The March 2018 edition of Wiring Matters Magazine is out now, lets take a quick look at what’s inside this issue.
IET Electrical website – New for 2018
IET are launching a new Electrical site, which is mobile responsive, will offer an easier subscriptions process to Wiring Matters magazine, and will be much easier to navigate. The website is due to launch by the end of this month. In the meantime, you might see some changes on a few pages, such as the Shop – which, in early March, will be updated with 18th Edition books ready for you to pre-order.
Why cash is king in construction
Adam Fernandes, from UHY Hacker Young, provides advice about how to manage the accounting for your business ahead of the new tax year. Have you found yourself in the middle of a complex supply chain? Have you paid out on materials and labour costs and are yet to receive your initial deposit or valuation payment? When you are suffering from negative cash flow, situations like the above can take down even the most profitable of construction businesses and this is why cash flow is so important.
Interview with Allan Burns – Author
Wiring Matters interviews Allan Burns, the author of the IET’s Guide to Smart Homes for Electricians.
Connected Systems video: understanding the systems underpinning smart homes
In October 2016, IET published Code of Practice for Connected Systems Integration in Buildings. They are continuing to see a lot of interest around smart homes and the connected systems that are required to make a smart home work. However, despite the interest, there seems to be a lack of confidence in how to go about implementing such connected systems.
More detail’s on all of this month’s story’s can be found here.
In its first major round of venture capital financing, Manchester-based Upside Energy attracted £5.5 million in order to grow its team and speed up the commercialisation and deployment of its cloud-based smart-grid platform.
Upside Energy has developed a technology that connects and benefits both suppliers and users, while reducing carbon emissions.
While the market for renewable power such as wind and solar is growing, these come from multiple sources and are intermittent. This makes it harder for power stations to generate electricity consistently.
Upside Energy’s platform aggregates the energy stored in everyday connected devices, such as batteries and hot water tanks, to create a virtual energy store that can be drawn on as needed.
For National Grid – Upside Energy’s first customer – this means it can better balance electricity supply and demand from renewable sources.
Customers can also save on their energy costs or earn revenue if they avoid using electricity during peak times.
Funding and support
In addition to providing access to business connections and mentoring, Innovate UK has supported Upside Energy in multiple collaborative research and development projects.
Upside Energy is currently involved in an Innovate UK-funded project.
It is part of a £2.9 million consortium to develop a physical and digital network to integrate systems that will enable the balancing of heating, cooling, electricity, and carbon, via a low-cost approach.
The Marine Management Organisation (MMO) has issued a comprehensive decision for the IFA2 (Interconnexion France-Angleterre) project under the TEN-E Regulations, after it attained all of the required statutory consents in UK consenting regime.
The IFA2 interconnector is a 1,000mw high voltage direct current (HVDC) link, which will run from Normandy in France to Hampshire in England. The project is being carried out by National Grid IFA2 Ltd and RTE.
MMO Senior Marine Licensing Manager Matthew Kinmond said:
This is the first comprehensive decision from the MMO under the TEN-E Regulations and the first in the UK for a cross-border and multiple consenting regime interconnector project. It represents a major milestone for the IFA2 project.
Dave Luetchford Head of IFA2 from National Grid said:
Enhancing Great Britain’s energy connection to France will bring a number of benefits, including increasing security of electricity supplies for both countries and providing opportunities for shared use of renewable energy.