Energy has traditionally flowed in one direction, from a handful of large commercial generators down through poles and wires to homes and businesses. There’s a lot of infrastructure involved in facilitating this one-way transaction, and as a result, it typically costs a significant amount of money.
With the rise of home solar power, batteries, and other local sources of energy generation, we’re moving to a market where millions of smaller generators can provide their own energy. Or even stockpile and trade energy reserves to actively contribute back into the grid.
This decentralised and diverse marketplace reduces the need for costly, large-scale infrastructure. It creates a more secure, affordable, reliable and cleaner energy grid for everyone.
And it’s all made possible by deX.
Creating the grid of tomorrow, today
When we talk about a cleaner, more-efficient and highly cost-effective energy marketplace, we’re largely talking about the grid of tomorrow. And while deX is making rapid progress towards enabling tomorrow, we’re still dealing with the realities of today.
The reality is that energy markets around the world are failing to make the best, or most efficient, use of the assets available. Consumer trends point to steady increases in solar photovoltaic installations, and ongoing—and potentially rapid—uptake of battery storage.
CSIRO modelling shows that over 35% of all electricity will be generated and managed by customers in 2050.
Government initiatives are driving utility-scale storage installations. Distributed energy resources (DERs), including renewable distributed generation systems (e.g. Solar PV), distributed storage, and demand response, are already a significant presence on Australian electricity grids.
These developments are altering power flows, affecting network decisions, and presenting operational challenges and opportunities.
Today the electricity landscape is negotiating the tension between three high-level objectives.
- The need for energy security and reliability.
- Broad access to affordable energy services.
- Reduced carbon emissions.
Identifying and implementing an effective response, while negotiating an energy market in transition will require greater visibility, coordination and control of a much larger number of resources than are managed in the grid at present.
Capturing the benefits of distributed storage – along with distributed small-scale generators – requires new information and communication technologies and new markets.
deX empowers new and established market players to integrate with, and orchestrate, a variety of decentralised demand and supply points.
The result is greater communication, coordination and control of a variety of decentralised energy resources. Once deX enabled, these resources can bypass the traditional one-way flow of energy generation, providing bidirectional energy interactions that reimagine the structure and function of the entire grid. Together, we’re making new markets.
These new marketplaces offer new kinds of transactions. They drive efficient matching between participants. And they lower transaction costs. In the future landscape of democratic, multidirectional energy marketplaces, bids and offers for energy supplies can be matched by time, location and resource capability, to deliver the right resources in the right location at the exact right moment.