Blockchain-Based Market Approach to Non-Wires Alternatives
- Sep 25, 2019 4:31 pm GMT
This item is part of the Special Issue - 2019-09 - Blockchain in Utilities, click here for more
Global spending on NWAs is forecasted to grow from $63 million in 2017 to $580 million in 2026, according to Navigant Research. More and more distributed energy resources (DERs) are being connected to the grid every day. Utilities and grid operators must find ways to work with these assets and incentivize how they operate in order to provide the lowest cost, lowest carbon grid for consumers that also maximizes reliability.
One way utilities and grid operators have begun to do this is by deploying non-wires alternatives (NWAs). In November 2018, SEPA published a report, "Non-Wires Alternatives: CASE STUDIES FROM LEADING U.S. PROJECTS,” that featured 10 case studies from utilities implementing NWAs. The report was a joint effort between E4TheFuture, PLMA, and SEPA. A key part of the report was the information on best practices and lessons learned from leading utilities who have deployed DERs for NWAs. It revealed major opportunities for improvement. A blockchain-based transactive market approach would be a better solution to the challenges discussed in SEPA’s report than the traditional bilateral and proprietary vendor solutions that are typically deployed today. Here are three examples that illustrate why.
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