Transactive Energy

CHALLENGES
  • As DER penetration increases, they can no longer be treated as passive supply/storage/demand on the grid, under minimal levels of monitoring and control as well as static pricing schemes.
  • A platform model in the form of an “energy internet” is required to network DERs in terms of distributed energy, distributed controls, and distributed business models using technical and economic mechanisms.
OPPORTUNITIES
  • Presents a solution from the “utility death spiral”, turning stressors in today’s business models into new revenue and service opportunities.
  • Creates a vibrant multi-sided retail market and operating platform to support a high penetration of DERs, with today’s utilities as the physical network provider and the emergence of transactive system operators (which may be the utilities themselves or independent).
DIFFERENTIATION
  • Ability to compute the true locational marginal value of DERs on a dynamic network topology using the network model.
  • Creating a cascaded multi-time frame market with pricing based on quantified locational marginal values.
  • Enabling peer-to-peer and DER-to-platform transactions.
HOW GRIDOS DOES IT
  • GridOS DERMS forecasts, optimizes and computes the dynamic locational marginal values/impacts of each DER on the dynamic network model. Locational marginal values are quantified financially.
  • A market is implemented to transact locational marginal values as contract pricing or consisting of bids and offers. Market platform is a structured as a cascaded multi-time frame market, consisting of day-ahead, hour-ahead, 15-min ahead, 5 min ahead and event-driven products and services.
  • Additional platform services are provided, such as analytics and automated dispatch.