Cheap solar electricity will be traded between neighbouring residents in apartment blocks in Western Australia, enabling peer-to-peer trading of electricity in a project supported by the Australian Renewable Energy Agency (ARENA).
Carsten Reincke-Collon of Younicos continues his look at the potential – and limitations – of using blockchain in the energy system. This second part covers how energy storage and storage management software could be the key to the ‘puzzle’.
Blockchain technology is being touted as the next big step forward in the digitalisation of the energy system. But storage and storage management software are the critical pieces of the puzzle needed to maximise its potential, writes Carsten Reincke-Collon of Younicos.
The digital ledger system blockchain has been both praised and misunderstood in equal measure and its relationship to the physical world of electrons is at its earliest stages of exploration. In the latest ‘Storage & Smart Power’ section of PV Tech Power, Carsten Reincke-Collon, CTO of Younicos looks at how energy storage and management software will interact with blockchain-led or blockchain-like systems of data processing and recording.
E.On has become the first company to have secured an Enhanced Frequency Response (EFR) contract in Britain last year to announce the completion of its project, following the installation and connection of a 10MW battery at a biomass plant last month.
A “first of its kind” collaboration between energy storage provider Sonnen and transmission system operator TenneT will integrate solar and batteries into energy networks in Germany using blockchain technology.