Electron has been a partner and lead in a number of successful innovation projects. See more details of a few of our major projects below.
Network Innovation Allowance
RecorDER is a collaborative innovation project to create a shared asset register for energy asset data.
The case for better data in the energy industry is well understood, with benefits ranging from improved modelling to new, innovative business models. RecorDER will create a coherent view of assets connected to the energy network by integrating existing datasets in the industry. The improved visibility and availability of asset data will enable new systems that combat decarbonisation and reduce the overall operating cost of the energy system. The project builds on the work of both The Energy Data Taskforce and ENA’s Open Networks system wide resource register, providing a secure way of granting access to embedded datasets, rather than creating new data silos. Network operators, 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.
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.
Our partners are National Grid, UK Power Networks, and SPEN. RecorDER project started in March 2019 and will conclude in June 2020.
UK-SOUTH KOREA SMART ENERGY INNOVATION COLLABORATION
This project will pilot an energy flexibility trading platform in South Korea. The partners will collaborate to research, design and test energy flexibility products for the South Korean electricity market. Building upon Electron’s existing flexibility trading platform, the project aims to assist the development of a marketplace that can provide price signals to incentivise demand side response capacity, maximise the value of existing assets and inform investment decisions for flexibility providers and grid operators
We started this project in November 2018 and the projected finish is May 2020.
ENERGY ENTREPRENEURS FUND (ROUND 5)
We were awarded this grant in 2017 to build a new, multilateral transaction platform for Demand Side Response actions.
To support the technical development of the platform, we established a consortium to co-develop a commercialisation model and the initial product set The members included Baringa, EDF Energy, Flexitricity, Kiwi Power, Northern Powergrid, Open Energi, Shell, Statkraft and UK Power Networks.
This project is now complete.