By 2030, customer investment in distributed energy resources (DERs) is expected to increase tenfold to over $2 trillion, nearly three times greater than today’s global utility investment in generation, transmission, and distribution assets. That number doesn’t even include global smart meter deployments, whose market penetration is forecast to reach 59% by 2028, up from 41% (780 million) today.
Grid operators—including vertically integrated utilities, distribution system operators (DSOs), and transmission system operators (TSOs)—will need to scale processes for asset registration, pre-qualification, dispatch, and settlement for these millions (and eventually, billions) of DERs, including rooftop solar, storage, building controls, smart appliances, and electric vehicles.
Digital solutions like our EW Flex software development toolkit can help grid operators tap into the vast and growing pool of customer-owned and -sited assets, while enabling customers to improve the economics of DER ownership via increased participation in a variety of wholesale energy markets and/or demand-side management programs.
The Energy Web is accelerating a low-carbon, customer-centric electricity system by unleashing the potential of blockchain and other decentralized technologies.
Some reading for your weekend, courtesy of our CEO @WalterKook
"We ... increasingly find ourselves with the electricity grid equivalent of digital smartphones connected to analog landlines... Policy reform is needed [to] better serve the digitalizing grid."
FERC order 2222 is an absolute game changer for DERs in the US. Regional grid ... operators have ~270 days to lay out a plan for unprecedented, widespread DER integration. Our open source tech stack @energywebx is purpose built for this moment https://www.greentechmedia.com/articles/read/ferc-orders-grid-operators-to-open-wholesale-markets-to-distributed-energy-resources
Wow. We're closing out the week with BIG news from two major energy markets on ... both sides of the Atlantic.
TL;DR: The EU is making major investments in green energy and digitalization. The U.S. is opening up wholesale energy markets to participation from DERs. 🤯
We're honored to be highlighted by @blockchainers in their round of ways ... #blockchain tech can help meet @UN Sustainable Development Goals. #energyweb is noted under SDG 7: Affordable & Clean #Energy. 🌱⚡️ https://www.the-blockchain.com/2020/09/17/how-will-blockchain-technology-be-leveraged-to-solve-uns-17-sustainable-development-goals-can-it-help-solve-the-worlds-most-pressing-social-and-environmental-problems/
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