Energy Web gets €1 million Google grant to develop blockchain flexibility framework

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The digital framework is intended to coordinate distributed energy resources across the transmission and distribution market interface of Europe’s power grid.

The grant from Google.org’s Impact Challenge programme will see Energy Web building on existing similar use cases under way with the European transmission system operators (TSOs) Elia and 50Hertz and distribution system operators (DSOs) Electra Caldense and Fluvius to develop a Europe-wide flexibility market platform.

The common theme across these projects is easing the digitisation, registration, and participation of distributed energy resources in energy markets managed by both the DSOs and TSOs.

Most recently, this same architecture has underpinned the EasyBat application developed to track the lifecycle of residential and commercial batteries in Belgium.

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The aim is to enable prosumers and distributed resources to easily register and participate in local and regional energy markets. Once integrated both DSOs and TSOs will be able to tap into their flexible capacity.

“This grant [of $1.19 million] and the work it will fund supporting a pan-European electric flexibility market is the culmination of Energy Web’s mission to enable any customer and any asset to participate in any energy market,” explained Walter Kok, CEO of Energy Web.

“We are able to harness the flexibility of prosumers to provide value throughout the electricity value chain to make distributed energy resources the backbone of the European grid.”

Energy Web intends to work on the initiative with mobile network operators, IoT service providers, original equipment manufacturers (OEMs) and grid operators across the region.

Requirements include assigning digital identities to all GSM-enabled energy assets via SIM cards and co-developing SIM cards with electricity sector roaming capabilities that will allow energy assets to directly register with the Energy Web technology stack.

The OEMs also will need to enable new generations of energy assets to directly embed an identity on the stack.

As these providers have proprietary systems and architectures, a key focus will be to ensure interoperability between these systems, including multiple blockchains, and the Energy Web stack.

Ultimately, at least 1 million distributed resources are anticipated to integrate into electricity markets as part of the project.

Google.org’s Impact Challenge on Climate commits €10 million ($11.96 million) to fund bold ideas that aim to use technology to accelerate Europe’s progress toward a greener, more resilient future.