The development of a world first Distributed Energy Resources (DER) Marketplace through Australia’s Project EDGE is on track to commence operational trialling in early 2022.
The project is making progress and project partners, AEMO, AusNet Services and Mondo are pleased to announce the following key vendors supporting research into the capability, viability and future integration of DER into energy markets.
Nous Group: Independent project manager to support the management of activities across project partners, ensuring key milestones and outcomes are delivered through to the conclusion of the trial.
The University of Melbourne: Knowledge sharing partner responsible for the development of the research plan and production of knowledge sharing deliverables. Significant engagement with industry has commenced to gain feedback on the Research Plan supported by University of Melbourne. This will improve project outcomes and evidence gained through the refinement of hypotheses and test cases to best reflect the knowledge industry seeks to gain from this Project. More information will be available late 2021 with the delivery of the second knowledge sharing report.
Deakin University: have been engaged by Mondo to deliver the Consumer Insights Study in collaboration with the project partners, providing important insights into the expectations, impact and experiences of consumers involved in the trial so that future marketplace arrangements incentivise DER owners to participate.
Energy Web Foundation (EWF): to deliver the data exchange component for the DER Marketplace, utilising international expertise in developing open-source, decentralised technology that allows multiple parties to efficiently exchange and validate data in a secure environment. EWF’s open-source operating system is designed specifically to meet the regulatory, operational, and market needs of energy grids worldwide, and will provide the opportunity for Project EDGE to test digital identities to support the facilitation of secure, efficient exchange and validation of DER data.
PXiSE Energy Solutions: to provide data processing of market transactions according to network operating limits, and to provide logic elements to deliver the wholesale energy dispatch capability of the DER Marketplace while considering the trade of local network services.
Opus One Solutions and the University of Melbourne: have been engaged by AusNet Services to deliver the distribution network components for Project EDGE. Opus One Solutions will provide their DER management system to enable the foundational Distributed System Operator (DSO) capabilities required within the project and beyond. The system will use functionality developed by the University of Melbourne to trial ways for customers to be able to use more of the available network capacity, and to derive more value from the DER, while maintaining the integrity of the local network.
Deloitte Access Economics: to provide an independent assessment of the costs and benefits associated with future arrangements tested as part of Project EDGE. Deloitte will be partnering with Energeia to deliver a robust and transparent cost benefit analysis, bringing a wealth of knowledge and expertise to this key component of the Project.
Further information from Project EDGE can be found here.