Powervault have teamed up with electricity supplier Tonik Energy to trial a smart electricity tariff constructed to reduce bills by bringing battery storage units into more UK home.
Tonik Energy will trial the Powervault energy storage units with their customers who have smart meters in their home. The two companies have said the aim was to prove the concept of the UK first storage tariff.
Meaning customers would save money on their bills through storing excess energy from off-peak hours which can be use during the peak period. This falls in line with the government’s aim to install have a smart meter in every household by 2020.
“Historically, domestic energy storage has been associated primarily with the 900,000 UK homes equipped with solar panels, but a much larger market is starting to emerge, enabled by the smart meter rollout,” Joe Warren - MD Powervault
This trial follows the successful year Joe and Powervault team had last year with their crowdcube success, demonstrating the progression they’ve made at Sustainable Bridge and we expect them to have much more.
Article Credit: Michael Holder of Business Green
You can read the full article here: Tonik Energy and Powervault to trial home battery storage and smart tariff combo