IGG: The Faraday Grid

[EEVblog]

Our design - Concept

We’ve designed a hardware device that replaces transformers in existing electricity grids and enables the more volatile and distributed energy sources to generate and dispatch electricity without disrupting the operation of the grid in delivering electricity to the user - you.

We have proved the design concept, and are now seeking to develop our first full prototype for testing. If successful this technology can potentially be used throughout electricity grids worldwide.

The Benefits of the Faraday Exchanger

Greater integration of renewable energy sources
Greater network efficiency and reduction of loss between points
Potential for peer to peer energy sharing

More about the Faraday Exchanger
A Faraday Exchanger is intended to be one of many throughout an electricity network to manage and balance the volatility of e.g. solar and wind energy sources.  When distributed throughout a grid, the ‘Faraday Grid’ will act to provide the inertial response and primary frequency response to maintain stability.

The Faraday Exchanger directly replaces transformers in the existing electricity grid, changing the constraints of our existing grid. It utilizes all the existing poles and wires in our grid. It also removes the need for additional expensive equipment or systems, which makes the grid more fragile.
The implementation of our Faraday Exchanger will create a self-managing power grid. Deployment of Faraday Exchangers into our energy networks will turn our current under-performing grid into a more efficient and responsive "Faraday Grid".

What does nay of that mean? Doesn't seems to be inkling about how this works at all

They have a lot of EE talent behind this:



https://www.indiegogo.com/projects/the-faraday-grid#/

[ataradov]

Flexible funding and a site registered a month say it all.

Also, "The Faraday Grid Project is managed by Exigen Pty Ltd" and their site will help you to win BS bingo in a heartbeat https://www.exigen.com.au/

It starts right from the main page:

Design by Rationalised Constraint informed by Simulation

and continues throughout the site.

Although people seem to be real, unless they were smart enough to create a bunch of LinkedIn profiles.

[EEVblog]

Also, "The Faraday Grid Project is managed by Exigen Pty Ltd" and their site will help you to win BS bingo in a heartbeat https://www.exigen.com.au/

Jesus H. Christ, this has to be joke

Services
An ongoing challenge facing businesses in the current climate is how to maximise asset performance while limiting the risk on stakeholder interest and safety.
We have the unique capability to deliver asset transformation for significantly increased asset value

Exigen has a unique capability to deliver asset transformation leading to significantly increased asset values for owners and investors.  This is achieved through directly addressing the primary drivers of a risk adjusted valuation. Those primary drivers are capital productivity and reliability.

The ability to simulate complex processes at a fundamental level allows Exigen to increase productivity through system optimisation.  Risk during this process is greatly reduced as the simulation allows improvements to be verified and quantified before any modifications are made to the asset itself.  Businesses benefit during all stages of ownership from due-diligence, development, operations, or reinvestment.

This process is completely independent of vendor products and platforms, and has been applied to a broad range of industries to consistently provide excellent results for over 15 years.  By partnering with Exigen, significant asset value can be realised in a shared risk/reward setting that would be otherwise inaccessible.

Exigen’s core strategic purpose is to improve the sustainability of human social and economic life.  Exigen targets this through paradigm-shifting advancements in energy production, distribution and consumption, as well as innovative solutions and improvements to existing technology.

Our R&D resources also provide valuable insight and service to our Design by Rationalised Constraint© informed by simulation through significant innovation, development and delivery of solutions and tools allowing design and simulation to be undertaken in previously inaccessible ways.

A number of specific R&D projects are being undertaken, currently in stages ranging from initial conception through to prototyping.

Exigen actively seeks to maximise the value creation and sustainability of business and society. A strong team-based start-up culture combined with robust methodologies and high value design intellectual property has allowed Exigen to (solve problems where others couldn’t).

Knowledge exists in a complex universe. The object of inquiry can at times be abstracted to simplicity. However, usually discovery within systemic design is subject to the obfuscating characteristics of complexity. This is often understood as a function of the limits of the human mind.

THE KNOWLEDGE PROBLEM

In the early 20th century, the enlightenment project of action built on knowing crystalized as the Knowledge Problem. Popper, von Mises, and Hayek sought to understand how non-trivial human action could be effective and ethical. Schumpeter recognized the value and disruptive power of action informed by new knowledge in his conception of creative destruction. All opportunity is located in the Knowledge Problem. In practical terms value lies in a closer understanding of constraint.

The Knowledge Problem and opportunity can be understood to have a number of dimensions. Ludwig Lachmann’s concept of Radical Uncertainty is temporal and existential.  Human agency only exists in an acting relationship to a future that is probabilistically radically uncertain. This is the basis for Taleb’s Black Swans.  Simply, history is absolutely no predictor of future performance.  There are exogenous factors beyond knowing. Yet the human agent continues to exist and act. Von Mises and Hayek demonstrated all knowledge available to humans is locationally specific. Even the ‘laws of physics’ have their specific value where they apply, and therefore their implications are not knowable independent of location.

HISTORY

Exigen was founded in January 2013 in order to commercialise a theoretically robust premise that design choice cannot be perfect, it can however be very much better.

Through the acquisition of Systems Reality (a specialised systems integrator in the manufacturing and mining sectors for over 27 years) and its associated design intellectual property, Exigen had the foundation to radically enhance productivity and reduce risk in the core value chains of corporations with complex operating systems.

By utilising the intellectually robust methodology of Design by Rationalised Constraint© in combination with a specialised engineering approach informed by simulation to within trivial tolerance of reality, Exigen has been able to provide results vastly superior in both new design and system improvement.

[T3sl4co1l]

Services
An ongoing challenge facing businesses in the current climate is how to maximise asset performance while limiting the risk on stakeholder interest and safety.
We have the unique capability to deliver asset transformation for significantly increased asset value

Exigen has a unique capability to deliver asset transformation leading to significantly increased asset values for owners and investors.  This is achieved through directly addressing the primary drivers of a risk adjusted valuation. Those primary drivers are capital productivity and reliability.

This reminds me of an anecdote from Richard Feynman.

He was reading through some fru-fru sociological paper, trying, well, to make heads or tails of it at all...

Finally, he forced himself to read and analyze just one paragraph.  To see if it's even possible.

He concluded that the whole paragraph meant, simply: "people talk".

The above quote makes me think, "Companies want money. We can help you make money."

Which is, at least, a little less laughable (well, depending on your perspective), as there literally are companies that do nothing but make money.  (Think financial markets...)

Tim

[edy]

I think they latched onto the "Faraday" name as a way to increase recognition and publicity and "scientific-ness".... Likely because "Tesla" was already taken. I don't think it has one thing to do with anything Faraday did, other than being an electronic device.

From all the hokey-pokey text meant to fill up the pages, all I can gather is that it is a device that helps integrate and balance and improve the efficiency of having multiple power sources feeding into the grid... solar, wind, with traditional like hydro, nuclear, coal.

EDIT: I don't see one iota of technical information explaining how it works. A simple block diagram will do, or a cute animated video like they did for their campaign. So far... . I call BS on this, unless proven otherwise.

EDIT 2: Why would a company with any calibre crowd-fund something like this? Backers are offered various branded corp promo swag as rewards. Looks like they bought too many for the latest trade show and this is how they plan on getting rid of it. There seems to be a disconnect between the supposed strength of this company and their previous projects and expertise, and asking the public to fund this campaign. Then again, this is not entirely surprising (Batteriser, Airing,etc).