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Accelerating energy transition by forming virtual power plants on blockchain

Renewable Energy World

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. Australia has the highest uptake of solar globally, with more than 2.68 Increase in DER integration.

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First carbon neutral apartment building coming on blockchain

Smart Energy International

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.

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Trending Sources

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As Renewables Surge, Australia Ponders Options for Demand Response Market

GreenTechMedia

Australian energy chiefs have welcomed the release today of two reports setting out options for the country’s future electricity market makeup. One of the big questions is around demand response, and who will oversee a market that has only started emerging in Australia. Centralized or decentralized control?

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Technology Trending: REC transactions and energy consumption matching

Smart Energy International

EDF leads a proof-of-concept on automating renewable energy transactions and Eurelectric’s study on the benefits of matching energy consumption with clean energy on a (near) real-time basis are on the week’s technology radar. Have you read?

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Technology Trending: What to look out for in 2024

Smart Energy International

Decentralisation, blockchain and AI, the future grid and the space race are some of the areas in which numerous advances have been made in 2023 and are set to continue during 2024. In the UK again, Octopus reported that one million customers had signed up for a demand flexibility scheme for the current 2023/24 winter season.

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Tech giants back 24/7 carbon-free energy start-up

Business Green

Google and Microsoft among investors to back FlexiDAO as it seets to roll out its clean power software platform globally. in an investment round led by SET Ventures with additional investment provided by existing investor EIT InnoEnergy. FlexiDAO announced this week that it has raised $6.5m

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The emerging “non-utilities”—EVs are helping new players in the energy marketplace.

Charged

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.