OX is an exclusively designed online platform that enables energy grids to sustain and support renewables, managing the rapid rise in the number of PV systems, EVs and other DERs. Simultaneously, it assists prosumers attain a higher value from them.
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 that empowers flexible energy markets to operate.
Prosumers registered with OX can access energy markets and be visible to be contracted for grid services, unleash new sources of income when supplying energy 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
The increasing adoption of rooftop solar PVs, EVs, batteries, smart products and other energy generation sources, have created both an opportunity and a challenge for the energy grid.
With the grid owners not having clear visibility over the location of these DERs or the voltage entering the grid, feeding back energy into the grid can potentially lead to instability.
Conversely, 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 was created by Arnowa, a Smart technology innovator with excellence in the design and implementation of smart energy monitoring and management solutions and renewables such as smart Grids, PV systems, VPPs and other forms of DERs. Founded in Perth, Western Australia, Arnowa since the past decade has been helping various city councils across Australia and numerous Industries around the world adopt smart solutions to drive efficiency and sustainability into their operations. Realizing the impact of the shift towards Distributed Energy Resources (DERs) on the stability of the grid systems, Arnowa brought together its expertise in the domain to launch the OX Platform to enable an open exchange of energy and facilitate the visibility and control of the various distributed assets.
Aiming to bring grid owners, stakeholders, prosumers and corporations on the same platform to allow a transparent and open exchange of energy, Arnowa brought OX to life.
Headquartered in Perth, Western Australia, with offices in India and Indonesia, OX provides services globally. It has been contracted for major projects across India, Australia and other South Asian countries.
To date, many organizations across the world have partnered with OX, including major utility service providers, leading technology brands and industrial bodies.