Grid flexibility refers to the ability to reduce or shift energy usage to different times of the day in response to external factors. As the energy landscape evolves, this capability is becoming increasingly valuable to the electric grid. Corinex's grid flexibility solution dynamically manages both generation and low-carbon technologies (LCTs) within the available grid capacity. It enables the mass adoption of low-carbon loads and generators, maintaining balance without overloading the grid.
Grid flexibility brings new opportunities to increase energy asset lifespan, optimize supply and demand, reduce electric grid maintenance costs, and ensure regulatory compliance while supporting DNO's business strategy. Corinex is the world leader in Broadband over Power Lines (BPL) technology for energy management and electric grid digitalization. Our grid flexibility is a vertically integrated solution and designed to connect, facilitate, and manage large and scalable deployments.
Applications of grid flexibility include Advanced Metering Infrastructure (AMI), Microgrids, and Vehicle-to-Grid (V2G) technology. By providing real-time consumption data, localized energy control and resilience, and helping balance demand and integrate renewable energy, these applications enhance the efficiency, reliability, and sustainability of the energy grid.
Corinex GridValue is a robust grid management software that provides unparalleled data aggregating and analyzing capabilities on the low voltage (residential/commercial) part of the electric grid. Using the latest encryption, it securely manages up to 5 million energy data nodes. This software is fully backward-compatible with first-generation UPA broadband over power lines devices and offers exceptional scaling for Wide Area Network (WAN) deployments.
Corinex is a dominant provider of BPL-based grid flexibility solutions, enabling the digitalization of the distribution system where energy consumers connect. Our solutions maintain network capacities and steer LCTs to consume local generation. Our broadband offerings deliver a complete solution, enabling network operators with flexible resources to relieve stress on specific network infrastructure and provide reliability and security for the energy system.
Focusing on the digitalization of the electric grid and speeding up the adoption of low-carbon technologies, we cater to energy companies, including electric utilities, electric vehicle manufacturers, and charging service providers. Our BPL solutions offer comprehensive communication and computation capabilities, integrating distributed energy devices and enabling real-time energy data, analytics, predictive models, and top-tier security. We are committed to helping energy companies remove grid constraints and enable energy communities within low-voltage grids.
We have received validation from prominent utility companies such as E.ON, Iberdrola, Stromnetz Hamburg, CEZ Group, Energa, Innogy, PRE, SKELEC, and ZSE, and boast a rich track record of successful pilot projects. In 2022, following extensive due diligence, we secured a substantial multi-year contract with E.ON, marking Germany's first large-scale grid smartification project.
As the exclusive provider of G.hn-standardized BPL technology for grid digitalization, we lead the way in grid innovation. Our distinctive market stance is reinforced by 12 patents in the US and Europe, backed by more than 250 person-years of software development. Our technology not only represents a significant advancement over current grid solutions but also excels in its comprehensive grid management capabilities, and adeptness in meeting the requirements of a modern, digitalized grid.
In today’s energy landscape, existing smart grid technologies fall short of meeting new demands. They struggle with managing edge devices like renewables and electric vehicles and fail to ensure real-time information flow for regulatory compliance. Corinex's BPL technology is uniquely positioned to challenge the current dominance of Narrowband PLC (NB-PLC) technology. It offers superior cost-effectiveness, functionality, and performance compared to NB-PLC and it is positioned to gradually replace NB units during the natural upgrade cycle.
Dynamix is a great starting point for an energy community. In its simplest form, this involves sharing energy, essentially adding a financial layer on top of the physical DynamiX layer. It examines the network for importing/exporting from the substation and tracks how much each consumer and prosumer has consumed or generated within defined periods. All power or energy outside of the substation network serves as the basis for calculations, and each prosumer can receive compensation for the exported energy consumed by the community, rather than being sent back to the grid.
DynamiX solution provides mass-scale information on daily market prices, allowing a significant reduction in energy costs. It enables earnings by leveraging the difference in energy prices.
DynamiX enables streamlined coordination of the LV grids, ensuring a more efficient energy distribution and significant cost savings. The system empowers DNOs with the capability to swiftly adapt to grid fluctuations, minimize service disruptions, and effectively manage grid constraints. This proactive grid management enables the integration of a higher number of Low Carbon Technologies (LCTs) into the grid, thereby augmenting potential revenue streams.
DynamiX enables OPEX cost savings by quickly adjusting to the changing conditions in the power system, decreasing downtimes and disruptions. The network operators can monetize its ability to adjust power usage or generation in response to frequency changes.