LO3 Blockchain to Connect Microgrids to European Wholesale Power Market

blockchain

LO3 Energy and European electricity exchange EPEX Spot plan to develop blockchain energy trading and transaction systems to link microgrids with the European wholesale power market. Staging an international launch event in Paris this week, EPEX Spot and New York-based LO3 Energy signed a memorandum of understanding to share their … [Read more...]

New GTM Report Forecasts $12.5B Microgrid Investment within US by 2022

microgrid investment

A report released today by GTM Research forecasts $12.5 billion in microgrid investment within the United States over the next six years. “U.S. Microgrids 2017: Market Drivers, Analysis and Forecast” identifies 3.2 GW of existing microgrid capacity growing to 6.5 GW by 2022, a 14.1 percent compound annual growth rate. The report shows a … [Read more...]

Microgrid Technology May be Taking Off Faster than Expected

microgrid technology

Rapid disruption in the electric power world has skeptics changing their minds about how quickly microgrid technology will take off. Demand Energy's Doug Staker says he numbers himself among them. With the business case proving itself more quickly than many originally envisioned, microgrid technology is going to “accelerate faster than most … [Read more...]

Tanzania’s Mini-grids and the Pitfalls and Potential of the Pan-Africa Microgrid Market

Tanzania’s mini-grids

Eliminating energy poverty looms large among the 17 main goals that make up the UN’s strategic sustainable development agenda. Sub-Saharan Africa, where more people lack access to electrical power than any other major world region, is a focal point for associated efforts. Mini and microgrids are playing a growing role. More than 70 percent of … [Read more...]

Maryland Utility Proposes $44.2M Pilot for Public Purpose Microgrids

public purpose microgrids

Pepco has filed a $44.2 million proposal with Maryland regulators to build two public purpose microgrids, designed to keep power flowing to essential societal services during a grid outage and bolster utility operations on normal days. The Exelon subsidiary petitioned for approval of the microgrids before the Maryland Public Service … [Read more...]

Major Australian Power Retailer Trials Peer-to-Peer Energy Trading

blockchain energy trading

Sophie Vorrath of One Step Off the Grid describes a new peer-to-peer blockchain energy trading trial underway in Australia. Another of Australia’s major power retailers, Origin Energy, has dipped its toe into the peer-to-peer energy trading future, with the launch of a trial with Perth-based blockchain energy market provider, Power … [Read more...]

Stacking Energy Storage Values to Make Batteries More Profitable: Brattle Report

stacking energy storage

Stacking energy storage values -- capturing many value streams -- can lead to profitable projects, even at current storage costs, according to a new report from economists at The Brattle Group. The report, "Stacked Benefits: Comprehensively Valuing Battery Storage in California," focuses on California, but its conclusions apply generally to the … [Read more...]

Australian Start-up Launches Distributed Energy Exchange

Sophie Vorrath of RenewEconomy describes a new distributed energy exchange by GreenSync that facilitates energy transactions between businesses, households, communities and utilities. Melbourne-based tech start-up GreenSync has officially launched its potentially game-changing trading platform for distributed energy resources – a technology the … [Read more...]

Wondering if Energy Storage Can Reduce Your Demand Charges?

demand charges

If you’ve heard that energy storage can reduce what you pay in demand charges, and you’re wondering if it would work for your operation, check out a paper issued today by the National Renewable Energy Laboratory (NREL) and Clean Energy Group (CEG). The paper finds that 25 percent of commercial customers in the U.S. – five million – pay demand … [Read more...]

New York Launches REV Connect: The Start of Energy’s Amazon?

REV Connect

New York took its next big step toward creating what some describe as the Amazon.com of distributed energy with yesterday’s unveiling of REV Connect, a digital portal for market players to buy and sell services and products. REV Connect is the latest move by New York to enact its Reforming the Energy Vision (REV), a massive rethinking of how … [Read more...]