Last week saw the launch of Equigy a new European energy crowd balancing platform that uses consumer batteries, electric vehicles and blockchain to balance the supply of energy to electricity grids. The consortium was founded by Terna, swissgrid and TenneT, which respectively operate electricity grids in Italy, Switzerland, and in the case of TenneT, the main Netherlands grid and parts of Germany.
The individual companies – also referred to as Transmission System Operators (TSO) – have launched numerous projects, some of which involve electric vehicles to store excess renewable energy. Hence the TSOs have partnered with BMW, Nissan, Fiat Chrysler and others to push forward their initiatives.
Renewable energy sources are becoming an increasingly important source of power. But given that distributed energy such as wind and solar are weather dependent, the power source is constantly fluctuating. That’s a challenge given the TSOs have to match supply with demand for electricity. At the moment, fossil fuels are used to make up the shortfall.
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