It’s really good. So called “dynamic contracts” with hourly pricing known only a day in advance are on the rise. Lots of people whithout access to solar can still benefit strongly this way by timing useage of things like washer/dryers etc.
Lots of these devices are also becoming “smart” now to automatically pick a good pricing window.
Are there any of those smart devices that just take the price data and time their actions based on that instead of gathering all the data they can and sending it to some cloud application?
Funny, how even this, which was an often cited use case for smart contracts of more sophisticated blockchain token like Ether, is totally not dependent on any blockchain.
i’d like to emphasize on this. Our energy grid was so far demand driven. The conventional power plants adjusted their output to the demand.
Continueing on this path with renewables is only possible using extraordinarily many storage systems, which are very very expensive.
If we eevelop systems that flexibilise the energy demand, based on when suplly is available, we can reduce the needed storage capacity. This is already done for systems such as warehouse cooling and generally industrial applications will be vital. Still there is large potential within households too. Refrigeration, water heating, laundry and dishwashers all can provide a valuable flexibilisation of energy demand.
With private households its more tricky though, as you need to avoid all appliances in every household to jump at the cheap energy, creating a demand peak exceeding the supply.
Well, more and more people are buying these big batteries with wheels on them. They sure could be part of the solution, if more of them were to support v2h.
It’s really good. So called “dynamic contracts” with hourly pricing known only a day in advance are on the rise. Lots of people whithout access to solar can still benefit strongly this way by timing useage of things like washer/dryers etc. Lots of these devices are also becoming “smart” now to automatically pick a good pricing window.
Are there any of those smart devices that just take the price data and time their actions based on that instead of gathering all the data they can and sending it to some cloud application?
Funny, how even this, which was an often cited use case for smart contracts of more sophisticated blockchain token like Ether, is totally not dependent on any blockchain.
i’d like to emphasize on this. Our energy grid was so far demand driven. The conventional power plants adjusted their output to the demand.
Continueing on this path with renewables is only possible using extraordinarily many storage systems, which are very very expensive.
If we eevelop systems that flexibilise the energy demand, based on when suplly is available, we can reduce the needed storage capacity. This is already done for systems such as warehouse cooling and generally industrial applications will be vital. Still there is large potential within households too. Refrigeration, water heating, laundry and dishwashers all can provide a valuable flexibilisation of energy demand.
With private households its more tricky though, as you need to avoid all appliances in every household to jump at the cheap energy, creating a demand peak exceeding the supply.
Not quite, if you had night and day price differences, those existed to encourage people consume on a time that was more convenient for the producers.
Well, more and more people are buying these big batteries with wheels on them. They sure could be part of the solution, if more of them were to support v2h.