Equigy helps balance the grid and ensure security of supply for the energy transition. It uses blockchain technology to access, via aggregators, new sources of electricity from the owners of consumer-based devices.
Fast-changing supply and demand in the energy world
The energy system is changing. Modern electricity supply now operates on renewables for significant periods of time, making the system increasingly volatile. We need new sources of flexibility to balance the grid. Many TSOs have traditionally relied on fossil fuels for this. At the same time, energy consumption is also changing, as demand from electric cars, heat-pumps and other consumer-based devices grows. As supply becomes more difficult to control, TSOs are turning to demand to achieve flexibility. But small-scale flexibility resources are more difficult to manage in the electricity system. This is where Equigy comes in.
Cases
Pioneering with partners: how we’ve been testing our blockchain technology to create a solution for a changing energy market
powered by blockchain
As Equigy involves multiple small transactions, it requires a secure and scalable solution that ensures trust and transparency between all participants.