Blockchain in the Electricity Grid, May 21, 2019
The prospects of integrating blockchain in the electricity grid are appealing. For the electricity industry, which is slowly moving towards a more decarbonised, digitalised and decentralised structure, blockchain promises greater automation, better data management, higher security and lower costs. Blockchain is expected to play an essential role in managing the complex grids of the future.
Blockchain business use cases for the energy industry are now advancing beyond the proof-of-concept stage and real-world projects are under way. The more publicised use cases centre on peer-to-peer electricity transactions and cryptocurrency-based electricity trading. However, blockchain offers many more possibilities including coordination in charging of electric vehicles and management of renewable energy certificates. For system operators, blockchain offers the potential of tapping into the “flexibility” of distributed energy resources for grid balancing services. Some of the progressive utilities are already moving from “watching this space” to “embracing this digital transformation” and are implementing grid-level pilots. Technology enthusiasts are optimistic that blockchain-backed business models will become a reality over the next five years. Investors, including private equity and venture capital, are beginning to take notice of these developments.
European regulators and policy-makers are also taking steps to support the development and demonstration of new blockchain applications. The key stakeholders have already begun a cautious debate on the regulations, legislations and standards that may be required for new market structures and business models enabled by blockchain.
Global Transmission Report is organising its first conference on Blockchain in the Electricity Grid on May 21, 2019 at the Intercontinental Amstel, in Amsterdam. The conference will focus on the emerging applications, business use cases and regulations centered on blockchain in the electricity grid. It will bring together developers, network operators, utilities, technology experts, consultants, investors, regulators and research organisations exploring the future of blockchain in the electricity industry.
The conference will have focused sessions to present the emerging opportunities and use cases in the electricity industry, and analyse their implications on existing market structures. It will discuss whether these use cases can build sustainable and profitable business propositions, and provide investor perspective on financing. The conference will also assess network operators’ response to these developments and provide insights into their strategy, plans and projects. It will discuss regulatory and legal constraints and evaluate measures to address them. The event will also provide participants with ample networking opportunities to interact with the speakers, panellists and their peers, and develop contacts with potential customers, partners and collaborators.
Blockchain in Transit, May 22, 2019
Network with peers to explore value and impact of blockchain technology
Learn about upcoming regulations and policy directives
Learn about new products and services from professionals
Develop strategy to replace or enhance existing projects
Gain competitive-advantage into making business future-ready
Share experiences and best practices from pilot initiatives/ case studies
Form new partnerships to test and implement blockchain solutions in business processes and develop new business models
Analyse the short- to long-term implications of blockchain for the electricity industry
Gain insights into how progressive utilities are embracing blockchain
Network with peers and stay informed about the latest developments
Tuesday, 21 May, 2019 - Wednesday, 22 May, 2019 8:00 AM - 5:00 PMCentral Europe Time
Intercontinental AmstelProfessor Tulpplein 1Amsterdam 1018 GXNetherlands
Gunjan Parashar