Second edition of the public diary.
Good morning all,
Welcome to another entry in the public diary. Don't forget to sign up for the newsletter if you are interested in following along with our journey. I will write an update weekly. Summary of what we do.
Silkmod exists to make energy cheap again. It is now a right to have electricity in our homes. People struggle to heat their homes, or they eat in the dark. This is pathetic and a failure on our part.
Sustainability is about meeting our current needs without impacting future generations to meet their needs. We need to find a way to almost be greedy with heating, lighting and other electrical components, and still not impact future generations. Renewable energy is driving down prices, yet due to its flaws and other issues, that price isn't sticking. We still need dirty plants to pick up the slack.
Aside from the political and social issues, this is a super interesting problem to me. It is about building the most optimised system to operate under intense pressure (low pricing). How can I develop a super-cheap generation system without losing any performance? If I took today's costs to build my system, I would be solely responsible for putting myself out of business with Silkmod's mission.
This isn't something Silkmod can do by itself. At face value, this goal seems almost impossible, but hey, what's the point in doing anything if it isn't hard?
I am intentionally being unclear about the "generation system" because I don't know, myself, what it would look like yet.
What have I been doing?
I have spent the last week building a generation modelling system. This is step one in the process. Using historical data, we can build a system to estimate, which means it won't be 100% accurate, but it will help guide my decision-making in the future. Currently, the system can build a Solar PV + Battery storage system and predict the performance based on a location, and trade in virtual energy markets to simulate revenues. It is very crude, but so far it's looking hopeful. I only run the system on historical data, but I plan to run the system in parallel with the real-time market to watch its performance in today's world.
This will be a simulation, and just that. It will never indicate a true performance, but it can help rapidly make better decisions.
One of the largest interests to me is the cost to build the system, CAPEX and get it operational. Understandably, this is ` key factor in whether a renewable project is successful or not: can the project make more back than what it costs to make? Another factor is how quickly the system can make back its money? It is key that we find a path to drop the CAPEX significantly, or else we risk this idea failing.
Thank you for reading.
MJFrost
MJFrost
MJFrost
