Page 17 - April 2018 Disruption Report Flip Book

ELECTRIC UTILITY SECTOR JAANPURAIRLY20210818
The vision to have a truly integrated smart grid requires a key element: pricing. From the GridWise Alliance: “Transactive Energy refers to techniques for managing the generation, consumption, or flow of electric power within an electric power system through the use
of economic or market-based constructs while considering grid reliability constraints...
An extreme example would be a literal implementation of ‘prices-to-devices’ in which appliances respond to a real-time price signal.” Some smart grid vendors, such as Siemens, already offer software that both manages and operates assets and forecasts demand, with the embedded capability to support energy transactions, meaning transactive energy could become a possibility. This could lead to a reduction in the need for new large physical power plants and infrastructure in the future.
BLOCKCHAIN USE CASES IN THE ENERGY VALUE CHANGE
Source: The Developing Role of Blockchain, World Energy Council
The Use Cases of Blockchain in the Power Sector
1. Share&Charge is a blockchain-based EV charging network, first started in Germany, where EV-owners can charge their vehicles at any charging station and the costs will be transferred from their ‘Share&Charge’ wallet to the owner of the charging station. This reduces the barrier to entry for charging “stations” or “spots,” as any spots can join the blockchain network to sell power to EVs. It is similar to any decentralized platform, but now transactions can be standardized.
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