eleXsys developed new technology to relieve grid bottlenecks for clean power deployment. By dynamically managing voltage and reactive power, eleXsys dSTATCOMs ease the limitations of distribution grids connecting DERs, significantly increase network utilization, and reduce the need for expensive and time-consuming upgrades. In tackling the fundamental physics challenges associated with bidirectional power flow, eleXsys unleashes the potential of DER assets while also reducing constraints for the deployment of centralized renewables. eleXsys makes it possible for distributed energy to play a leading role in our future clean energy mix while further accelerating the cost-effective transition to renewable energy and global decarbonization.

eleXsys is an advanced power electronics device integrating a suite of artificial intelligence (AI) proprietary software applications enabling next-generation two-way smart distribution grids.

It is a multi-functional power electronics and software three-phase, 4-wire device that is 50 KW and 30 KG (66 pounds). It is a single device that offers all the following functions:

• A digital electronic capacitor and voltage regulator
• A digital harmonics device
• A digital power factor correction device
• A digital three-phase balancing device
• A battery and/or solar inverter
• A digital mini distribution grid Statcom device
• Grid forming
• Full off-grid capability

The eleXsys technology platform includes a range of AI machine learning-based software for:

• Voltage management
• Energy trading form Behind the Meter
• Ancillary Services from Behind the Meter
• Battery income and longevity optimization
• VPP (Virtual Power Plant)
• SCADA and DERMS communications
• Network fault Identification and location
• Network monitoring & data logging
• Power conditioning compensation for grid sag/swell and voltage fluctuations
• Frequency and voltage ride through support

• SaaS revenue model
• Hardware and software provided for a recurring annual software fee and annual performance fee from the Asset Co

Sell eleXsys devices to distribution utilities or asset funds at an upfront project CAPEX plus ongoing SaaS fees for device optimization for a 20-30yr contract term.

eleXsys is a 3-phase, 4-wire, and grid-forming, employing silicon carbide MOSFETs, creating a high voltage, high-frequency device. This provides cost advantages and allows for the product to be smaller and more compact than current conventional technologies while still capable of being scaled to suit much larger renewable energy installations. eleXsys uses high-quality components and state-of-the-art technology incorporating the latest silicon carbide and capacitor technology that give it an expected life of at least 20 years.

Their device has been specifically designed to address a large number of electricity network problems including:

• Voltage management, in particular, voltage rise due to generation in the lowest voltage levels of an electricity network
• Voltage fluctuations and intermittent generation
• Fault identification and location
• Harmonic mitigation
• Electricity network reliability

eleXsys is a single solution building a broad number of renewable integration technologies around Volt/Var, microgrids, and battery management.

To manage voltages and to transmit electricity safely from power stations to businesses and homes, statutory limits are set by electricity regulators as a component of uniform electricity supply standards governing the safe and reliable supply of electricity. Connecting rooftop solar PV or batteries, and exporting surplus power into the grid reverses the one-way power flows and causes voltage to increase. These voltage increases have been known to exceed statutory limits requiring intervention (curtailment or grid upgrades). With more solar PV being installed, there is a greater need to manage voltage volatility.

The response from distribution utilities to date has involved managing the risk of network voltages reaching excessively high levels by applying what is known as the 15% rule, or similar measures that give the same effect. Such measures limit the interconnection of embedded distributed generation to 15% of the total feeder rating.

eleXsys significantly increases the solar hosting capacity of electricity networks. For example, suppose the 15% rule is applied to rooftop solar. As a result, the substation/feeder is limited to host this percentage of clean solar PV energy. The remaining 85% has to be provided largely by non-renewable centralized generation from the grid.

eleXsys has demonstrated that it is possible to remove constraints on rooftop solar generation such that 100% of customer demand can be serviced whilst also enabling the export of surplus generated energy up to 100% of the network thermal capacity. Hence, providing a 200% hosting capacity or 13x increase without requiring any distribution grid upgrades. As a result, the 15% DER limitation is transformed into a significant clean energy generation opportunity whilst managing voltage under all load and solar export scenarios.

Once the voltage problem is solved, it is possible to install a much larger energy generation and storage system, improving the site's savings and providing much-needed support to help the distribution network deal with high penetrations of DER. Locating energy storage at the demand point is far more effective in supporting the distribution grid than at distant wind or solar farms.

An example of this in practice is the IKEA eleXsys Microgrid, which is a 10x larger microgrid (600kW vs 6MW) installed without any grid upgrades. eleXsys enables the doubling of rooftop solar output to grid and battery while allowing battery trading revenues to become bankable income streams for the asset owner (pension fund) due to eleXsys mitigating curtailment risk. Lastly,eleXsys unlocks 3rd party financing, allowing the IKEA project to be owned 100% by 3rd party asset fund with no CAPEX to IKEA, helping to solve the split incentive problem that plagues the C&I sector when it comes to DER adoption.

To demonstrate the scale of the opportunity, ~750 IKEA microgrids replace 1 coal power station and would deploy ~$4B in deployed capital.