The Open Exchange (OX) is an online platform that
enables energy grids to flawlessly support renewables,
handling and integrating the increasing numbers of
rooftop solar PV, EVs and other distributed energy resources (DER). Simultaneously, help prosumers to get more value from it.
Innovative marketplaces for energy trading
OX enables the evolution of new marketplaces in the energy sector. It’s not a marketplace itself; rather it is an application platform which empowers flexible energy markets to operate.
Prosumers registered with OX can enter energy trading network, and can be contracted for grid services, reveals new income source by supplying energy to the grid during peak hours, optimizing frequency or grid voltage, or minimizing network issues.
OX-powered assets and participants can engage in two-way energy exchange services. The result is effective communication, synchronization and full control over a variety of distributed energy resources.
Importance of OX in the energy market
Increasing adaptation of rooftop solar PV, EVs, batteries, smart products and other energy generation sources, created both an opportunity and a challenge for the electricity grid.
The grid operators don’t have clear visibility over the location and voltage coming to grids from DERs; this may cause instability to the grid.
But when these millions of distributed energy generators are identified and harmonized to actively supply back to the grid, apart from reducing the huge investment on infrastructure it also creates a more secure, reliable, cheaper and cleaner energy grid.
This is what OX provides – an open exchange platform to facilitate distributed asset visibility, harmonization and markets, it empowers the marketing and management of distributed energy into the grid.
Working of OX platform
OX is built around an open energy exchange platform, accessed via web/app based programming interface.
All data and control signals flow via this exchange platform, which integrates distributed energy resources, energy trading platforms and distribution management systems.
OX is created by Arnowa, an IoT player, energy monitoring and smart grid solution provider. Founded in Perth, Western Australia, Arnowa has been helping various city councils of Australia and industries around the world to adopt smart technologies to drive sustainability into their operations and resource consumption, ranging from electricity, water, gas, and labour. Pioneering in energy monitoring and management industry for the last decade Arnowa’s OX is bringing virtual power plant solutions to you with deep domain expertise in the sector.
We know that the increasing adoption of renewables like rooftop solar PV, EVs, and smart household appliances could affect the stability of the grid, resulting in a shift towards decentralized energy utilization. But there was lack of an open energy exchange platform to facilitate the visibility and control of the distributed assets.
In this way, the OX comes into existence.
OX has been contracted for major projects in India, Australia and other Southeast Asian countries. We have headquartered in Perth, Western Australia, with offices in India and Indonesia.
Till date, many organizations across the world have partnered with OX, including major utility service providers, leading technology brands and industrial bodies.