Blockchain demonstrator helps energy companies explore the potential of distributed ledger technologies

Systems, engineering and technology consultancy, Frazer-Nash, has been working with the Energy Innovation Centre and three of the distribution network operators (DNOs): SP Energy Networks, Scottish and Southern Electricity Networks, and UK Power Networks, as well as Cardiff University, to imagine the future of the distribution network.

The company has developed a demonstrator tool that is helping the DNOs to explore Blockchain and Distributed Ledger Technologies (DLTs) more broadly, as a potential solution for solving new challenges posed by their transition to being Distribution System Operators (DSOs), such as contracting with distributed energy resources (DERs).

Frazer-Nash Renewables and Future Networks Consultant, Tom Bransden, explains: “DNOs will have to manage high levels of distributed generation, flexible loads and energy storage, as part of the transition towards DSO. This more active role may require large numbers of contracts with DERs, and multiple transactions for multiple resources to be approved at high frequency over the course of a day. The DSO will need effective, accessible and neutral technology solutions to help them do this.