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Retail Supplier Parent Providing Support For Blockchain-based Local Electricity Market Demo
August 22,2019 Omega Grid in partnership with EDF, Inc (Electricite de France) and the Sacramento Municipal Utility District (SMUD) – will deploy its blockchain-based local electricity market software to coordinate electric vehicle charging with solar generation in Northern California this year. The local energy market demonstration will take place near Sacramento, CA, and receive support from the EDF Innovation Lab team based in Silicon Valley. Backed in part by an American Public Power Associate (APPA) grant, "the project represents the first distribution utility in the USA to deploy a grid-aware blockchain local energy market in its territory," Omega said This local energy market project will demonstrate the value of using blockchain technology to coordinate electric vehicle charging with local solar generation and wholesale prices in a blockchain-based incentive program, Omega said "As the distribution grid is evolving due to a continuous increase of penetration of Distributed Energy Resources including electric vehicles and solar panels, EDF has been highly involved in grid modernization. Customers are becoming a key player in the electricity system. Thus, we are excited to continue our collaboration with Omega Grid and SMUD in this innovative smart contract-based application in exploring local energy markets at the distribution level," said EDF Innovation Lab’s Arnaud Souille, Smart Grid Program Manager.
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