1. Market Research
  2. > Energy & Environment
  3. > Energy
  4. > Electric Power Market Trends
Digital Grid-Capitalizing on Opportunities with Blockchain Technology

Digital Grid-Capitalizing on Opportunities with Blockchain Technology

  • January 2018
  • 54 pages
  • ID: 5289091
  • Format: PDF
  • By Frost & Sullivan

Summary

Table of Contents

Impact of the Emerging Blockchain Technology on Utility Performance
Frost & Sullivan’s upcoming study on Blockchains takes an in-depth look at the addressable market for its existing applications along with emerging energy applications. The energy sector has seen significant changes over the past few decades across verticals such as generation, distribution, storage, and consumption.

It continues to transition from fossil-fuel based centralized generation to renewable and distributed generation. There is a also a shift from centrally-owned and -operated power generation to small-scale commercial generation and ’prosumers’, whose power flows are bidirectional. Both these forces combine to create significant challenges for the electricity grid’s design, with legacy infrastructure struggling to offer the required flexibility.

Key Features
A key trend influencing the uptake of Blockchain-related services in the US is the high rate of advanced metering infrastructure (AMI) adoption. States with high penetration of residential AMI meters are more likely to engage in peer-to-peer (P2P) energy transactions and adopt Blockchain platforms to execute them. Of the states with the highest AMI penetration, California and Georgia have the most number of distributed solar PV installations in the country. This makes them the most probabale adopters of Blockchain technology for P2P energy transactions.

Research Benefits
Blockchain platforms that allow utilities to empower consumers to simply trade electricity with each other and settle payments with the help of an automated and decentralized system. (repetition) Therefore, this decentralized marketplace will enable utilities to lower their capital expenditure on renewable energy generation, and consumers to enjoy reduced energy bills.

Some of the key challenges associated with Blockchain adoption are the uncertain regulatory status of crypto-currencies and transactive energy, nascent stages of technology/product development, and the need for a smart grid communication infrastructure.

Blockchain can also serve as a back-end platform for utilities to track and execute the following transactive energy applications:
• Billing platform for retail sales and net metering
• Platform for P2P trading and renewable energy certification
• International energy trading
• Electric vehicle and Vehicle-to-Grid
• Customer management

Key Issues Addressed
Blockchain can provide disruptive technology solutions to address the following requirements
• Data coordination between a range of grid and behind-the-meter assets
• A secure automated trading platform
• Open access for innovative products and services.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Japan Geothermal Power Analysis: Market Outlook to 2030, Update 2019

Japan Geothermal Power Analysis: Market Outlook to 2030, Update 2019

  • $ 2500
  • December 2019

Japan Geothermal Power Analysis: Market Outlook to 2030, Update 2019Summary"Japan Geothermal Power Analysis: Market Outlook to 2030, Update 2019” is the latest report from the indJapantry analysis specialists ...

Mexico Geothermal Power Analysis: Market Outlook to 2030, Update 2019

Mexico Geothermal Power Analysis: Market Outlook to 2030, Update 2019

  • $ 2500
  • December 2019

Mexico Geothermal Power Analysis: Market Outlook to 2030, Update 2019Summary"Mexico Geothermal Power Analysis: Market Outlook to 2030, Update 2019” is the latest report from the indMexicotry analysis ...

China Wind Power Analysis: Market Outlook to 2030, Update 2019

China Wind Power Analysis: Market Outlook to 2030, Update 2019

  • $ 2500
  • November 2019

China Wind Power Analysis: Market Outlook to 2030, Update 2019SummaryChina Wind Power Analysis: Market Outlook to 2030, Update 2019, is the latest report from the industry analysis specialists that offe ...


ref:plp2018

Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on