Lancium Smart Response™ The technology enables the facility to provide stability services to the power grid
HOUSTON, November 2, 2022 /PRNewswire/ — Lancium, Inc.an energy technology and infrastructure company advancing decarbonization and power grid stability, announced today Fort Stockton, TX Clean Campus has been qualified as a “Controllable Load Resource” (CLR) by the Electrical Reliability Board of Texas (ERCOT). As a CLR, large electricity users can reduce their energy costs by dynamically avoiding periods of high prices while simultaneously providing highly sought-after grid stability services.
“More extreme weather conditions and increasing electricity demand present new challenges for the power system. Using Lancium Smart Response™ we have uniquely proven that large electricity consumers can be turned into a resource for power grid operators in times of crisis,” said Michael McNamara, co-founder and CEO of Lancium. “Historically, only generator sets could provide specific critical services to help balance the power grid and ensure grid stability. We are delighted that ERCOT has certified our Fort Stockton facility to provide these necessary and valuable resources to the large-scale power grid. »
General Information about Controllable Load Resources (CLR)
A CLR is a designation by ERCOT. CLR load category entities can provide grid stability services due to their unique ability to adjust power consumption, or “load”, up or down in seconds, as reported by ERCOT . CLRs must also be able to react independently to power grid conditions, such as the unexpected loss of generation capacity. To qualify as a CLR, an operator must meet strict technical requirements and successfully demonstrate its ability to respond proportionally to the needs of the power grid, rather than simply shutting down. It is this flexibility that makes CLRs unique and valuable.
Lancium Smart Response™ in action
During the summer of 2022, ERCOT experienced several days of record electricity demand. During this time, Lancium used its Lancium Smart Response™ software to dynamically adjust power consumption to her Fort Stockton installation during peak periods. By doing so, Lancium avoided spikes in electricity prices and returned electricity to the grid when it was needed most.
“For heavy energy consumers, the ability to manage energy consumption using Lancium Smart Response™ can be a competitive advantage,” said Michael McNamara, CEO of Lancium. “Beyond the benefits to an individual business, as the energy transition continues, power grid operators will increasingly face the natural intermittency of renewable energy generation. The ability to adjust the power consumption in seconds depending on economy, grid conditions or back power in an emergency is a real game-changer.”
Since 2017, Lancium has invested millions of dollars and tens of thousands of man-hours in research and development efforts to improve the efficient operation and dispatchability of rampable data centers. Lancium holds a number of patents for the technologies it has developed. Through these efforts, in June 2020Lancium has successfully qualified the first CLR data center in ERCOT’s history.
Learn more on how miners can control their energy costs and improve the performance of their facilities with Lancium.
Based at The Woods, Texas, Lancium is dedicated to accelerating the energy transition through technologies and infrastructure designed to enable cleaner energy production while balancing and stabilizing the electrical grid. Lancium Clean Campuses are designed to provide a sustainable, low-cost solution for large-scale, energy-intensive customers through our Lancium Smart Response property™ Technology. For more information, visit www.lancium.com. Follow Lancium on social media: Facebook, Twitter, LinkedIn, Youtube