It's been brought to our attention that certain companies are purporting to have a link with Electron that we have no connection with. We advise parties to exercise extreme caution in any dealings with such companies.
As wind and solar generation comes to represent an increasing proportion of our power generation mix, our electricity supply-base is increasingly intermittent and inflexible. Since electrical supply and demand have to be matched on a continuous basis, we need more demand-side flexibility.
Unlike traditional centralised coal plants, renewable assets are often connected to the local grid. This presents an opportunity to increase grid efficiency and reduce transmission losses. It also introduces new challenges such as two-way power flows, a need for greater visibility and integration of decentralised assets and introduces the potential for new, locational pricing models.
Rapid developments in smart grid technologies, artificial intelligence (AI), home energy management system (HEMS), Internet of Things (IoT) and other connected devices offer greater visibility and control than ever before. It also creates new requirements for co-ordination, interpretation and data security.
Increasing desire for a more active role in the energy market has lead to the rise of "prosumers" who seek to generate their own electricity from personal or shared community assets, and/or purchase energy directly through peer-to-peer (P2P) transactions. Production is becoming more ‘democratic’ with more parties participating in the energy value proposition.
A shared registration platform for all UK gas and electricity supply points to facilitate faster switching. This technology is now being extended to cover new types of assets.
A common trading venue for all demand-side response actions to enable collaborative trading in the current hierarchical system as well as peer-to-peer and micro-grid trading.
In a decentralising & democratising energy system, coordination of millions of distributed energy resources & trading interests is key to maximising system value.
Peer-to-peer protocols and blockchain technology are already evolving the way the web is structured and operates. The open source projects that these are based on are key to developing modern, scalable networks. Electron recognises the need to participate in these communities and is taking an active development role in supporting them.
In testing and developing our platforms we have built and released several tools that expand the connectivity of the Ethereum and IPFS decentralised web projects. The tools we have built allow us to extract and parse data from blockchain systems so that we can analyse the performance and behaviours of the network. By open-sourcing these tools we are ensuring that the community has the connectivity and functionality it needs to continue to prosper and re-define modern computer systems. Follow the link to see the ‘R’ interface package on Github.