Canadian utility creates marketplace for DER households using blockchain technology

Rooftop Solar

Canada’s largest municipally-owned electric utility has launched a pilot program that allows customers with distributed energy resources (DERs) to participate in an energy marketplace using blockchain technology.

Alectra has launched a transactive software platform, GridExchange, to enable customers with solar panels, battery storage, and electric vehicles to participate in a marketplace. Twenty-one households in Ontario will participate in the three-month pilot program.

“The GridExchange pilot project plays a pivotal role in supporting consumers by offering them greater control over their energy usage,” said Brian Bentz, president and CEO, Alectra Inc. “In alignment with Alectra’s commitment to be net-zero by 2050, the launch of GridExchange will help us continue to lower emissions and create value for customers and the Ontario power grid.”

Customers in the pilot program will be compensated with cash and rewards for participating in clean energy transactions.

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John Engel is the Content Director for Renewable Energy World. For the past decade, John has worked as a journalist across various mediums -- print, digital, radio, and television -- covering sports, news, and politics. He lives in Asheville, North Carolina with his wife, Malia. Have a story idea or a pitch for Renewable Energy World? Email John at john.engel@clarionevents.com.

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