What the blockchain? – The impact on transactive energy, network resilience & IoT
Blockchain technology has the highest impact on transactive energy, network resilience and IoT investment. Engerati analysts and industry experts join in this live energy webinar.
Blockchain technology has created a buzz in the energy sector. This webinar will focus on the impact of this technology for utilities and aim to unpick the myths from the reality.
It is not energy companies which are aggressively driving these investigations forward, but entrepreneurs, laboratories, and even financial market operators that are exploring opportunities presented by decentralisation.
An overview of current proof cases of blockchain technology by Engerati's chief analyst Carol L. Stimmel points to three key impact areas, which will be presented by our panel of leading experts.
Impact 1: Transactive energy
Scott Kessler will discuss Lo3 Energy and Brooklyn Microgrid as case studies for blockchain applications in the real world. Transactive energy represents a loosely bound collection of approaches that use economic signals and grid information to coordinate devices on the distributed electric power system. Blockchain may be the missing piece of the puzzle that finally allows new energy market constructs to emerge from the lab and move into the field.
Impact 2: Network Resilience
Erwin Smole from Grid Singularity will discuss the requirements and benefits for different applications and smart contracts. From renewable certificates, to asset management tools, to the possibility of grid operation with blockchain. A distributed power relationship using blockchain can help mitigate and avoid grid destabilisation. A transactional network provides enhanced resiliency and reliability wherever improved flexibility and efficiency meet unique local requirements.
Impact 3: Maximising IoT Investments
Improved grid efficiency and optimisation requires a fully controllable and flexible system with embedded intelligence from substation to meter. Our panel of experts will discuss if blockchain could be the technology that allows the IoT to share information efficiently, reliably, and securely.
Following our presentations, you will have the chance to submit your questions to our experts. You can also share opinions online with your peers and understand the fundamental impact areas and opportunities to your business afforded by this technology.