Faraday Grid enters administration

The firm, which aimed to commercialise its flow control devices and modernise the UK grid, has gone bust after running out of funding

UK grid balancing tech for renewable integration granted £1m

Faraday Grid aims to develop a full-scale demonstrator device with a capacity of between 2MW and 3MW

New grid technology ‘could save consumers £1bn a year’

A prototype of a new grid technology which is expected to save energy consumers £1 billion a year has been launched. Faraday Grid claims its Faraday Exchanger has the potential to allow electricity grids to integrate much higher levels of renewable energy at no additional cost. It adds the savings could be made by replacing […]