A new project aims to use blockchain to help create a shared register for power generation and energy storage asset data in the UK.

The RecorDER initiative is a collaboration between National Grid Electricity System Operator, SP Energy Networks, UK Power Networks and blockchain company Electron.

The four companies want to create a transparent view of energy network assets by integrating existing industry datasets. This improved visibility and availability of asset data is in turn intended to enable new systems that drive deeper decarbonisation and cut operating costs.

Electron chief executive Jo-Jo Hubbard said the project is “an important first step in the process of integrating distributed assets and allowing them to play their full role in balancing the electricity system”.

She explained that the case for better data in the energy industry is well understood, with benefits ranging from improved forecasting and modelling, coordinating actions across diverse flexibility markets, to new, innovative business models.

The RecorDER project is intended to banish data silos and instead provide a secure way of granting access to existing databases owned by network operators. These operators plus aggregators and regulators can then collaborate to create shared datasets that implement industry agreed standards.

Asset owners and managers can also link their assets to third party datasets or authorise their asset data to be used in connected systems.

Hubbard said that by employing blockchain as an enabling technology, “the integration layer can be deployed and hosted by collaborating parties, removing the requirement of either a large scale infrastructure project or a central party to host the system”.Jo-Jo Hubbard, co-founder of blockchain firm Electron

The first phase of the project will focus on mapping generation/storage assets with installed capacity over 1 MW, utilising existing network data.

Once complete, the project will look to extend the collaboration to incorporate more DNOs as well as mapping smaller energy resources.

Carolina Tortora, Head of NGSO Innovation, said that “embracing new technology is essential to managing the energy system efficiently. RecorDER is one example of how we are working in partnership across the industry to identify new and exciting ways to work together.”

She said that if successful, the project “could lay the foundations for a robust GB-wide flexibility market across transmission and distribution, unlocking huge value for consumers and driving the transition to a low-carbon flexible energy future”.
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Related content: Shared data will ‘change the energy market’ says blockchain expert JoJo Hubbard 

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