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Blockchain change the energy market Catarina Naucler, R&D manager Fortum Sweden @CatarinaNaucler [email protected] Catarina Naucler, R&D manager Fortum Sweden @CatarinaNaucler [email protected] How can blockchain impact the energy sector

Blockchain change the energy market How can blockchain ...€¦ · Blockchain networks are distributed databases that are immutable, secured and transparent. Disrupting . Characteristics:

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Page 1: Blockchain change the energy market How can blockchain ...€¦ · Blockchain networks are distributed databases that are immutable, secured and transparent. Disrupting . Characteristics:

Blockchain change the energy market

Catarina Naucler, R&D manager Fortum [email protected]@fortum.com

Catarina Naucler, R&D manager Fortum [email protected]@fortum.com

How can blockchainimpact the energy sector

Page 2: Blockchain change the energy market How can blockchain ...€¦ · Blockchain networks are distributed databases that are immutable, secured and transparent. Disrupting . Characteristics:

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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

Page 3: Blockchain change the energy market How can blockchain ...€¦ · Blockchain networks are distributed databases that are immutable, secured and transparent. Disrupting . Characteristics:

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

Page 4: Blockchain change the energy market How can blockchain ...€¦ · Blockchain networks are distributed databases that are immutable, secured and transparent. Disrupting . Characteristics:

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)

Page 5: Blockchain change the energy market How can blockchain ...€¦ · Blockchain networks are distributed databases that are immutable, secured and transparent. Disrupting . Characteristics:

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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Page 6: Blockchain change the energy market How can blockchain ...€¦ · Blockchain networks are distributed databases that are immutable, secured and transparent. Disrupting . Characteristics:

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

Page 7: Blockchain change the energy market How can blockchain ...€¦ · Blockchain networks are distributed databases that are immutable, secured and transparent. Disrupting . Characteristics:

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

Page 8: Blockchain change the energy market How can blockchain ...€¦ · Blockchain networks are distributed databases that are immutable, secured and transparent. Disrupting . Characteristics:

Catarina Naucler, R&D manager Fortum [email protected]@fortum.com

The digitalisation journey has just started