- Sep 19, 2019 3:11 pm GMT
This item is part of the Special Issue - 2019-09 - Blockchain in Utilities, click here for more
Take Your Understanding of Transactive Energy from Theoretical to Practical
Get a clear understanding of what Transactive Energy really is and its potential to solve some of the challenges that arise with an increasingly distributed grid. Through an in-depth discussion of transactive energy definitions and real-world case studies, you’ll learn that TxE is not a hypothetical end state, but a solution that is already being actively tested and deployed.
What’s in the Report:
- A detailed explanation of transactive energy systems as comprised of coordinated participants that use automation tools to communicate and exchange energy based on value and grid constraints
- Discussion of the evolving roles of stakeholders in an increasingly distributed grid where transactive energy systems are being used
- Four transactive energy case studies with detailed discussion of objectives, challenges, and outcomes
As the grid evolves, the growth of distributed energy resources (DERs) — particularly behind the meter and out of visibility of the utility — poses challenges to the planning, operation, and oversight of the grid. Transactive energy systems, comprised of coordinated participants that use automation tools to communicate and exchange energy based on value and grid constraints, offer a potential approach forward. This new report breaks down the definition of transactive energy and includes four real-world case studies from utilities:
- Distribution System Platform (DSP) Demonstration in Buffalo, New York
- Microgrid Project in Isle au Haut, Maine
- Olympic Peninsula Demonstration Project in Olympic Peninsula, Washington
- Retail Automated Transactive Energy System (RATES) Pilot in Thousand Oaks, California
The included case studies show that transactive energy systems can employ a wide range of technologies including, but not limited to, solar, energy storage, demand response, smart meters, and distributed ledger technologies. Pilots today range from one-way automated price signals incentivizing behavior to two-way pricing and are demonstrating real-world applications for the grid.
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