Innovation blockchain-based project gets underway

A collaboration between Electron, National Grid Electricity System Operator (NGESO), SP Energy Networks and UK Power Networks has seen the launch of a shared register for generation and storage asset data.

The innovation project, RecorDER – which will use blockchain as an enabling technology –was launched on 17 June. It will allow for a view of assets connected to the energy network by using existing datasets already in the industry. According to Electron, this improved visibility and availability of asset data will allow for new systems that facilitate decarbonisation and reduce the overall operating cost of the energy system.

The project’s first phase is to focus on mapping generation and storage assets with installed capacity over 1MW. Over time, the project will look to incorporate more DNOs along with mapping smaller energy resources.

Caroline Tortora, Head of NGESO Innovation, said: “If successful, this register 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.”