A look at the potential applications and promise of block chain in the energy sector

A look at the potential applications and promise of block chain in the energy sector

4 Oct 2018, 1:00 PM - 2:20 PM

Room 219
Language:
English (Australia)

Chair: Brett Freeman,  Founding Partner - JSON Capital & ICO Advisor - Energy Premier

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Blockchain Strategic Initiatives and Implementation

Sonia Mundra, President, Chenega Analytic Business Solutions, LLC (CABS)

All technologists and non-technologists should consider the use of blockchain as a new and exciting arrow in their quiver, as it relates to the provenance and tracking of a digitized record and automation of transactions.

The implications of a more efficient and more secure method of storage and way of transacting lends itself to the following use cases, which will be discussed in detail and through real-world examples: increased efficiency IT and financial auditing; blockchain’s use in credentialing and validation of personally identifiable information (PII); blockchain’s role in voting and elections; and the use of smart contracts to make and validate transactions. 

When it comes to implementation, traditional program structuring and deployment will not work well for blockchain technology. When we implement a new technology, we need to understand first what it is, potential use cases such as tracking the provenance and transfer of a digital asset, what we hope to accomplish, and then how we can implement to reduce the most risk to the organization. This includes determining if blockchain encryption is a good fit for the assets, determining if the organization is ready for the change (change management) and the role of training, UX and security. 

This session will discuss how to reduce risk to the organization, as a poorly planned implementation can create turmoil and waste lots of time and money including a loose structure that can be applied as a baseline and then customized based on the needs of the organization.

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Enabling the transition to the Grids of the future via intelligent energy storage & Blockchain Technology

James Sturch, Technical Business Manager AUS/NZ, Sonnen Australia 

The challenge to enable the transition to the gird of the future utilizing all of the renewable resources available would seem to simply be to build a large commercial scale PV system with massive house battery, alternative, more effective options exist however.

In Wildpoldsried, Bavaria, where the HQ of Sonnen is situated and population in excess of 2,500 people has proven grid connected mini-grid in principle. With its high penetration of solar plus storage the town has proven the mini-grid theory by demonstrating a black start situation, so bringing back online and running the grid supplying the entire town from the existing embedded storage plus renewable contribution once the main grid interconnector was disconnected. Having proven this technical challenge opens the future possibilities of delivering micro-grid systems in Australia as well as globally. (Case study and further technical explanation to be delivered within the presentation)

The opportunity for the future grid can easily be viewed from two ends of the process as there are key benefits to both facing entities of the concept. For end users / consumers, to have networked systems all joined through a common retail trading platform such as sonnenCommunity will share for them the risk and burden of unreliable production, differing user profiles as well as seasonality. The greater grid, also with fluctuating production and demand cycles can be supported by the model via demand response and energy trading on markets such as the FCAS all bringing to the end user / consumer financial and electrical independence. (Case study and further technical explanation to be delivered within the presentation).

The challenge as always though is communication and visibility. To overcome this, sonnen and power grid operator TenneT in Germany plus IBM have all partnered to successfully launch a series pilot projects integrating storage batteries into the power supply system via a blockchain solution. 

TenneT is the first power grid operator to use decentralized residential storage batteries that are networked via blockchain to stabilize the grid. With the flexible use of storage batteries by sonnen it is reducing emergency measures required to stabilize the network. After a successful pilot phase, blockchain technology can now be further expanded via an open source-based solution by IBM. Both sonnen and TenneT emphasize that this collaboration is the first of its kind, and a pioneering step forward for the future integration of renewable energies. Using a blockchain solution developed by IBM, and residential storage batteries from sonnen, the TenneT project intends to ascertain the extent to which these technologies help reduce the need for emergency measures, such as the regulation of wind parks, when the grid experiences bottlenecks. By interlinking residential storage batteries using sonnen eServices, the batteries’ intelligent charging management software adjusts independently to reflect changes in the TenneT grid status. Following this launch, TenneT and sonnen are facilitating better integration of renewable energies into the power supply system. (Case study and further technical explanation to be delivered within the presentation)

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Peer to Peer energy markets using blockchain – insights from a virtual trial

Neil Gibbs, Executive Chairman, Marchment Hill Consulting

This presentation will explore results from an ARENA-funded virtual trial also involving AGL and IBM:

  • Identifying and valuing P2P trading markets
  • Applicability of Distributed Ledger Technology
  • Evolving network pricing to realise economic and grid benefits

Contributors

  • Brett Freeman

    Chairperson

    Founding Partner - JSON Capital & ICO Advisor

    Energy Premier

    Brett Freeman is experienced in Venture Capital, marketing, and all stages of blockchain ICO fund raising. He is a specialist of disruptive...

  • Sonia Mundra

    Speaker

    President

    Chenega Analytic Business Solutions, LLC (CABS)

    Ms. Sonia Mundra is the President of Chenega Analytic Business Solutions (Chenega ABS), an Alaska Native Corporation (ANC) and Small Disadvantaged...

  • James Sturch

    Speaker

    Technical Business Manager AUS/NZ

    Sonnen Australia

    An honors degree in Industrial Design, post graduate qualifications in photovoltaics plus full CEC accreditation for both grid-connect and off-grid...

  • Neil Gibbs

    Speaker

    Executive Chairman

    Marchment Hill Consulting

    Neil’s current roles include Chairman of Marchment Hill Consulting, i.n. concepts and the Clean Energy Council’s Distributed Energy Leadership Forum....

Opening Times
Wed 3 Oct Exhibition 9.00am – 5.00pm
Wed 3 Oct Networking Event 5.00pm - 6.30pm
Thur 4 Oct Exhibition 9.00am – 5.00pm

Registration opens 8.00am

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