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Energy Demand and Generation Exchange

A distributed energy resource marketplace that enables aggregators to deliver a range of electricity services while helping distribution utilities efficiently manage their networks
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Introduction

What is project EDGE ?

Project EDGE is a flagship initiative trialing the capability for distributed energy resources (DER) to provide both wholesale and local network services within the limits of a local network. Supported by innovative open source technology, EDGE facilitates learnings to support the transition from one-way energy supply to a system that maximises the value of DER for all consumers through digitization and integration of DER into Australia's power systems and markets

How does it work?

The green charging solution is a digital framework for tracing renewable energy used to charge electric vehicles with an integrated payment solution. Energy Web, Vodafone, and Mastercard integrated their systems into a unified solution that validates and matches data throughout the whole lifecycle of the charging process.
Create DID’s
First, digital identities for organizations and assets participating in the EDGE marketplace are created. Currently, EDGE is focused on integrating with DER via aggregators in Eastern Australia.
Market Rules Defined
Second, organizations—in EDGE’s case AEMO and AusNet— define specific rules for market participation at both the wholesale and local levels.
Enroll into EDGE
Next, digital identities enroll to the platform in order to participate in energy markets and programs
Participate in Market
Enrolled identities can then participate in the wholesale market (at the transmission level, operated by AEMO) and/or the EDGE local services exchange (at distribution level, managed by AusNet). The Energy Web technology stack is used to share secure messages and data, such as operating envelopes, amongst enrolled identities

Who is building the solution project?

Under Project EDGE, AEMO is collaborating with Aggregator Mondo and Distribution Utility AusNet to demonstrate how aggregated DER can deliver multiple energy services at both the wholesale and local network levels. 

The digital infrastructure is based on the Energy Web’s open-source stack and integrates with technology systems operated by Australian market participants. It leverages market intelligence software from PXiSE and uses Microsoft Azure cloud computing resources to integrate with AEMO and external partner systems

Benefits

1

Interoperable by design
The technology underpinning EDGE is a shared, Australian digital infrastructure jointly powered by actors across the energy industry that produces benefits for all Australians.

2

Open Source
The underlying software is Open Source, informed by requirements from dozens of energy companies from around the world. No vendor lock-in, no licensing fees.

3

Low Cost
EDGE's architecture is a public commons, eliminating the need for siloed IT investments from different market participants.

4

Private
Use of decentralised identifiers for digital identity ensures compliance with current and future privacy-protecting legislation in Australia (e.g., Privacy Act) and internationally (e.g., GDPR)

5

Accelerating Innovation
The marketplace’s design provides significant opportunities to experiment and innovate with business models, data access, trust and transparency, operational capacities, and niche applications.

What’s next

EDGE is only the beginningof Energy Web’s technology approach By applying this approach to other legacy energy market processes, we can unlock even more societal value. Examples include

Enhancing The Australian DER Register

The technology being deployed under EDGE can also be used to help the DER register become more dynamic in order to, for example, host smart inverter settings in close to real-time as they change.

Enabling Dynamic Retail / Aggregator Supplier Switching

An identity-based approach makes switching between retailers and/or aggregators simple and easily traceable amongst multiple market participants.

Supporting Real-Time Certificate Issuance For Renewable Electricity Accounting

Corporates and grid operators around the world are experimenting with new renewable energy accounting systems that attempt to match load with renewable energy supply 24 hours a day, 7 days a week, instead of using certificates to achieve “net zero” in a given timeframe.

01
Introduction
02
How does it work?
03
Who is building?
04
Benefits
05
What's next?
  • Energy Demand and Generation Exchange

    A distributed energy resource marketplace that enables aggregators to deliver a range of electricity services while helping distribution utilities efficiently manage their networks
    Swipe to start
  • Introduction

    What is project EDGE ?

    Project EDGE is a flagship initiative trialing the capability for distributed energy resources (DER) to provide both wholesale and local network services within the limits of a local network. Supported by innovative open source technology, EDGE facilitates learnings to support the transition from one-way energy supply to a system that maximises the value of DER for all consumers through digitization and integration of DER into Australia's power systems and markets
    01Introduction
    Next
  • How does it work?

    The green charging solution is a digital framework for tracing renewable energy used to charge electric vehicles with an integrated payment solution. Energy Web, Vodafone, and Mastercard integrated their systems into a unified solution that validates and matches data throughout the whole lifecycle of the charging process.
    Create DID’s
    First, digital identities for organizations and assets participating in the EDGE marketplace are created. Currently, EDGE is focused on integrating with DER via aggregators in Eastern Australia.
    Market Rules Defined
    Second, organizations—in EDGE’s case AEMO and AusNet— define specific rules for market participation at both the wholesale and local levels.
    Enroll into EDGE
    Next, digital identities enroll to the platform in order to participate in energy markets and programs
    Participate in Market
    Enrolled identities can then participate in the wholesale market (at the transmission level, operated by AEMO) and/or the EDGE local services exchange (at distribution level, managed by AusNet). The Energy Web technology stack is used to share secure messages and data, such as operating envelopes, amongst enrolled identities
    02How does it work?
    Next
  • Who is building the solution project?

    Under Project EDGE, AEMO is collaborating with Aggregator Mondo and Distribution Utility AusNet to demonstrate how aggregated DER can deliver multiple energy services at both the wholesale and local network levels.

    The digital infrastructure is based on the Energy Web’s open-source stack and integrates with technology systems operated by Australian market participants. It leverages market intelligence software from PXiSE and uses Microsoft Azure cloud computing resources to integrate with AEMO and external partner systems
    03Who is building
    Next
  • Benefits

    1

    Interoperable by design
    The technology underpinning EDGE is a shared, Australian digital infrastructure jointly powered by actors across the energy industry that produces benefits for all Australians.

    2

    Open Source
    The underlying software is Open Source, informed by requirements from dozens of energy companies from around the world. No vendor lock-in, no licensing fees.

    3

    Low Cost
    EDGE's architecture is a public commons, eliminating the need for siloed IT investments from different market participants.

    4

    Private
    Use of decentralised identifiers for digital identity ensures compliance with current and future privacy-protecting legislation in Australia (e.g., Privacy Act) and internationally (e.g., GDPR)

    5

    Accelerating Innovation
    The marketplace’s design provides significant opportunities to experiment and innovate with business models, data access, trust and transparency, operational capacities, and niche applications.
    04Benefits
    Next
  • What’s next

    EDGE is only the beginningof Energy Web’s technology approach By applying this approach to other legacy energy market processes, we can unlock even more societal value. Examples include

    Enhancing The Australian DER Register

    The technology being deployed under EDGE can also be used to help the DER register become more dynamic in order to, for example, host smart inverter settings in close to real-time as they change.

    Enabling Dynamic Retail / Aggregator Supplier Switching

    An identity-based approach makes switching between retailers and/or aggregators simple and easily traceable amongst multiple market participants.

    Supporting Real-Time Certificate Issuance For Renewable Electricity Accounting

    Corporates and grid operators around the world are experimenting with new renewable energy accounting systems that attempt to match load with renewable energy supply 24 hours a day, 7 days a week, instead of using certificates to achieve “net zero” in a given timeframe.

    05What’s next
    End