UK launches first blockchain-based grid asset register

Project partners Electron, the UK National Grid Electricity System Operator, SP Energy Networks and UK Power Networks have created the “first-of-its-kind” register.

The new system will record all of the country’s grid-linked storage infrastructure and power generation.

The project, dubbed “RecorDER” will order existing sets of data, improving both the visibility, and availability of electrical asset information, and in so doing it is hoped the technology can assist in the enabling of new systems to boost decarbonisation efforts, whilst improving forecasting and modelling to reduce overall grid operating costs.

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Many consider block-chain’s potential to lie in shared information, with data hosted by all parties, negating the need for a central system “host”.

Phase 1 of the project will focus on installed grid assets with a capacity of 1MW or higher, and will later incorporate further Distribution Network Operators, whilst helping map smaller power projects.

Jo-Jo Hubbard, CEO and Co-Founder of Electron, said: “This is a great example of networks collaborating to deliver benefits to their customers.

“We are delighted to be working together with such key, forward thinking industry partners on a shared asset register. This is an important first step in the process of integrating distributed assets and allowing them to play their full role in balancing the electricity system.”

We spoke to Jo-Jo Hubbard at the 2018 European Utility Week, about the future of blockchain in a smart energy environment. Here’s the video.