Indian Tech Giant and Australian Startup to Test Energy Blockchain in Microgrid-as-a-Service (MaaS)

With an eye toward India’s growing energy market, a major Indian tech firm and an Australian startup are testing a new microgrid-as-a-service (MaaS) platform this week that uses energy blockchain.

Mumbai, India IT services multinational Tech Mahindra and Australia’s PowerLedger are teaming on the proof-of-concept project at Tech Mahindra’s main campus in Mumbai. Tech Mahindra plans to announce the results at its Mission Innovation conference, tentatively scheduled to take place in Hyderabad Dec. 14-15.

Tech Mahindra is attempting to incorporate secure, distributed, peer-to-peer energy trading, transaction processing and administration into its MaaS platform. The company hopes to market the platform throughout India’s cities and urban areas, as well as to its core client base and others.

“This disruptive technology will provide a model for energy service provision for thousands of communities across India, and this will also benefit markets like the US, Canada and UK for modernization of grids through microgrids,” said Atul Kunwar, Tech Mahindra president and chief technology office.

The MaaS platform will incorporate a variety of generation assets of varying sizes and levelized cost of energy (LCOE), Tech Mahindra said an email interview.

On-site solar PV will be the main source of power generation for the MaaS/energy blockchain test, but the platform will also incorporate diesel generation, wind and some waste-to-energy generation capacity. The exact mix is yet to be determined, but in total, power generation is to be about 5 MW.

Outside of generation capacity, Tech Mahindra is looking to real-time, battery-based energy storage and demand response capabilities to optimize the microgrid. Generation and consumption data will be gathered from various smart metering points on the Tech Mahindra campus.

PowerLedger’s blockchain-based, peer-to-peer energy transaction processing and distributed ledger will complete the platform, providing a financial dispatch model and support for an economically optimized generation mix.

Energy transactions will take place among six generators and five consumption points. The Power Ledger system will equitably allocate energy from the lowest-cost source of supply to satisfy consumer demand. More expensive generation will be traded as demand exceeds the capacity of low-cost, non- dispatchable generation, according to Tech Mahindra.

 

Source : https://microgridknowledge.com/energy-blockchain-maas/

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