By Maria Hartas, DCMME Graduate Assistant
Microgrids have transformed the transmission of electricity, and South Korea’s largest power utility company Korea Electric Power Corporation (KEPCO) plans to augment this system using blockchain technology.
The company’s project, “KEPCO Open Micro Grid Project”, will reportedly integrate energy and blockchain technologies with the existing microgrid system. The KEPCO Open MG power source is a fuel cell which addresses the current difficulty in supplying stable power. Unlike consisting of photovoltaics, wind turbines, and energy storage devices, the improved microgrid will be using power-to-gas technology. Converting excess electricity into hydrogen, which can be converted to electric energy through fuel cell, will provide a continuous supply of power.
Blockchain use case
The KEPCO Open MG will implement its blockchain to remove the existing bottleneck created by attempting to connect different microgrids. Eliminating the existence of multiple technical standards by separate providers could potentially enable network operators, customers and energy stakeholders to be more efficient in connecting operationally.
How can blockchain technology increase energy efficiency?
How could a microgrid be developed using blockchain technology?
How is blockchain technology driving energy conversion?