A trusted data platform that enables aggregators to seamlessly participate with smaller flexibility devices in electricity balancing markets across Europe while allowing the market to operate within grid limits.
The CBP Product
The CBP is a blockchain-based system to share relevant information between the participating parties in a transaction – such as TSOs, DSOs, Aggregators and data providers – in a trusted and secured way. The CBP facilitates the standardised registration, bidding and activation of flexibility transactions from aggregators of distributed energy resources (DERs). The CBP enables the proof of delivery of flexibility transactions, while allowing the market to operate within grid limits.
TSO - DSO System operators
The national Transmission System Operators (TSOs) and the Distribution System Operators (DSOs) are tasked with ensuring security of supply, so that power is available to everyone at the flick of a switch. This is becoming increasingly complex with the transition to renewable energy, given the unpredictable nature of renewables. At the same time, electricity consumption is changing, due to growing demand from electric vehicles (EVs), heat pumps, and other consumer-based devices. In addition, flexible power is being offered by small and diverse consumer-owned storage devices and EVs.
VDPValidation Data Providers
To validate these small, diverse energy transactions, we rely on data provided by independent third parties, like original equipment manufacturers (OEMs) of home batteries and EVs, charge point operators (CPOs), and other internet of things (IoT) devices, such as smart meters. These original data sources validate energy transactions through blockchain technology, enabling the secure integration of flexibility from a wide range of small and diverse consumer devices and EVs.
Aggregator Pooling distributed flexibility
Aggregators are key to how energy from small and diverse resources is stored, optimised and fed into the grid. Owners of consumer devices or EVs, for example, can make money selling the excess electricity they generate via an aggregator, giving them an active role in grid-balancing and the broader energy transition. As a market player, the aggregator can help stabilise the electricity system.
Equigy: powered by blockchain
As Equigy involves multiple small transactions, it requires a secure and scalable solution that ensures trust and transparency between all participants.
How it works
A secure data layer to harness the power of flexible consumer-based assets for grid-balancing.
Tens of thousands of transactions
To address fundamental changes to the energy system, and create flexibility, aggregators can now offer flexibility from small and diverse energy sources. These are gathered from EVs, heat pumps, and other consumer-based devices. Of course, small-scale flexibility resources are more difficult to manage in the electricity system, as it requires tens of thousands of transactions. This is where Equigy comes in.
Validated
Equigy uses blockchain technology to register and validate these energy transactions. It allows TSOs and distribution network operators (DSOs) to track them in a secure and immutable ledger by making the flexible capacity of home-storage devices visible. The platform facilitates data exchange between stakeholders, and brings new players and technologies into the electricity value chain.
Consumer-centric
The transactions are validated based on data provided by independent third parties, such as OEMs of home batteries and EVs as well as by IoT devices such as smart meters and charging points. This allows consumers to be financially rewarded for their flexible battery capacity. Aggregators are key market players, facilitating this process and so helping to stabilise the electricity system.
Projects
Equigy works together with national Transmission System Operators to implement the CBP in each country according to the needs of their market.
Check the status of the CBP in each country with map or explore our case studies with different partners.
Click on the icon on the map to view country specific projects.
