Canadian conservation authorities hold green energy blockchain pilotApril 6, 2020 0 By Angie Bergenson
Officials in the province of Ontario are working with the Insolar technology firm.
Canadian conservation authorities from the province of Ontario are working with the Insolar technology firm to test a green energy blockchain project for renewable power management.
The goal is to help to better manage and distribute renewable energy on the province’s smart grid.
The green energy blockchain project is being tested within the reach of the Sustainable Technologies Evaluation Program (STEP). It was announced at the start of this month by the Toronto and Region Conservation Authority (TRCA). The idea is to leverage Insolar’s blockchain specialty for efficient management of distributed energy resources (DERs).
Insolar’s green energy blockchain platform, Assured Leger, would help manage critical data flows.
Assured Ledger, Insolar’s blockchain platform, provides transactive energy systems with secure and reliable data exchange. This is a central component of successful DER viability at scale, according to the tech firm.
Among the power sources that will play a role in the sustainable electricity generation mix include solar and wind. They have the potential for use as a supplement or even replacement to establish an energy mix with improved sustainability, assuming they are accurately coordinated at the edge of the grid. This strategy is meant to make sure they don’t stand in the way of utilities for providing energy supply with solid reliability.
For secure renewable energy source flow, management and exchange within existing electric power systems, the green energy blockchain has the potential to act as a core infrastructure component, explained Gil Amdurski, STEP technical coordinator.
“It can connect and aggregate prosumer DERs, enterprise microgrids, and electric vehicles to the grid,” said Amdurski. “Thus, the energy supply from renewables is managed optimally: it can be stored and redistributed when and where it is needed. This can stabilize grids, reduce peak demand, and make utilities future-ready without having to rebuild their infrastructure.”
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