled to deliver more valuable customer propositions, unlocking value for large numbers of owners and operators of dispatchable generation, battery storage and flexible loads.”
SSE is involved in the generation, transmission, distribution and supply of electricity, and the production, storage, distribution and supply of gas, as well as other energy-related services.
SSE’s core purpose is to provide the energy people need in a reliable and sustainable way.
SSE currently invests £1.5bn a year and employs 20,000 people to develop and maintain the UK’s energy infrastructure.
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Origami Energy is a leading technology platform provider to the energy market. Origami Energy’s highly secure, scalable and versatile software platform enables remote, real-time monitoring and intelligent real-time control of large numbers and types of energy assets and is architected for global deployment.
Origami Energy’s technology enables market participants, such as SSE and its industrial and commercial customers, to respond quickly to changes in the energy market, increase their profitability, access new revenue opportunities and improve trading positions.
Origami Energy has UK offices in London and Cambridge recently raised £18.6m from FTSE listed global power specialist, Aggreko and existing investors including Cambridge Innovation Capital, Octopus Ventures and Fred. Olsen related companies, bringing the total raised to date to £36m.
Origami Energy has invested significant funds in establishing the UK’s only dedicated micro-grid emulation and testing laboratory enabling rigorous testing of new applications, algorithms and asset classes such as batteries and electric vehicles prior to real-world deployments with customers.
Click here for more information about Origami Energy.
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