Blockchain change the energy market How can blockchain ...€¦ · Blockchain networks are...

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Blockchain change the energy market

Catarina Naucler, R&D manager Fortum Sweden@CatarinaNauclerCatarina.naucler@fortum.com

Catarina Naucler, R&D manager Fortum Sweden@CatarinaNauclerCatarina.naucler@fortum.com

How can blockchainimpact the energy sector

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Blockchain networks are distributed databases that are immutable, secured and transparent

Disrupting Characteristics:

Distributed: One common ledger for all

Transparent: Every peer has access

Immutable: Validated data cannot be manipulated

Secure: All data is cryptographically secured

Self-executing: Smart-contracts

Blockchain Ecosystem Applicable to the Energy Industry

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Foundation layer protocols Developer Tools

Smart Contracts

Scaling

APIs

BAAS

IoT enablers

Services Energy trading

P2P (utility, trade desk)

P2C

P2P (local)

Mobility/ EV

Waste Provenance

Ecosystems / Foundations

Applications

Several new services already available in energy-trading

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P2P(Producer to Producer, bilateral trades, new market)

P2P(Peer to peer, local energy production)

P2C(Producer direct to consumer)

Green Origination(Token to certify unit of clean energy)

How blockchain can help in local energy systems

Peer2Peer trading

- Sell to your neighbor- Share your storage

Peer2Peer trading- Better match in

micro/nanogrid in india- Hard with todays Nordic

regulation

Flexibility plattform- Create a flexibility platform- The platform aggregates

available flexible resources

Open Distributed Network

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Charge and pay easier with blockchain

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EV Drivers

Oslo2Rome- Easier and cheaper

Oslo2Rome

• Easier access to charge infra• No contracts• Network in many countries and

partners

• Easier and cheaper than todays roaming services

Collaboration with several partners

– Integration to blockchain

– Pilot from “Oslo2Rome”

– Governance and way of working for the future

Potential areas for blockchain in the energy sector

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Energy Trading, OTC

Market for bilateral trades, new products

Guarantees of Origination

Creation of immutable, transparent GoOs

EV charging

Open-up infrastructure

Lightweight P2P trading

Maximization of local, decentralized generation

Flexibility market

Platform for trading flexibility

• Starting in the European market

• If customers are willing to pay for more transparent GoOs

• Renewables and local

• With autonomous cars and induction blockchain will make EV charging an autonomous business

• Depending on small scale local production

• Production and consumption needs to match if you don’t store

• New possibilities for flexibility helping aggregation services

Catarina Naucler, R&D manager Fortum Sweden@CatarinaNauclerCatarina.naucler@fortum.com

The digitalisation journey has just started

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