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Blockchain’s energy sector uses range from the highly speculative—think peer-to-peer energy trading using cryptocurrency raised in initial coin offerings (ICOs)—to more incremental efforts, grounded in real-world challenges of operating an increasingly decentralized power grid. are testing it out.
Influenced by the increasing penetration of “behind-the-meter” distributed energy resources (DER), power systems are experiencing a paradigm shift from a centralized structure to a decentralized one. million rooftop solar power systems installed in total, as of 31 December 2020. Increase in DER integration.
Three major European grid operators are rolling out a new blockchain platform to tap the growing penetration of small-scale distributed energy resources for grid balancing. As behind-the-meter resources like batteries, heat pumps and electric cars proliferate, challenges remain in finding ways for them to benefit the wider grid.
And in energy circles, one of the biggest buzzwords in recent years is the virtual power plant, or VPP. But VPPs have really taken off in the last 10 years, not just as a concept but as something that a growing number of energy companies are creating, using and commercializing. Another difference concerns markets and regulation.
When blockchain arrived on the energy scene three years ago, much of the discussion went straight to disruption and disintermediation. Still, progress has been slow and driven almost entirely by startups that either have limited funding or the ability to willfully ignore the range of regulations surrounding electricity markets.
Vermont power distribution company Green Mountain Power is piloting LO3 Energy’s Pando local energy marketplace platform. Green Mountain Power’s ‘Sun Match’ pilot is aimed to enable low and middle-income customers to benefit from solar power without them having to build their own systems. Have you read?
Australian blockchain pioneer Powerledger’s Montreal Commons project is set to be one of the world’s first carbon neutral apartment buildings. During times of peak demand they can then buy back electricity from the on-site battery at an agreed price. Sign up to our newsletter and stay informed.
Dubai Electricity and Water Authority (DEWA) reports commissioning no less than 11 new substations during the first half of the year – a 400/132kV substation and ten 132/11kV substations – along with 100km of 400kV overhead lines and 132kV underground cables connecting them to the network at a cost of over AED1.7 German energy company E.ON
Pune, India-based Voltreum is set to launch its Volt-X blockchain-based peer-to-peer energy trading application. The company, which has been in development over the past year, has stated its goal as addressing “two of the most critical problems affecting humankind – increasing energy demand and climate change”. Have you read?
A tie-up between Vodafone and Energy Web is evidence that an emerging flexibility services opportunity is luring new players to the energy sector, insiders believe. The endgame is to give an even wider range of devices access to future flexibility services markets, said Energy Web chief executive officer Walter Kok. In the U.K.,
This is my attempt at an "explainer" on blockchain, describing it as simply as I can, and exploring how it may help build the clean grid. Blockchain is everywhere — at least when you’re talking about media coverage. In short, in the words of a recent Wired overview of the technology , blockchain creates “tamperproof databases.”
Capable of recording key wind characteristics such as speed and direction up to and above 200 meters vertical height, her special skills meant #106 was always destined to be a traveler and it wasn’t long before she spread her wings. Read more: How LIDAR is Transforming Remote Solar Sales and System Design. Choosing life with LIDAR.
Australian energy chiefs have welcomed the release today of two reports setting out options for the country’s future electricity market makeup. That's “a fantastic idea we can all get behind,” says Jill Cainey, general manager of networks at Energy Networks Australia. Centralized or decentralized control?
He formerly served as President Obama’s appointee to a US Federal Commission established to assess emerging energy-focused digital technologies. In the emerging energy marketplace, what’s the best role for non-utility market participants? electric vehicles), stationary energy storage and microgrids.
Nearly 30 startups joined our community in the final quarter of 2020, working on innovations as diverse as zinc-ion batteries, long-range weather forecasts, wave energy conversion, and replacements for petrochemical plastics. ELECTRICITY. This energy storage solution is low-cost, flexible, and long-duration. MANUFACTURING.
The new coalition, which brings together a range of thirty organisations from the crypto and blockchain ecosystems, is intended to investigate the potential for these technologies to bring positive benefits to the sustainability agenda. of the national electricityusage – similar to that of all home computers or all the residential lighting.
