The Australian Energy Market Operator (AEMO), which runs the electricity market for Australia, is launching Project Edge, a trial to integrate renewable energy into the grid. The aim is to incorporate distributed energy resources (DERs) such as wind and solar panels (PV) into the main grid and blockchain technology is part of the project.
Its DER Marketplace solution is being developed with power company AusNet, renewables firm Mondo, and technology partners Energy Web, which will provide the blockchain ‘operating system’, PXiSE and Microsoft for cloud hosting.
Traditional grids are designed to distribute energy one way, from large-scale power generators to households and businesses. The AEMO trial, with A$13m in support from the Australian Renewable Energy Agency (ARENA), aims to aggregate household solar and other DERs to create a source of energy not dissimilar to a power station.
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