European Grid Operators Launch Flexible Blockchain Platform

In an important step forward for the energy transition, some of Europe's biggest Transmission System Operators (TSOs) are collaborating on a new blockchain-based platform, enabling the integration of small and distributed consumer-based units into the electricity-balancing process. Owners of consumer devices, electric vehicles for example, can earn money making "flexible" their interaction with the electric grid via an aggregator, affording them an active role in grid-balancing and with that in the entire energy transition.

Equigy sets a new European standard

The new platform, Equigy, will set a new European standard and allow three of Europe's national TSOs - the entities tasked with transporting energy and balancing supply and demand - to work together to enhance and improve the integration of renewables, providing more flexibility to mitigate their aleatory effect on grid. Among other initiatives of its kind in Europe, this is seen as the most viable collective approach, offering standardisation, a common approach from TSOs with neutral governance, and the opportunity for scale-up.

Source : https://www.advancedbatteriesresearch.com/articles/20581/european-grid-operators-launch-flexible-blockchain-platform