Partnership to develop a digital identity-based system to enable new ways to manage assets as the energy market becomes decentralized
Stedin, the Dutch distribution network operator, announces a partnership with Energy Web to explore the future of asset management
ROTTERDAM, Netherlands and ZUG, Switzerland, March 24, 2022 (GLOBE NEWSWIRE) — Energy Web, the non-profit building operating systems for energy networks, and Stedin, the distribution system operator (DSO) Dutch, today announced a partnership to deploy a future-proof solution for energy asset management. This would include DSO-native devices, such as smart meters and distribution automation devices, and consumer/prosumer devices, commonly referred to as distributed energy resources (DERs).
As part of the collaboration, Energy Web and Stedin will work together on a decentralized asset management system, which will initially be tested on smart electronic devices for substation automation. Through initial testing, project partners hope to gain valuable insights into how decentralization can help manage future network assets. Additionally, the project will test the ability of network operators to maintain network security without requiring hardware modifications.
Faced with an evolving energy market, modern DSOs face increasing challenges due to the decentralization of the distribution network. Technology that was previously located in physical substations, including monitoring equipment, is now distributed across the distribution network as the number of DERs, including wind, photovoltaic (PV) and electric vehicles (EV), increases.
The joint Energy Web-Stedin solution currently includes a management system that assigns each distribution asset a secure digital identity, anchored to each asset’s pre-existing SIM card. Cryptographically signed information and DSO control signals and commands can then be sent to and from the asset, enabling a decentralized managed system by ensuring each asset operates as an independent point of encrypted security. The solution leverages the Energy Web operating system (EW-DOS) with no additional hardware or replacement required.
“Put simply, the old way of managing energy networks is no longer fit for purpose,” said Jesse Morris, CEO of Energy Web. “Part of this is because the nature of the assets deployed on the grid is changing, as we move from a ‘top-down’ energy system to a much more distributed system. As power generation becomes less centralized, we need to adapt by dispersing computing power from the center of the network, to increase security and asset visibility. This decentralization creates new efficiencies and creates simpler routes for renewable energy sources to integrate into the traditional grid system.
The solution will provide new possibilities in the future for consumers to offer services to the network, such as issuing digital identities to consumer DERs, enabling consumer/prosumer aggregations to engage in ancillary services, such as reselling energy to the grid from a home or EV energy storage system while maintaining the highest level of cybersecurity. With many possibilities and programs that could be powered by Energy Web’s decentralized architecture, integration with Stedin has the potential to transform the electricity market and the local economy of the Netherlands.
The solution has already undergone several proof-of-concept tests, with development work on the platform beginning in October 2021. Currently undergoing widespread deployment, the product is undergoing rigorous testing in a sandbox environment, using real power resources. This sandbox is expected to run for the duration of Q1 before the solution goes live later this year. In the future, the project can be adapted to any other energy network in partnership with other national DSOs to improve security and asset management.
Commenting on the partnership, Arjen Zuijderduijn, Head of Innovation at Stedin, said: “Energy networks around the world are undergoing profound change at a rapid pace. Utility providers, network operators and consumers are facing unprecedented challenges in network security given the rise of decentralized assets and the integration of renewable energy, but there are also opportunities to build more efficient, scalable and cost-effective systems. Stedin has been a long-time advocate of innovation across the network, and decentralization is a core part of our modernization strategy the national grid system. We are excited to work with Energy Web and move forward with the deployment of this solution in our information and operational technology systems.
Energy Web’s partnership with Stedin marks its fourth partnership with a major grid operator focused on the future of energy grid performance, including the digitization and integration of distributed energy resources into the energy market within the meaning large. In addition to its partnership with Stedin, Energy Web is currently engaged in enterprise deployments of its technology, with the Australian Government’s EDGE Project and California Grid Operator (CAISO), as well as Elia E-Mobility Dashboard in Germany.
About Energy Web
Energy Web is a global, member-driven, non-profit organization accelerating the low-carbon, customer-centric energy transition by unlocking the potential of open-source digital technologies. Our Energy Web decentralized operating system (EW-DOS) enables any energy asset, owned by any customer, to participate in any energy market. The Energy Web Chain, the world’s first enterprise-level public blockchain suitable for the energy industry, anchors the EW-DOS technology stack. The Energy Web ecosystem includes leading utilities, grid operators, renewable energy developers, corporate energy buyers, IoT/telecom leaders, and more.
The Stedin Group, led by Stedin Holding NV, consists of the electricity and gas system operators Stedin and Enduris which operate in a large part of the province of South Holland, in the provinces of Utrecht and Zeeland and in parts of North Holland and Friesland. In addition, the group offers services in the field of electricity and gas infrastructure under the name of DNWG Infra. Together we ensure that all our customers have access to (sustainable) energy for living, working and doing business.
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