The offering comprised one physical device that formed the basis of a wider network architecture. The Faraday Grid started in Australia amid renewable adoption that created problems for grid stability and the economy, operating as an energy technology company. It developed the Faraday Exchanger, a device that combined power-flow control, voltage regulation and power conditioning in one unit, while a Faraday Grid comprised a network of Exchangers balancing power across the energy system.
The Exchangers sat inside the main energy conversion and distribution process rather than beside it. The device made transformers, tap changers, harmonic filters and capacitor banks redundant, and its cost was significantly lower than that of the technologies it replaced. Tests again confirmed its voltage regulation and power-quality functions for utilities and end users of electricity.
