In an important step forward for the energy transition, some of Europe's biggest Transmission System Operators (TSOs) are collaborating on a new blockchain-based platform, enabling the integration of small and distributed consumer-based units into the electricity-balancing process. Owners of consumer devices, electric vehicles, for example, can earn money making "flexible" their interaction with the electric grid via an aggregator, affording them an active role in grid-balancing and with that in the entire energy transition.
The new platform, Equigy, will set a new European standard and allow three of Europe's national TSOs - the entities tasked with transporting energy and balancing supply and demand - to work together to enhance and improve the integration of renewables, providing more flexibility to mitigate their aleatory effect on the grid. Among other initiatives of its kind in Europe, this is seen as the most viable collective approach, offering standardization, a common approach from TSOs with neutral governance, and the opportunity for scale-up.
The consortium of Swissgrid, TenneT, and Terna will launch the platform in the Netherlands, Germany, Italy, and Switzerland, using it to help balance the power system. Denmark's Energinet has formally expressed its intention to join the consortium, which will extend Equigy's European roll-out to five countries.
The platform will unlock the potential of small units. The value and effectiveness of the blockchain technology on which it is based have been tried and tested through a number of pilots. TSOs can use the distributed capacity offered by a wide range of sources, including electric cars, heat pumps, water boilers and domestic batteries in private homes. For owners of electric vehicles, the process is enabled by using bidirectional (two-way) chargers, allowing them to sell their flexibility by injecting electricity in the grid. Equigy's platform will validate all these transactions using blockchain technology.
Source : https://www.advancedbatteriesresearch.com/articles/20581/european-grid-operators-launch-flexible-blockchain-platform
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