AEMO will test blockchain to create a renewable energy market in Australia – Bits Media

Australian Energy Market Operator Launches Project Edge, within which it will use blockchain to integrate renewable energy sources into the network.

Организация Australian Energy Market Operator (AEMO), Australia Electricity Market Manager, Launches Project Edge - a trial option for integrating renewable energy sources into the network. The purpose of the project is to include distributed energy resources, eg, windmills and solar panels, In the main network. The blockchain system will become part of the project.

The DER MarketPLace solution is developed together with the AUSNET energy company, Energy Web Foundation specializing in renewable energy sources of energy and technological partners (EWF), which will provide the "operating system" on the blockchain, as well as Pxise and Microsoft for cloud hosting. EWF - International Organization, which contributes to the introduction of blockchain in the markets of renewable energy sources. The organization is supported by many large companies, Including Siemens.

Traditional energy networks are designed for unilateral energy distribution - from large electricity generators to households and enterprises. According to Australia regulators, Solar panels are installed on each fourth roof of a private house and in 40% households in some states. In addition to solar energy drives, Some houses also have batteries or batteries in electric vehicles, which can store excess electricity before its distribution.

AEMO testing is aimed at combining domestic renewable energy sources to create a market, within which excess electricity can be distributed between households. Blockchain is used to create a market for renewable energy sources and distribute financial incentives for households. Testing will begin in April 2022 year and end in March 2023 of the year.