Blockchain Grid
Based on blockchain technology, retrieval of flexible capacities in distribution grids.
The increasing number of producers of renewable energy and of new consumers within the energy grid, such as electric vehicles, creates a challenge in low-voltage electrical grids.
The “Blockchain Grid” project investigates the question of how electricity produced by various producers on the basis of fluctuating renewable energy sources can be optimally fed into the grid by using a flexible system of free grid capacities. The aim is to develop an application that allows users to autonomously share free network resources among themselves. Blockchain technology, in which data is managed decentrally and end users can thus actively participate in the energy system as “prosumers”, is very suitable for such endeavours.
The first step is to analyze technical and organizational requirements that enable the sharing and control of excess capacity. In a low-voltage grid in Heimschuh in Styria, the development of a blockchain-based power distribution is being tested under real conditions. Particular attention is also being paid to the creation of an appropriate legal framework.
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The following model solutions are being developed in the Blockchain Grid project:
BLOCKCHAIN-BASED PEER-TO-PEER TRADING
BLOCKCHAIN-BASED BATTERY STORAGE
BLOCKCHAIN-BASED MANAGEMENT OF NETWORK UTILIZATION
Media reports on the project
Blockchain grid in the fast lane
The increasing number of generators from renewable energy - for example, through own photovoltaic systems - and consumers, such as electric vehicles, are creating new challenges in low-voltage electrical grids.
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