Energy transition explained

A business model for how businesses sell heating, where customers pay for an outcome, such as feeling warm and comfortable in their homes at a time that suits them, rather than paying for kilowatt-hours of energy.

The technology of indoor environmental comfort. Its goal is to provide thermal comfort and acceptable indoor air quality. The global HVAC market is very large - worth many 10’s of billions. 

The high-voltage electricity grid is the backbone of the electricity supply system, taking electricity from generators over relatively longer distances to the main demand centres. Voltage levels are considered HV above 50kV. 

Charging an electric vehicle at home, rather than on-street or at work.

A HEM system autonomously monitors, controls and optimises the timing, volume and mix of energy flows within the home, in order to minimise customers’ energy costs while meeting customers’ preferences (such as comfort, EV use, carbon emission, etc.).

Gas-based energy carrier that can be combusted for heating as a substitute for natural gas in boilers, used in fuel cells and vehicles, to power industry and to generate electricity. It can be produced from electricity (including renewables) through electrolysis and from the reformation of natural gas with CCUS.

Hydro power generates electricity from the power of running water – either micro scale (including small rivers) or large scale. 

The ability of a power system to oppose changes in system frequency due to the inherent resistance provided by rotating masses (e.g. turbines) in power plants.

The ability of equipment, systems, apps or products from different vendors to operate together in a coordinated way, without an end user’s involvement.

A commercial carrier vehicle with a gross vehicle weight of no more than 3.5 metric tons in the European Union, Australia, New Zealand.

An odourless, colourless, non-toxic and non-corrosive natural gas that has been cooled down to liquid form for ease and safety of non-pressurized storage or transport.

Commonly refers to the mains voltages as used by domestic and light industrial or commercial customers. A voltage typically less than 400V.