U.S. DOE Awards Grant to ComEd, Partners to Advance “Energy Internet”
09 August 2019 - 10:36PM
Business Wire
Blockchain expected to enhance security,
support use of renewable energy
The U.S. Department of Energy’s (DOE) Office of Science has
awarded a $1.05 million grant to energy company ComEd, the
University of Denver, Virginia Tech and software specialist BEM
Controls to create an energy internet that will enhance building
energy management and benefits to occupants.
The award provides funding to commercialize a blockchain-based
transactive energy platform developed by BEM Controls with funding
from the DOE. Blockchains use multiple servers that operate like
decentralized record-keeping and verification systems. They are
seen as a promising solution for energy companies bringing more
distributed energy resources (DER) onto their systems and creating
marketplaces offering an array of Internet of Things (IoT) devices
and innovative energy services. The BEM Controls software
incorporates time-based energy management and control of interior
spaces in buildings to achieve greater energy efficiency,
reliability and resiliency. ComEd will use its Grid of the Future
Lab to demonstrate the functionality of the system, which will be
developed over three years.
“Energy management technology has the potential to make a very
positive impact on the environments in which we live and work,”
said Terry Donnelly, president and COO, ComEd. “ComEd’s Grid of the
Future lab will play an important role in advancing the science in
this field and support our efforts to deliver a premier customer
experience.”
“The growing proliferation of distributed energy resources calls
for advanced management frameworks that support peer-to-peer
communications while being fast, scalable and secure,” said Dr.
Amin Khodaei, Chairman of the Electrical and Computer Engineering
Department at University of Denver. “Now is the time to develop and
demonstrate the technologies that can make a more sustainable and
resilient future possible.”
While in early stages of development, interactive energy
platforms are gaining attention for their potential to manage
volatility caused by the growth of distributed energy resources.
BEM Controls selected blockchain to support its open architecture
due to its recognized ability to ensure security for a broad range
of transactions.
The Virginia Tech team is led by Prof. Saifur Rahman, founding
director of the Virginia Tech Advanced Research Institute, IEEE
fellow and president of the IEEE Power and Energy Society.
ComEd is a unit of Chicago-based Exelon Corporation (NYSE: EXC),
a Fortune 100 energy company with approximately 10 million
electricity and natural gas customers – the largest number of
customers in the U.S. ComEd powers the lives of more than 4 million
customers across northern Illinois, or 70 percent of the state’s
population. For more information visit ComEd.com and connect with
the company on Facebook, Twitter and YouTube.
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