Sustainable prosperity for everyone
Image credit: ENODA
ENODA has a specific system and a specific technology it seeks to change in order to drive prosperity through the availability of energy, without sacrificing present or future welfare.
Recent geo-political events have been an object lesson: if you increase or decrease the cost of energy, you directly affect the cost of everything. Energy is literally the input to every economic good there is.
If you want to have the greatest possible impact on the cost of living, influencing the cost of energy is the most effective mechanism by which you can improve the standard of living for everybody. And yet, as a society we increasingly demand energy with more expensive inputs.
As a society, we have recognised that our future welfare is threatened by reductions in the finite resources it depends on. Our environment is overburdened supporting present welfare.
However, to decrease the use of electricity generated using these finite resources, it would mean decreasing not only present welfare, but our capacity to generate future welfare too. This is because our capacity to generate future welfare is dependent on the current state of the economic productivity of our society. Decreasing the use of electricity will decrease productivity, hence decreasing our capacity to generate future welfare.
The prices of necessities are determined by the inputs to production, of which energy is the greatest. Simultaneously, for those on lower incomes, necessities represent a greater percentage of their expenditure. As a result, the cost of energy is more impactful upon our poorest households.
Poverty need not, and should not, be simply accepted as a matter of course.
ENODA is founded upon the idea that prosperity should be for everyone and that the means of its creation should be available to everyone.
To ensure this is true, clean and reliable energy generation and transfer must also be affordable and accessible. This is something that technologically, wasn’t possible until very recently.
The best method for the reduction of carbon emissions and the depletion of present resources is to use renewable generation to supplement current needs. While we focus upon the depletion of finite sources of energy, sunlight and wind needs only to be transformed into an AC waveform, fit for the existing architecture of our power grid system, to alleviate this deficit.
Obviously, this is far more difficult than it sounds. The grid is incapable, as currently designed, of making use of the amount of renewable energy necessary.
As a technology, the grid itself is no longer fit for purpose, yet its continued use is essential to present prosperity.
There is currently no available method to surpass these constraints and make use of the extremely low marginal cost of renewable energy. That is why ENODA has developed the technology which coordinates the mechanism for dynamic distribution of energy, to everybody, at the lowest marginal cost, while allowing the system to be agnostic to the nature of supply and demand.
Integrating as much load and renewable generation as you want to integrate into the system as a whole. It is the future system that will reliably reduce the cost of energy to the consumer, without carbon emissions.
About ENODA
ENODA’s technology can harmonise generation sources, correcting volatile signal and coordinating grid assets and power flow, laying the foundations for an antifragile energy system. ENODA’s integrated hardware and software solutions for electricity grid operators can deliver network stability and resilience, while increasing capacity for greater integration of solar and wind.
About the Author
Andrew Scobie is co-founder and CTPO at ENODA. He is an inventor, systems and industrial designer, with a growing portfolio of patents in power equipment and systems design.
