Navigant Research Expects Blockchain to Deliver Significant Benefits to Transactive Energy

Blockchain can help mitigate the costs of dealing with issues
caused by distributed and intermittent generation

BOULDER, Colo.–(BUSINESS WIRE)–#Blockchain–A new report from Navigant
Research examines potential use cases for blockchain in transactive
energy (TE) systems within the distribution grid.

TE is a two-way grid management approach that ensures the proper
functioning of power networks that have large amounts of distributed
energy resources (DER) and allows DER owners to earn a commensurate
return on their investments. Blockchain, a technology that supports
decentralized transaction types, has emerged as a potential technology
to underpin a TE platform in the utility industry. Click
to tweet: According to a new report from @NavigantRSRCH,
while not a one-size-fits-all solution, blockchain has the potential to
deliver significant benefits to a TE platform.

“Are TE and blockchain an appropriate match in practice? There is no
simple answer to that question because of the many different blockchain
applications and TE programs,” says Stuart Ravens, principal research
analyst with Navigant Research. “We do know that blockchain’s
distributed ledger has many advantages over centralized databases.”

Blockchain, as part of a TE platform, could help mitigate the costs of
dealing with the issues caused by distributed and intermittent
generation, including power quality, equipment reliability, and network
balancing. Historically, the costs for these issues have been borne by
the utility customer base, leading to complaints that traditional
customers are unfairly burdened for the benefits enjoyed by DER owners.

The report, Blockchain
for Transactive Energy Platforms, discusses potential blockchain
use cases in TE systems. The study discusses the diversity of scenarios,
application goals, and flavors of blockchain applications and TE
programs. It also examines the requirements for TE, what blockchain
brings to the TE table and provides recommendations for potential
developers of TE solutions employing blockchain technology.
An Executive Summary of the report is available for free download
on the Navigant
Research website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides
market research and benchmarking services for rapidly changing and often
highly regulated industries. In the energy sector, Navigant Research
focuses on in-depth analysis and reporting about global clean technology
markets. The team’s research methodology combines supply-side industry
analysis, end-user primary research and demand assessment, and deep
examination of technology trends to provide a comprehensive view of the
Energy Technologies, Utility Transformations, Transportation
Efficiencies, and Buildings Innovations sectors. Additional information
about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant Consulting, Inc. is a specialized, global professional services
firm that helps clients take control of their future. Navigant’s
professionals apply deep industry knowledge, substantive technical
expertise, and an enterprising approach to help clients build, manage
and/or protect their business interests. With a focus on markets and
clients facing transformational change and significant regulatory or
legal pressures, the Firm primarily serves clients in the healthcare,
energy and financial services industries. Across a range of advisory,
consulting, outsourcing, and technology/analytics services, Navigant’s
practitioners bring sharp insight that pinpoints opportunities and
delivers powerful results. More information about Navigant can be found
at navigant.com.

* The information contained in this press release concerning the
report, Blockchain for Transactive Energy Platforms, is a summary
and reflects Navigant Research’s current expectations based on market
data and trend analysis. Market predictions and expectations are
inherently uncertain and actual results may differ materially from those
contained in this press release or the report. Please refer to the full
report for a complete understanding of the assumptions underlying the
report’s conclusions and the methodologies used to create the report.
Neither Navigant Research nor Navigant undertakes any obligation to
update any of the information contained in this press release or the
report.

Contacts

Navigant Research
Lindsay Funicello-Paul, +1-781-270-8456
[email protected]