The network itself is controlled by a series of algorithms that manage energy flows in real time. This helps stabilize the grid and rein in costs.
Village Energy’s platform, which keeps tabs on electricity use within households, also gives end-consumers more control over consumption and spending through a mobile app.
Results from a pilot project in India’s Andhra Pradesh have been encouraging. Both energy consumption and renewable penetration rose, at a cheaper rate for households and the local utility.
All bills were paid too, with 100% collection efficiency.
At the same time, peak demand was shifted and fell. Grid outages became far rarer.
Now Village Energy is extending its footprint. The startup has inked further agreements in India, Indonesia, Cambodia and Vietnam and is eyeing possible partnerships in Australia.
Village Energy was shortlisted in the ‘Artificial intelligence for energy demand management’ category for the ADB’s Energy Sector Technology Innovation Challenge.