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How does Loop Optimise work?

Below is an example which shows the difference between normal charging behaviour, and using Loop Optimise.

Here’s an example showing the difference between Gary’s normal charging behaviour, and if he’d used Loop Optimise. Gary has a 5kW solar array and 5.4kWh battery.
Here’s an example showing the difference between Gary’s normal charging behaviour, and if he’d used Loop Optimise. Gary has a 5kW solar array and 5.4kWh battery.
Between 10am and 2pm, Gary's solar panels generate more electricity than he uses. He charges his battery with this excess electricity...
Between 10am and 2pm, Gary's solar panels generate more electricity than he uses. He charges his battery with this excess electricity...
...this means Gary doesn't spend money on importing electricity from the Grid, and he also doesn't make money selling the excess electricity back to the Grid.
...this means Gary doesn't spend money on importing electricity from the Grid, and he also doesn't make money selling the excess electricity back to the Grid.
Now let's see what the difference would be, if Gary had used Loop Optimise to decide when to buy, store or sell electricity:
Now let's see what the difference would be, if Gary had used Loop Optimise to decide when to buy, store or sell electricity:
Between 10am and 2pm, the price for selling electricity back to the grid is high at 40p/unit. Loop Optimise decides it's better to sell the excess electricity from solar, instead of using it to charge the battery, earning £1.60.
Between 10am and 2pm, the price for selling electricity back to the grid is high at 40p/unit. Loop Optimise decides it's better to sell the excess electricity from solar, instead of using it to charge the battery, earning £1.60.
Gary's 'time-of-use' tariff has a low import rate of 10p/unit between 1am and 4am, so Loop Optimise decides to fully charge the battery, at a cost of £0.40.
Gary's 'time-of-use' tariff has a low import rate of 10p/unit between 1am and 4am, so Loop Optimise decides to fully charge the battery, at a cost of £0.40.
Overall, Loop Optimise earns Gary £1.20 in one day by selling excess solar electricity when export rates are high (+£1.60), and importing from the Grid when costs are lowest (-£0.40). Over the course of a year, these optimisations could add up to hundreds of pounds!
Overall, Loop Optimise earns Gary £1.20 in one day by selling excess solar electricity when export rates are high (+£1.60), and importing from the Grid when costs are lowest (-£0.40). Over the course of a year, these optimisations could add up to hundreds of pounds!
Loop Optimise handles this decision making process, and decides whether or not it's in Gary’s best interests to sell or use energy - based on Gary’s household.
Loop Optimise handles this decision making process, and decides whether or not it's in Gary’s best interests to sell or use energy - based on Gary’s household.
Here’s an example showing the difference between Gary’s normal charging behaviour, and if he’d used Loop Optimise. Gary has a 5kW solar array and 5.4kWh battery.
Here’s an example showing the difference between Gary’s normal charging behaviour, and if he’d used Loop Optimise. Gary has a 5kW solar array and 5.4kWh battery.
Between 10am and 2pm, Gary's solar panels generate more electricity than he uses. He charges his battery with this excess electricity...
Between 10am and 2pm, Gary's solar panels generate more electricity than he uses. He charges his battery with this excess electricity...
...this means Gary doesn't spend money on importing electricity from the Grid, and he also doesn't make money selling the excess electricity back to the Grid.
...this means Gary doesn't spend money on importing electricity from the Grid, and he also doesn't make money selling the excess electricity back to the Grid.
Now let's see what the difference would be, if Gary had used Loop Optimise to decide when to buy, store or sell electricity:
Now let's see what the difference would be, if Gary had used Loop Optimise to decide when to buy, store or sell electricity:
Between 10am and 2pm, the price for selling electricity back to the grid is high at 40p/unit. Loop Optimise decides it's better to sell the excess electricity from solar, instead of using it to charge the battery, earning £1.60.
Between 10am and 2pm, the price for selling electricity back to the grid is high at 40p/unit. Loop Optimise decides it's better to sell the excess electricity from solar, instead of using it to charge the battery, earning £1.60.
Gary's 'time-of-use' tariff has a low import rate of 10p/unit between 1am and 4am, so Loop Optimise decides to fully charge the battery, at a cost of £0.40.
Gary's 'time-of-use' tariff has a low import rate of 10p/unit between 1am and 4am, so Loop Optimise decides to fully charge the battery, at a cost of £0.40.
Overall, Loop Optimise earns Gary £1.20 in one day by selling excess solar electricity when export rates are high (+£1.60), and importing from the Grid when costs are lowest (-£0.40). Over the course of a year, these optimisations could add up to hundreds of pounds!
Overall, Loop Optimise earns Gary £1.20 in one day by selling excess solar electricity when export rates are high (+£1.60), and importing from the Grid when costs are lowest (-£0.40). Over the course of a year, these optimisations could add up to hundreds of pounds!
Loop Optimise handles this decision making process, and decides whether or not it's in Gary’s best interests to sell or use energy - based on Gary’s household.
Loop Optimise handles this decision making process, and decides whether or not it's in Gary’s best interests to sell or use energy - based on Gary’s household.
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