• Project will build a first-of-a-kind shared asset register of electricity generation and storage connected to the transmission and distribution networks
Electron, National Grid Electricity System Operator, SP Energy Networks and UK Power Networks are pleased to announce a collaborative innovation project to create a shared register
for generation and storage asset data (‘RecorDER’).
The case for better data in the energy industry is well understood, with benefits ranging from improved forecasting and modelling, coordinating actions across diverse flexibility markets, 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 facilitate 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 existing
databases owned by Network Operators, 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.
The first phase of the project will focus on mapping generation/storage assets with installed capacity over 1MW, utilising existing network data.
It will also outline more advanced applications of the platform, such as improving contractual visibility of assets and functionality for mapping assets into various market procurement
processes, which will be the focus of subsequent phases.
Once complete, the project will look to extend the collaboration to incorporate more DNOs as well as mapping smaller energy resources, in turn improving system visibility.
Jo-Jo Hubbard, CEO and Co-founder of Electron, says “This is a great example of networks collaborating to deliver benefits to their customers. We are delighted to be working together with
such key, forward thinking industry partners on a shared asset register. This is an important first step in the process of integrating distributed assets and allowing them to play their full role in
balancing the electricity system.”
Carolina Tortora, Head of NGSO Innovation, says “Embracing new technology is essential to managing the energy system efficiently and RecorDER is one example of how we are working
in partnership across the industry to identify new and exciting ways to work together. If successful, this register could lay the foundations for a robust GB-wide flexibility market across
transmission and distribution, unlocking huge value for consumers and driving the transition to a low-carbon flexible energy future.”
Contact: Jon Ferris, email@example.com
Electron is a London-based energy technology company, combining blockchain and energy expertise to design and build digital infrastructure for the energy industry. The company is
developing the identity and trading platforms that will underpin the transition to cheaper, cleaner, more resilient power systems.
Founded in 2015, Electron is internationally recognised as a leader in its field, having been named a 2017 World Economic Forum “Technology Pioneer”, and recently a “Cleantech 100”
company. Electron currently operates in three countries, working alongside utilities, regulators and other technology providers to bring flexibility and coordination to energy grids.
For more information, please visit electron.org.uk
About National Grid Electricity System Operator:
Contact: Ben Davis, firstname.lastname@example.org – 07971 539 999
We are National Grid Electricity System Operator (ESO) and we sit at the heart of the electricity system in Great Britain.
As the ESO, we keep the lights on round the clock for GB energy consumers. We balance the electricity system in real time, ensuring that supply and demand is always met regardless of
what electricity is being used or what electricity is being produced. We also look ahead to what the future of energy will look like and use our insight to ensure that
we are prepared for every eventuality every day.
National Grid Electricity System Operator (ESO) became a legally separate entity within the National Grid Group on 1st April 2019. Separating the ESO business from National Grid’s
Electricity Transmission Owner (ET) provides transparency in our decision-making and gives confidence that everything we do will promote competition and is ultimately for the benefit of
About SP Energy Networks:
SP Energy Networks (SPEN) is the licensed Electricity Distributor (DNO) for Central & Southern Scotland and for Merseyside, Cheshire, North Wales and North Shropshire. They have 30,000
substations (one substation for every 100 customers), 40,000km overhead lines (once around the globe), and 70,000km underground cables. SPEN also operates the Transmission Network in Central and Southern Scotland. They take electricity generated from power stations, windfarms and various other utilities and transport it through their vast transmission network, consisting of over 4000 kilometers of overhead and 320 kilometers of underground lines. They have 129 transmission substations in their network that help us to manage extra high voltage electricity supplies.
From 2015 to 2023 SP Energy Networks plans to invest approximately £5 billion into the electricity network. To keep power supplies on the company currently manages over 110,000km
of power cables and 30,000 substations across their network area
About UK Power Networks:
Contact: James Watson, email@example.com
UK Power Networks is the country’s biggest electricity distributor, making sure the lights stay on for more than eight million homes and businesses across London, the South East and the East
of England. UK Power Networks is the first electricity distributor to be named in the Sunday Times’ Top 25 Best Companies to Work For. We are committed to providing excellent service to
the over 18m people who use our network every day. We plan to invest more than £600m a year in our network and spend over £6.6bn over eight years to 2023 to maintain a safe and
reliable electricity supply.