The pessimist in me is expecting someone to come in here to tell us why this isn’t as good as it seems, but this seems good. Them stating it will only get more common seems great!
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.
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.
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 have yet to see anything legal which actually benefits from a blockchain (and isn’t about the blockchain stuff itself, like trading crypto currencies).
Previously this timestamping was accredited by notaries. This had the problems of cost and the trust in a notary did not translate well internationally.
Now it is almost free to do and the cost of manipulating a blockchain (if possible at all) far outweighs the potential gain from malice.
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?
It’s good for magazines writing about it. It’s not a big deal otherwise, as it seems to be an outlier which will average out very quickly. I haven’t seen any indication on whether this will happen more often in the future. Anybody got some data?
It depends. In Germany a lot of renewable are guaranteed to get a certain amount of money per kwh, so they don’t care about negative prices. The ones that loose are coal/nuclear that can not be turned off fast enough.
The pessimist in me is expecting someone to come in here to tell us why this isn’t as good as it seems, but this seems good. Them stating it will only get more common seems great!
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.
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.
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.
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 have yet to see anything legal which actually benefits from a blockchain (and isn’t about the blockchain stuff itself, like trading crypto currencies).
You won’t. Quote me on it.
I’ve been working with a company that uses a very common blockchain to timestamp documents/artwork/data etc.
It’s a niche use case but it simply couldn’t be done before the existance of blockchains.
Could you elaborate why a blockchain is beneficial here? The use case “timestamp documents/artwork/data” does not call for a blockchain to me.
Previously this timestamping was accredited by notaries. This had the problems of cost and the trust in a notary did not translate well internationally.
Now it is almost free to do and the cost of manipulating a blockchain (if possible at all) far outweighs the potential gain from malice.
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?
It’s good for magazines writing about it. It’s not a big deal otherwise, as it seems to be an outlier which will average out very quickly. I haven’t seen any indication on whether this will happen more often in the future. Anybody got some data?
Well, negative prices for energy are probably not too good if you are a company that builds solar and wind energy parks.
It depends. In Germany a lot of renewable are guaranteed to get a certain amount of money per kwh, so they don’t care about negative prices. The ones that loose are coal/nuclear that can not be turned off fast enough.