Speaker:
Vikram
Singh,
Director
of
Advanced
Planning,
Alectra
Utilities
Distributed
Energy
Resources
(DERs),
including
solar,
energy
storage,
electric
vehicles,
and
home
energy
management
devices,
can
contribute
to
a
more
efficient,
sustainable
energy
future.
However,
currently,
the
tools
and
processes
in
place
in
the
industry
to
securely
manage
contracts,
transactions,
and
settlements
are
not
positioned
to
be
applied
to
many
small
DERs
and
it
would
be
prohibitively
expensive
to
do
so.
A
mechanism
for
practically,
cost
effectively,
and
securely
managing
the
contracts,
transactions,
and
settlement
activities
of
many
DER
participants
in
near-real
time
is
needed
in
order
to
enable
DERs
to
contribute
to
grid
services,
energy
markets,
and
provide
value
to
consumers.
Vikram
will
be
discussing
how
Blockchain
can
be
used
as
the
foundation
for
an
end-to-end
platform
that
facilitates
contracting,
compliance,
and
settlement
of
distribution
level
market
services
using
DERs.
He
will
explore
the
complexities
of
integrating
the
distribution
side
of
the
electricity
markets
with
the
wholesale
transmission
side,
and
how
Blockchain
can
provide
transparency
and
trust
to
parties
managing
distributed
assets
in
real
time.
He
will
deliver
a
live
demo
of
the
“Spark”
platform,
a
Blockchain
enabled
mobile
app
co-developed
with
IBM
that
allows
customers
to
leverage
their
EVs,
solar
panels
or
battery
storage
systems
to
deliver
real
time
energy
services
to
the
market.
He
will
also
discuss
Alectra’s
decision
to
compensate
customers
using
a
token-based
value
exchange
system
–
effectively
allowing
for
an
open,
market
based
exchange
to
trade
energy
for
goods
and
services
from
any
merchant
throughout
Canada.
Location Information
200 University Avenue West
4335
Waterloo, ON, CA N2L 3G1