How distributed generation and blockchain are transforming legacy power networks into community owned economic engines

Our energy networks are a work in progress. We are now seeing the accelerated uptake of distributed generation, storage and blockchain applications transforming legacy electricity networks into community owned economic engines.

During this webinar, James takes us through the major energy market changes that have transformed the energy market during the past 10 years and discuss his latest research on distributed generation and blockchain, based on a range of local and international case studies.

The presentation discusses:

• National and global solar and storage uptake
• Price trends
• Case study: Three sites in the WGV housing precinct: GenY, SHAC in addition to Evermore.
• Results Opportunities for the building sector

Background Interconnected local energy markets have emerged as an anticipated outcome of a monumental shift in the electricity industry away from centralised network planning. Monolithic business models, characterised by fossil fuelled bulk generation and one-way delivery are being disrupted by decentralised renewable models complemented with storage. The lesser the distance between the generator and consumer means the opportunity exists to dramatically reduce network costs through the better utilisation of localised distribution infrastructure, and challenging the prevailing transmission infrastructure heavy approach to network design. Innovations from the sharing economy are now entering utilities, from which end users play a more active role in both production and consumption of electricity and where the marginal cost of this power will tend towards zero.

Presented by James Eggleston, Senior Analyst, Power Ledger