Blockchain-enabled Transactive Energy Systems for Grid-Edge Participation

New grid-edge technologies coupled with emerging IoT infrastructures provide new venues for grid-edge resources including smart buildings, price responsive loads, and other Distributed Energy Resources (DER) to monetize their versatility and flexibility by providing grid services to the distribution grid and bulk power markets. Moreover, depending on regulatory provisions, these resources may also be allowed to engage in peer-to-peer transactions amongst themselves. The Transactive Energy framework paves the way for both peer-to-peer (P2P) and peer-to-market (P2M) transactions, while the Blockchain technology helps streamline the transaction execution and settlement processes with no need for “middlemen” or a “central authority”. The Blockchain-enabled transactive energy systems combine these benefits for grid-edge asset owners and operators, while also addressing some issues of concern to utilities and grid operators such as dual participation, double counting (reliability risk), double sale, and cybersecurity. This panel session will introduce the opportunities for DER participation offered by the emerging participatory grid. The panellists will then present the framework and functionalities of Blockchain-Enabled Transactive Energy (BCTE) systems. Representative use cases, solutions, and applications enabling P2P and P2M for smart buildings, loads, and other DERs will be discussed.