On August 21, 2017 the Stone Edge Farm Microgrid (SEF)
began piloting a blockchain based electricity market software from Omega Grid. The HeilaIQ decentralized controllers host the software and Électricité de France (EDF) has provided oversight and guidance for this innovative application of blockchain technology in the energy sector.
Deploying a local electricity market from Omega Grid (OG) removes the revenue risk of distributed energy for utilities and encourage investment by property owners. SEF is a working winery that includes a water treatment facility, a Capstone Microturbine, 630 PV solar panels, an iron flow battery from SimpliPhi Power, a hydrogen electrolyzer, Tesla Powerpacks, and a heat exchanger.
The software simulated each microgrid asset as an independently owned site that acts in its own self interest. Each asset bids into the market based on their own cost curves. OG calculates the optimal power flow and a locational price for each asset. OG issues orders on a 5-min basis to the market participants, confirms delivery to the grid and tracks the financial data on our python based proof-of-authority blockchain.
The spot market operated by OG provides a decentralized, secure settlement reference point for p2p forward contracts agreed to on a public blockchain. Tests at SEF wrapped up in Mar 2018 and we are looking forward to future collaboration.
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