Home Energy UK’s Tempus Energy partners with Origin in SA power-demand trial

UK’s Tempus Energy partners with Origin in SA power-demand trial

UK-headquartered energy company Tempus Energy is partnering with power provider Origin Energy to pilot a “flexible energy” demand solution in South Australia.

Tempus — which bills itself as a clean-tech start-up — says its technology is a demand-side management platform that lets customers use flexible load in their own assets and building management systems.

Tempus says the technology uses AI and smart algorithms to control and optimise when these flexible assets use energy, reducing costs, aligning with abundant renewables and increasing grid stability.

According to Tempus, this “radical shift in how electricity is consumed, the first of its kind by a large electricity retailer”, aims to reduce the cost of electricity for customers and take advantage of the abundant renewable resources available in South Australia.

Founder and chief executive Sara Bell said, “South Australia is an ideal place for Tempus to pilot our technology and we thank the South Australian Government for its support. There are natural synergies in our endeavours to deliver a secure, reliable, affordable and clean power for the future, and the potential role of our technology to help customers take charge of their energy consumption.

“Tempus Energy is delighted to be partnering with a forward-thinking energy company like Origin. We are looking forward to helping them explore the benefits and challenges of new flexible energy demand solutions and how this can contribute towards the transition to a lower carbon, stable energy system that can deliver tangible benefits to customers.

 “New markets have new challenges and Tempus Energy can help customers take advantage of renewables and use flexibility to take advantage of market volatility, bringing customers cheaper bills and ensure a more reliable energy system.”  

Origin executive general manager future energy, Tony Lucas, said: “Demand-side management is one of the technologies we believe could be part of the future energy mix that helps to maintain affordability and security of energy for our customers. We’re excited to get our trial with Tempus Energy underway in South Australia so we can better understand the benefits and the customer proposition.”

Bell says Tempus provides a software platform that connects a customer’s flexible assets to a retailers’ energy trading team, and flexes the customer’s consumption based on predicted pool prices, and the technology learns from data available in any modern BMS, battery storage device and other flexible assets.

“This optimisation is used to ensure lowest price and lowest carbon emissions, bringing together energy market forecasts and customer consumption predictions to make sure the right asset is doing the right thing at the right time.

“The growth of zero marginal cost renewable generation has created conditions of oversupply and will eventually create undersupply when enough loss-making fossil fuel generation is retired.

“This over- and under-supply creates the pricing dynamic that enables innovation to flourish. Energy only markets, where they exist in the world, can function because high prices have created the investment case for fast response gas fired generation.

“Price risk during high demand/low supply events is mitigated by making the electrons in fast response gas fired generation. The same market conditions will create the investment case for a flexible demand-side and battery storage."

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Peter Dinham

Peter Dinham is a co-founder of iTWire and a 35-year veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).