The future of Energy & Utilities with Blockchain & IoT€¦ · Old Grid Vs Smart Grid Central...
Transcript of The future of Energy & Utilities with Blockchain & IoT€¦ · Old Grid Vs Smart Grid Central...
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The future of Energy & Utilitieswith Blockchain & IoT
Prashant K Singh
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CENTRALIZED DECENTRALIZED
Energy Web: “Plug and Play” and “Peer to Peer”Old Grid Vs Smart Grid
Central generation One-way flows Central control Dummy loads
Transactive energy modelDistributed generation
Two-way flowsDistributed storage Distributed ControlResponsive loads
Loads/ Local Generation IoT enabled
The future of Energy
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Transactive Energy & IoT
SMART HOME SMART ENERGY ECOSYSTEM
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Network – Transmission &
Distribution
Consumer & Prosumers Market Regulatory
Blockchain applications across value chain
• Grid Management
• Smart Meter Utility
• Supplier switching
• Supplier switching
(KYC)
• Government utility
subsidy
• P2P Energy & Utility
trading
• Energy commodity
Trading & Ops
• Community P2P
markets
• EV share & charge
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First Blockchain Energy project - “Brooklyn Grid”
TransActive Grid (Lo3 Energy and ConsenSys)Siemens Digital Grid Division, specific microgrid
Regulatory - Reforming the Energy Vision
President Street, Brooklyn
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Energy Market – Transactions
TransGrid Application view
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Energy Market – Sharing economy future
Smart Meter Proliferation -Transact and price energy with Microgrid neighbors directly
Price, green energy, clean signals, social good Multi-factor tokens Reputation system
Smart Grid Technology
Transactive, distributed consensus intelligence system developed to control Microgrids
Based on open source, cryptographically-secure protocol layer
Military-grade cybersecurity and real-time data
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Charterer
Vessel Vetting
KYC/AML
Vessel
VoyageOperations
Port Agency
Commercial
Demurrage
Settlements
Shipping ProcessEnergy Trading Process
Setup
Trade request
Recap
Contract
Chartering
Financing
Voyage Ops
Invoicing
Settlements
Energy commodity trading ecosystem
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Energy commodity trading ecosystem
TRADE EXECUTION & CONTRACT PHASE
TRADE FINANCE & SETTLEMENT
SCHEDULING PHASE & VOYAGE
Blockchain applications
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EV charging & sharing
EMotorWerks
Innogy, Subsidiary of RWE
BlockCharge
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Share & Charge – Application view
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Energy Consortium
EWF is an alliance body aimed at introducing an open-source blockchain designed for the electricity market, identifying use cases & helping build an ecosystem of participants.
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Blockchain Firms in ENU
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Thank you
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Refernces
• AP Energia
• World Energy Council
• Transactive Grid
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Leading Energy Blockchain Firms
DESCRIPTION
Pulled in $5.3 million in funding from Tokyo Electric Power Company and others in July
INVESTMENTS
Conjoule offers a blockchain platform designed to support P2P trading of energy among rooftop PV owners & interested public-sector or corporate buyers.
Raised $2.1 million in May and is currently operating in New York City
Seattle-based Drift is leveraging DLT, machine learning and high-frequency trading to create a differentiated competitive retail energy provider.
-Greeneum is running test nets and pilots for its peer-to-peer energy trading platform “in Europe, Cyprus, Israel, Africa and the U.S.
Grid+ last month raised $29 million through its token pre-sale
Blockchain-based competitive retail provider in Texas. The hype was partly a result of Grid+’s origins: It was created by ConsenSys.4
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Leading Energy Blockchain FirmsDESCRIPTION
Pulled in $5.3 million in funding from Tokyo Electric Power Company and others in July
INVESTMENTS
Conjoule offers a blockchain platform designed to support P2P trading of energy among rooftop PV owners & interested public-sector or corporate buyers.
Raised $2.1 million in May and is currently operating in New York City
Seattle-based Drift is leveraging DLT, machine learning and high-frequency trading to create a differentiated competitive retail energy provider.
-Greeneum is running test nets and pilots for its peer-to-peer energy trading platform “in Europe, Cyprus, Israel, Africa and the U.S.
Grid+ last month raised $29 million through its token pre-sale
Blockchain-based competitive retail provider in Texas. The hype was partly a result of Grid+’s origins: It was created by ConsenSys.4
3
2
1