US Department of Energy Research Lab Explores Blockchain for Power Gridsbr>
The Pacific Northwest National Laboratory (PNNL), one of the US Department of Energy’s national laboratories, is investigating blockchain technology for managing smart power grids.
PNNL manager Carl Imhoff said that blockchain could be a part of grid modernization efforts, encourage distributed power generation and storage systems, and help secure emerging market constructs. He added that the laboratory is currently working with the DOE and industry partners to determine the optimal use of such resilient data concepts as blockchain in emerging market constructs such as transactive energy.
Imhoff stated that advanced technologies such as blockchain will enable new paradigms of power system design to actively defend against cyber-attack and other risks facing the modern grid.
Earlier this year, the DOE ventured into blockchain research, including inviting proposals for specific blockchain use cases for energy systems.