Who is Tempus energy?
We are revolutionising electricity systems with our unique software that unlocks demand flexibility in connected customers.
Our technology uses AI and smart algorithms to control and optimise when flexible assets use energy. By predicting volatility in carbon intensity and market prices we allow customers to reduce their energy costs - while simultaneously enhancing their use of renewables.
Most customers have flexibility in their electricity consumption and Tempus Energy has experience working with SME’s and large business customers to identify and unlock flexible assets.
Not only does demand flexibility allow more green energy to be utilised when it is available, it also mitigates the need for expensive fossil fuel power stations to be kept in reserve for energy spikes. We have the power to move energy demand to react to available supply.
what is Flexible Energy?
Modern technology is enabling us to have greater control over our devices – and when they use electricity.
Devices with flexible energy can shift their electricity consumption without compromising on requirements.
Existing electricity systems use expensive fossil fuel generators to adjust supply in response to peak customer demand.
Using technology to adjust demand out of these peak times allows for optimisation of renewable generation.
Using renewable generation when it is available drives the price of your electricity down.
If you are flexible about when you consume electricity you are able to save money and reduce your carbon footprint.
OUR TECHNOLOGY PREDICTS THese THINGS:
High and low price events in the day’s electricity market
Renewables generation either onsite or purchased through a power purchase agreement
Your consumption, minute by minute, throughout the day
How flexible your consumption can be
It uses these predictions to optimise the use of your flexible load.
The Tempus technology uses smart controls working with our machine learning (AI) to predict market prices and automatically adjusts non time critical energy usage to achieve the lowest cost.
Price Prediction: Our technology looks at a rolling five hour window of forward prices on the market and ranks the highest and lowest price periods. It is updated every five minutes. The input data includes market information, load and climate data.
Load Prediction and Flexibility: The machine learning part of the algorithm is critical to be able to exploit the price information. Over time the Tempus technology learns and expands on how flexible your load is; how it responds under different conditions and how much you are likely to need. With this information, the load is controlled to stay within the limits you have set, while operating at optimal times.
Our machine learning algorithms continuously adjust these predictions and combine this knowledge to create your optimal use profile, while our BMS integration ensures that your equipment follows this optimal profile.