Perth, U.K. --- (METERING.COM) --- October 1, 2008 - U.K. energy company Scottish and Southern Energy (SSE) has acquired a 25 percent stake in Smarter Grid Solutions Limited (SGS), a spin-out business from the University of Strathclyde.
The other partners are Scottish Enterprise’s Scottish Co-investment Fund (SCF), which also has acquired a 25 percent stake, and the University of Strathclyde and the inventors of the technology, who will share the remaining 50 percent of equity.
SSE and the SCF also have committed to further investment in the company, when agreed milestones have been reached.
The SGS technology, developed collaboratively between the University of Strathclyde and SSE over the last five years, is an active network management technology that enables the incorporation of distributed generation such as renewables into the network. Its development led to the creation of the Orkney Registered Power Zone (RPZ), where it was tested and is a reference site for the technology. Now the technology, which enables real time control of the distributed generation output to match the available capacity of the network, is capable of deployment on other electricity networks.
Alan Gooding, managing director of SGS, said: “The upsurge in distributed generation, including wind, wave and other renewable technologies, has saturated available network capacity in many electricity networks. This technology will allow the cost effective connection of significantly more megawatts of renewable generation to existing electricity networks.”
The active network management technology was developed by a team in the University’s Department of Electronic and Electrical Engineering led by Dr Graham Ault and Robert Currie.
SSE is one of the largest energy companies in the U.K., involved in the generation, transmission, distribution and supply of electricity and other services across the country.