As the four horsees of the Apocalypse, artificial intelligence, the Internet of Things, big data analysis and blockchain technologies penetrate different sectors, the saying ‘Data is New Oil‘ is insecurating day by day.
With the same logic, we can say that energy is the new internet. How is that? Let’s brainstorm a little. Let’s imagine the data generated from sensors, social media, corporate systems as a fuel.
Considering the increasing volume of data that is superlally increasing today, it would make more sense to think of this fuel as an unlimited renewable energy source, such as solar and wind, rather than a fossil energy with limited resources.
Just as our energy problem is not due to the lack of unlimited energy sources in nature, but because of our inability to capture and store energy efficiently, the data is new oil.
Just as we can’t convert solar radiation into consumable electricity without a solar panel; Without data mining and artificial intelligence technologies, we can’t translate raw data into useful information, we find ourselves in a data dump.
Like oil and data analogy, the development processes of energy and internet networks are very similar.
Our energy network is also expanding its coverage, from analog to digital, in steps similar to the internet network’s baby steps from 30 years ago.
The term “enernet” is used for the internet network of energy, which is being ed by companies like Tesla.
Let’s Give You a Spoiler
Isn’t the resemblance unfathomable?
While we can do so much analogy on the technological side, we can say the same about energy and internet business models.
Actually, we’re giving you a spoiler right now. Imagine being in 1992 and looking to the future.
Now can you manifest the same explosion of job opportunities, creative destruction for the enernet giants?
So what is this enernet?
For Enernet, it is a dynamic, multi-participation next-generation energy network created for the purpose of producing, storing and distributing clean energy.
Already, since the time of Tesla and Edison, our energy grid has been stitched, spread all over the world.
Enernet is the energy network that will emerge when it updates its existing energy grid infrastructure with technologies such as sensors, artificial intelligence, blockchain, innovative cloud services.
This network brings with it efficient energy production, transmission, distribution and consumption.
In addition, to be able to make much more use of distributed energy production sources such as solar and wind through micro-grids; energy storage systems, which we can be as flexible as we’ve never been before.
In a sense, an operating system mind is being added to the old energy grid.
Bob Metcalfe, owner of the famous Metcalfe Act, which has a significant contribution to modern telecom and internet network infrastructure, says that “we have used internet infrastructure for many years to build larger internet services, now is the time to use it to solve the energy problem”.
Elon Musk must have heard of Metcalfe, which says:
“If you have a solar roof, a Powerwall and an electric car in your home, you can solve your entire energy problem”.
Will Blockchain Be the Dynamo of Enernet, Energy’s New Network?
Most authorities believe blockchain technology will transform entire industries by folding the creative destruction created by the internet.
It seems unlikely that the energy sector, one of the most undymed sectors on the road to digitalisation, will escape this devastation.
So what are the application areas of blockchain technology in the energy vertical?
Blockchain has begun to make it possible for commercial transactions in the energy market to be done safely and transparently, to offer various incentives to stakeholders through new mechanisms using real-time sensor and meter measurements, and to be used as a registry in energy exchange/agreements.
Interestingly, a conservative and cumbersome sector, such as the energy sector, began to embrace this technology with unexpected clarity and desire.
Coincidence manager unknown, blockchain’s timing of penetration to the energy sector, exactly the consumer in the sector (consumer) producer-consumer (prosumer) transition period coincided with.
So much so that from the so-called Peer to Peer (P2P) “peer-to-peer” energy trading, blockchain’s producing consumers can be exchanged energy and financial offsets can be made thanks to the secure platform provided by blockchain to sell their energy through the already available energy grid.
In addition, incentives have started with cryptocurrencies through different gaming mechanisms for further use of innovative enernet technologies such as electric vehicles, solar panels, storage systems.
Let’s say you have solar panels on your roof and you’ve produced more energy than you consume on a sunny day.
Thanks to Internet of Things technology, instant data collected from smart meters and solar inficiers will instantly report to the platform how much energy you generate and consume, and this data will be recorded through blockchain infrastructure.
Users will be able to store electricity according to market prices on the energy exchange or sell electricity according to the supply-demand balance of electricity through the micro-grid they have set up with their neighbors.
Payment and invoice transactions related to trade between buyer and seller party will also take place through smart contracts and will be recorded.
So the intermediaries will get out of the way, people will be able to trade according to the market structure and conditions they have created, transparency will increase, even a small landlord will be able to use the trading mechanisms owned by a gigantic energy company.
A New Uber Is Born?
As electric vehicles enter our lives more and more, the establishment of more common charging station networks for the energy needs of these vehicles has become essential.
In the scenario where millions of electric vehicles will hit the road, which is not far away, electricity demand will increase superlally.
A very valuable resource will come with it: energy storage capacity, which is normally very expensive…
Imagine, if you have an electric vehicle, you actually own a mobile energy storage unit. How can you make money from this?
Blockchain and Enernet
Blockchain and enernet are also involved here.
Blockchain technology will be able to record trading here using information such as warehouse occupancy information to be received from electric vehicle charging stations, how much electricity is used, when, where, how long the vehicle is charged, when it presses back energy through discharge to the grid.
Any electric vehicle owner will be able to get extra revenue by allowing it to be used for network operations when parking their vehicle.
During times of high electricity demand, electricity supply companies will be able to use the capacity of your electric vehicle’s battery to balance energy.
Who wouldn’t want to park their car and make $100 a month from where it lies with the approval of the mobile app, and in doing so, help use fewer fossil resources because it contributes to supply-demand balancing?
Who knows, perhaps the next generation of Uber is born out of this type of enernet app…
Which Players Will Enernet Displace?
The replacement of radios, fax machines and televisions with computers and smartphones; The energy grid is also going from one-sided to two-sided, starting to allow people to access the market.
So who doesn’t put them to sleep at night?
Older generation energy companies are slowly becoming their income, doomed to sink if they don’t change the way they do business.
A software company can build a virtual grid that digitally connects thousands of homes and take on a huge nuclear power plant.
Energy distribution companies, service providers, companies that only make money from the sale of electricity/water/natural gas now embrace the next generation of digital services; they have to put it at the center of their service to customers.
One point of view is that this transformation cannot be done without the participation of current companies operating electricity transmission, distribution lines.
Just as Google didn’t kill telecom service provider Comcast, and Comcast continued to provide its ongoing infrastructure service with new models; Innovative companies that operate the energy grid can also embrace this change, transforming themselves by tearing them down without anyone else tearing them down.
To do this, they are open to innovation, working more closely with technology initiatives; they need to invest in them, even buy them organic parts.
https://techcrunch.com/2017/01/22/energy-is-the-new-new-internet/Microgrids and the blockchain are powering our energy future
A revolution in energy generation is happening. The days when millions of people’s electricity needs were met by a… www.wired.co.uk