Alectra Partnered With Sunverge To Distribute Power Via Blockchain

The Canada-based utilities company teamed up with Sunverge, a company that let utilities control distributed renewable energy on the utility grid, to validate how blockchain can be leveraged to support the energy sector.

Alectra-Partnered-with-Sunverge-to-Distribute-Power-Via-Blockchain

Alectra Utilities together with Sunverge Energy are deploying two new programs that will broaden the scope of Alectra’s use of the Sunverge Dynamic Virtual Power Plant (VPP) Platform, September 24.

Partnership To Reduce Green House Gas

Alectra-Sunverge-logoThe two companies will reportedly deploy the Net Zero Energy Emissions (NZEE) program and a distribution level ancillary services market platform powered by blockchain. Aside from Alectra’s extensive use of the VPP platform, the two other programs will also be a part of their ongoing strategic initiatives in decentralizing the grid through distributed energy resources and value creation using the new services.

The aim of the NZEE is to “optimize the use of electric and gas resources to reduce Green House Gas (GHG) emissions and move towards NZEE,” Sunverge stated in their press release.

Vikram Singh, Director of Advanced Planning at Alectra Utilities, further explained:

“Our goal is to leverage decentralization in many forms to responsibly create greater value and new services for our customers and community. Our initial investments in DERs and VPP technology have proven it works and our choice of Sunverge has enabled us to continue our innovation.”

The NZEE program is made up of hybrid-heated homes in the community with Sunverge’s DER platform controlling, managing, and optimizing electric demand management (with solar PV + storage) and thermal load control. By doing so, they are able to automatically and consciously switch between electricity and natural gas for thermal and energy needs based on the bulk power grid’s GHG emissions.

Then, the Sunverge Dynamic VPP platform will receive real-time grid supply emissions data to get optimal operation between gas and electricity. It will also coordinate across solar PV, energy storage, micro-combined heat and power (mCHP) with integrated air source heat pump, EV charger, thermostat and hot water heater controllers. According to the release, this is in order to minimize greenhouse emissions on and aggregated community wide VPP basis.

Blockchain Powering the Energy Sector

Alectra Utilities also reportedly chose Sunverge to be one of the first technology vendor to integrate with their upcoming blockchain-based transactive energy platform. Designed and implemented by Alectra, the platform will facilitate compliance, contracting, and settlement distribution level market services. The target is to verify how blockchain can be leveraged to support the energy sector by tracking and assigning attributes and value to the generation of renewable energy that can be traded among parties with minimal cost.

Sunverge CEO Martin Milani said:

“Alectra is very creative and forward thinking in their approach to leveraging our platform. Our business relationship is leading the way to combining technology with new business strategies and services that will better serve the interests of the utility, the community, and the market as a whole.”

To provide the requisite ledger transactions for settlement, the Sunverge VPP platform will control the energy storage and EV chargers for localized demand response events, as well as EV load shifting programs, interface with the blockchain platform, GHG reduction programs, and residential solar PV. Availability, response time, duration, and all other aspects of market participation will be measured and instantly verified on the blockchain, Sunverge added.

At the same time, Dubai Department of Finance partnered with the Smart Dubai Office (SDO) to launch a blockchain-enabled payment and settlement system. The platform developed, called “Payment Reconciliation and Settlement,” is an upgrade of the emirate’s current financial system, Ibinex News reported yesterday.

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Alectra Partnered With Sunverge To Distribute Power Via Blockchain
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Alectra Partnered With Sunverge To Distribute Power Via Blockchain
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The Canada-based utilities company teamed up with Sunverge, a company that let utilities control distributed renewable energy on the utility grid.
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Ibinex News
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