Almost anyone can make money selling electricity with AI, batteries and solar panels
Millions of people are using their solar panels and batteries to generate energy and sell excess back to the grid.
In the sweltering summer of 2022, a simple homeowner in Shropshire, England, found a lucrative way to capitalize on soaring energy costs and high temperatures. Andrew Austin, a 34-year-old resident, took advantage of a scorching June 24 when London's temperature hit 34 degrees Celsius. Energy prices spiked as the sun set, prompting Austin to utilize his 200 kilowatt-hour home battery.
Having charged the battery using inexpensive grid power during the day, Austin sold the stored electricity back to the grid from 4 p.m. to 9 p.m., earning approximately £60 ($82) in just a few hours. Remarkably, this amounted to roughly the same amount an apartment dweller would typically pay for electricity in an entire month. Austin accomplished all of this without lifting a finger, as a computer programmed to analyze electricity prices every 30 minutes from his utility, Octopus Energy, automatically executed the energy trading process while he continued with his daily routine.
Written by urgent.news from Japan Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
