With the aid of blockchain, Europe’s first blockchain project for grid service has started. The transmission system operator TenneT and the battery manufacturer sonnen have started to use the Blockchain from now on in a pilot project.
The value chain in the energy industry no longer is traditionally linear but increasingly circular. This, as well as “behind-the-meter” business models, leads to ideas for digitalisation and the application of Blockchain. Which use cases are considered and what is already being tested today will be explained in this article.
The Energy Brainpool GmbH & Co. KG, the independent energy market expert from Berlin, releases the outlook on the development of the energy prices twice a year – the EU Energy Outlook 2050. The power price scenario covers all 28 countries of the European Union plus Norway and Switzerland.
The marketing activities of electricity suppliers often appear somewhat desperate. Boring, interchangeable messages and temptations with uninspiring switching bonuses such as iPads, fitness trackers and co. rarely persuade customers to change their electricity contracts. Change of provider, cost comparison, security of supply are confusing keywords. Technically, everything is fine in the “engine room of life”, isn’t it? Tobias Kurth, managing director at Energy Brainpool and Eike Dehning, holder of dhng Consulting discuss what this means. Both have been observing the developments of the energy market for a long time.
Transmission system operator Tennet and storage supplier Sonnen aim to interconnect photovoltaic home storage systems and to apply them in a way that assists the power grid. In the pilot phase, flexibility consisting of 24 MW storage capacity will be used as battery-related redispatch in order to reduce the feed-in management (curtailment) of wind energy.
For the sixth time already Energy Brainpool has hosted the symposium “Electricity Market of the Future”. From 21st to 22nd of March 2017 experts from business, science and politics discussed current topics of the German and European energy sector. The symposium revolved around the question how the electricity market could be further developed. In detail, future regulation mechanisms, energy storage, the future of short-term trading, possible price drivers in global commodity markets, as well as opportunities and risks of big data, blockchain and digitalisation were discussed.
The technology giant and the Beijing-based Energy-Blockchain Labs want to use the new platform for allowing its users to manage their carbon assets. With the help of blockchain technology they want to improve efficiency in China’s national carbon market, which will be opened during 2017.