- Jan 23, 2020 6:25 pm GMT
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In the years ahead, Austria expects customers to connect more than 1 million DERs—from solar PV to batteries to EVs—to the country's power grid. They’re now asking the same question that grid operators worldwide are beginning to ponder: how can they realistically integrate and transact with those devices in an efficient and low-cost manner?
Their answer is unfolding in the form of decentralized technology solutions, like blockchain.
This week Austrian Power Grid AG (APG) and Energy Web Foundation (EWF) announced a proof of concept that will leverage small-scale DERs to help regulate and balance their electricity grid. The PoC will streamline processes like pre-qualification and registration of devices, settlement of energy transactions, and more. Historically, APG has kept the country’s grid humming along at 50 hertz frequency through cross-border balancing, but the coming wave of DERs provides a new resource.
EWF is making this possible through their newest offering: The Energy Web Decentralized Operating System (EW-DOS). This stack of software and standards uses decentralized technologies, (including but not limited to EWF’s own blockchain), to help facilitate transactions between billions of assets, customers, grid operators, service providers, and retailers.
Renewable Energy World explores the PoC in their recent article.