Blockchain change the energy market
Catarina Naucler, R&D manager Fortum [email protected]@fortum.com
Catarina Naucler, R&D manager Fortum [email protected]@fortum.com
How can blockchainimpact the energy sector
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Blockchain networks are distributed databases that are immutable, secured and transparent
Disrupting Characteristics:
Distributed: One common ledger for all
Transparent: Every peer has access
Immutable: Validated data cannot be manipulated
Secure: All data is cryptographically secured
Self-executing: Smart-contracts
Blockchain Ecosystem Applicable to the Energy Industry
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Foundation layer protocols Developer Tools
Smart Contracts
Scaling
APIs
BAAS
IoT enablers
Services Energy trading
P2P (utility, trade desk)
P2C
P2P (local)
Mobility/ EV
Waste Provenance
Ecosystems / Foundations
Applications
Several new services already available in energy-trading
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P2P(Producer to Producer, bilateral trades, new market)
P2P(Peer to peer, local energy production)
P2C(Producer direct to consumer)
Green Origination(Token to certify unit of clean energy)
How blockchain can help in local energy systems
Peer2Peer trading
- Sell to your neighbor- Share your storage
Peer2Peer trading- Better match in
micro/nanogrid in india- Hard with todays Nordic
regulation
Flexibility plattform- Create a flexibility platform- The platform aggregates
available flexible resources
Open Distributed Network
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Charge and pay easier with blockchain
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EV Drivers
Oslo2Rome- Easier and cheaper
Oslo2Rome
• Easier access to charge infra• No contracts• Network in many countries and
partners
• Easier and cheaper than todays roaming services
Collaboration with several partners
– Integration to blockchain
– Pilot from “Oslo2Rome”
– Governance and way of working for the future
Potential areas for blockchain in the energy sector
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Energy Trading, OTC
Market for bilateral trades, new products
Guarantees of Origination
Creation of immutable, transparent GoOs
EV charging
Open-up infrastructure
Lightweight P2P trading
Maximization of local, decentralized generation
Flexibility market
Platform for trading flexibility
• Starting in the European market
• If customers are willing to pay for more transparent GoOs
• Renewables and local
• With autonomous cars and induction blockchain will make EV charging an autonomous business
• Depending on small scale local production
• Production and consumption needs to match if you don’t store
• New possibilities for flexibility helping aggregation services
Catarina Naucler, R&D manager Fortum [email protected]@fortum.com
The digitalisation journey has just started