Blockchain Technology for Transactive Energy: A New Framework

Transactive Energy (TE) will be an important technology enabler that will change today's utility business models towards the utility of the future. TE will also affect future energy markets, driven by new technologies, such as, energy automation, distributed solar photovoltaic, distributed energy storage systems (DESS), smart metering, distributed energy resources (DER), and so one. However, current TE models lack the "trusted transactive layer" needed to implement new energy market dynamics capabilities. New concepts of Utility-Grade Blockchain-DLT technologies will be introduced to meet these future TE requirements, introducing a new trusted, transparent and traceable transactive layer to register and authenticate TE grid assets, transactions and participants. This webinar will introduce new TE-Blockchain concepts and applications, review some regulatory aspects of Blockchain-DLT TE, including the ongoing work of the IEEE P2418.5 Blockchain Energy Standards WG, transactive energy task force.