I presented “Energy as a Service: Blockchain & The Emerging Energy Cloud” at ASU Law’s Governance of Emerging Technologies & Science (GETS) Conference (https://events.asucollegeoflaw.com/gets/) on May 23, 2019 in Phoenix, AZ. It details the transition from traditional one-way power grids to two-way grids to an energy cloud with emerging peer-to-peer and transitive energy markets enabled by blockchain. A newly decentralized power ecosystem with low friction brokering and transactions, accompanied by regulatory reform, will be foundational for the fourth industrial revolution and offer new solutions to industry and sustainability issues.
3. DER Infrastructure Example
Source: U.S. NIST National Cybersecurity Center of Excellence (NCCoE)
https://www.nccoe.nist.gov/
Distributed Energy Resources (DER)
5. Source: MTU Onsite Energy GmbH (https://www.mtuonsiteenergy.com/)
Main
Supply
Switch
Gear
Load
Microgrid
Controller
Gensets
Renewables
UPS
Intelligent
System
Energy
Storage
Main
Breaker
6. The 4th Industrial Revolution (4IR) and the Role of Energy
Source: Indigo Advisory Group (https://www.indigoadvisorygroup.com/blockchain)
20. Energy Web Technology Stack
Source: Energy Web Foundation 2018 (https://energyweb.org/)
21. Blockchain in Energy Markets Industry Segmentation
Source: Global Market Insights
https://www.gminsights.com/industry-
analysis/blockchain-in-energy-market
22. Source: Cleantech Group 2017 (https://www.cleantech.com/blockchain-meets-energy-state-of-the-market/)
Blockchain Meets Energy State of the Market
26. Arizona as an Innovation Hub
FinTech: Electronic Signatures & Regulatory Sandboxes
• Early State legislation recognizing electronic signatures recorded on
blockchains & enabling validity of smart contracts. Subsequently
revised and refined. Arizona emerging as a choice location for
blockchain companies that develop apps based on smart contracts.
• Arizona’s Financial Technology (FinTech) Sandbox was the first in the
nation to create a state-level regulatory sandbox allowing limited
access to Arizona’s market for testing innovative financial products or
services under the purview of the Attorney General’s Office without
needing full state regulation. Six current participating companies.
• Arizona’s Property Technology (PropTech) Sandbox signed into law
March 2019 to enable testing of residential real estate product &
service innovations (such as Offerpad, Opendoor & Roofstock).
• Municipalities are prohibited from regulating blockchain nodes &
mining in residential as well as commercial settings.
• Mature, versatile intrastate crowdfunding platform in place.
• Arizona Corporation Commission docket on energy & blockchain.
• Arizona Technology Council State FinTech Public Policy Positions
on: MTL Regulation, State Regulatory Reciprocity, Decentralization.
27. Arizona as an Innovation Hub
Energy Blockchain Peer-to-Peer & Transactive Marketplaces
The ACC has opened a docket to examine the use of blockchain
technology in Arizona’s energy industry to help manage the
distributed power generation and storage, transactive energy,
renewable energy credits, tokenization, IoT, cybersecurity, and
other applications for distributed ledger technologies on the grid.