Challenge and objective

  • Increased installation of RES in distribution grid. Establish local energy market to maintain the power quality.

Work performed

  • Technical, economic and regulatory analysis with use of blockchain technology.

Significant results

  • A blockchain solution is more expensive than a database solution when it comes to development costs. A blockchain solution presents new market possibilities, which could result in a more efficient market, and hence be more economically beneficial.
  • The technology behind blockchain could provide arguments for changing today's regulations, and make it possible for end users to participate actively in an energy market.

Impact for distribution system innovation

  • Increased knowledge related to use of blockchain technology for operating a local energy market.
Supply and demand before (left figure) and after allocation (right figure)
Supply and demand before (left figure) and after allocation (right figure)

Hanne Sæle

WP3 Lead
+47 901 74 048
Name
Hanne Sæle
Title
WP3 Lead
Organization
SINTEF Energi AS

 

Reference in CINELDI