In the recently completed “NETZlabor Intelligentes Heimladen” (Intelligent home charging) project, eight households in Wangen in the Allgaeu, Germany, used an electric car for all journeys over the course of six months. All e-cars together used electricity for a total of almost 2,600 hours over the entire duration of the project. “We
Statkraft has sold the 36MW Andershaw wind farm in South Lanarkshire to wind power specialist Greencoat UK Wind plc for £120m, with the European renewables major planning to use all of the proceeds from the sale to fund further renewables projects, it announced today.
Often working from home themselves, they empathized with employees and other stakeholders, some refusing to issue layoffs. In 2014, the electrical engineer and MBA became the first woman to lead a U.S. As electric vehicles drive toward the mainstream, General Motors has come full circle as well. and globally by 2040.
The Bitcoin Blockchain Helps Hold A Botnet From Being Taken Down. A strategist’s guide to blockchain examines the potential advantages of this essential innovation—and also suggests a way forward for financial institutions. Blockchain also has potential functions far beyond bitcoin and cryptocurrency. Gox in 2011.
We often take the land for granted, even though - or perhaps because - it is literally the foundation of everything we do, from the materials that make up our homes, workplaces, and transport systems to the source of our food, water, and medicines. And those are the only the most obvious essential services provided by the land.
In this iteration of Smart Energy Finances Weekly, the Asian region shows interest in smart metering and electric vehicle (EV) expansion while flexibility and energy storage continue to prove key markets in the European domain. million smart meters currently deployed and operational. Trilliant’s APAC expansion.
Acea distribution company Areti announced that as of 31 January 2024, one million smart meters were installed on Rome’s electricity grid. The rollout of the Rometrix 2G smart meters was launched in October 2020, with the goal to replace the approximately 1.7 Have you read?
Dr Ana Trbovich, cofounder of Grid Singularity and the Energy Web Foundation, reports on a new study on the financing of energy communities. External financial support is generally only required for energy communities until two regulatory-related conditions are met. The study, titled ‘The decentralised energy system in 2030.
The European Commission has released its action plan for digitalising the region’s energy sector to improve efficiency and renewables integration. Digitalisation, one of the four ‘D’s of the energy transition, is as the ‘enabler’ central to its realisation, cutting across businesses, consumers and technologies alike.
Often working from home themselves, they empathized with employees and other stakeholders, some refusing to issue layoffs. In 2014, the electrical engineer and MBA became the first woman to lead a U.S. As electric vehicles drive toward the mainstream, General Motors has come full circle as well. and globally by 2040.
Through Green Alliance's Tech Task Force programme, we've already investigated the transformative potential of smart green tech in the energy efficiency, transport and construction sectors. For example, robots Tom, Dick and Harry are learning to monitor and tend to crops autonomously, under AI oversight from Wilma.
VERGE Energy Conference (VERGE 20) will take place on October 26-30, 2020. This online event can be attended from anywhere, The central theme at VERGE 20 will focus on how energy systems can be decarbonized, decentralized, digitized and democratized.
An interconnector order from TenneT and TransnetBW for Hitachi Energy to bolster German energy security is the leading news story in this week’s Smart Energy Finance (SEF) Weekly. Hitachi Energy wins order for German interconnector. Image: Hitachi Energy. bp injects £50m into global battery R&D centre.
He/Him/His) Energy & Sustainability Consultant, Cumming Corporation Los Angeles, CA, USA Shorenstein Realty Services (‘15). As an Assistant Project Manager, Trevor Anderson supports his Energy and Sustainability team and their clients on a variety of sustainability consulting services. Ian Champ. (He/Him/His)
Standing alone in the open field, the solar-powered equipment Sheffer shows me could be mistaken for some sort of high-tech scarecrow, but it has a far different job: to monitor and measure the CO 2 in the soil at this farming operation and research center in New York’s Hudson Valley. . In January, Seattle startup Nori raised $1.3
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