Australian Energy Tech company GreenSync has today released its first white paper on the decentralised energy exchange (deX) - Creating the grid of tomorrow, today.
Launched by GreenSync in August 2017, deX is the industry backed marketplace that will transform the way energy is shared, stored, used and traded.
GreenSync Founder and CEO, Dr Phil Blythe, said that release of the white paper was an important step in sharing the knowledge gained over the last 18 months in collaboration with the deX partners.
“deX is a complex story to tell. It goes right to the heart of the transformation of the energy sector as it’s critical that we include distributed energy in how we reshape our grid for the 21st century.”
“deX is moving beyond the demonstration phase. We’ve proven the key concepts, we’ve shared our knowledge and the information around the architecture of the designs and we’ve consulted widely across the industry. Now it’s time for us to come together and get moving on this.”
The three product layers of deX – deX Connect, deX Vision, and deX Markets – work together to support the physical and market contracting of distributed energy resources.
deX provides multiple benefits for stakeholders, starting with homeowners and commercial businesses and ranging to energy networks, retailers, technology vendors and manufacturers, regulators and government energy agencies.
deX universal benefits
Over the past 18 months, GreenSync has brought together more than 65 partners and stakeholders to define deX’s core principles, develop the deX platform architecture and establish the deX pilot marketplace.
Dr Blythe made note of the many industry partners who have shown their support for deX and emphasised the importance of the next step – bringing the industry together.
“We are grateful to all of our partners and stakeholders for their interest and engagement with us to date. We’re working closely with the key players in the industry, be that system operators, networks and retailers, on a vehicle that will enable deX operation across the country.”
“The make-up of this might differ in far north Queensland to Victoria or South Australia and we need to recognise this in the roles and responsibilities different players will take on in each region.
“That’s really the next story for deX… stay tuned as we’ll be releasing details on this new vehicle in the coming weeks.”
The deX white paper covers
- The key context and trends that underpin changes in the energy sector.
- The components required to create an effective decentralised energy market place.
- The three product layers GreenSync are building into deX; connect, vision and markets.
- The universal benefits opportunities for players across the energy landscape arising from deX.
- A roadmap of activity for deX projects, partners, papers and policy through 2018-19.
Funding for the deX concept was announced in February 2017 through the Australian Renewable Energy Agency (ARENA) following its initial development through A-Lab, the agency’s award-winning innovation lab.
Download the white paper here.