How might we incentivize consumers to communicate energy demand and production to allow all stakeholders to balance the grid?
September 11 – 13
September 11 – 13
Enable the entire energy sector to transition from an ego-system to an eco-system, where everyone and anything is incentivized to share demand AND production of green power. You will co-create the fast and energy efficient digital power market commons by developing a protocol communication layer to power an awesome fossil-free future within one generation.
The power system is becoming increasingly more decentralized and complex, with an increasing number of prosumers (customers using solar PV), microtransactions and a renewable energy mix, all while the electricity demand is rising due to the electrification of transport and industry. Balancing the grid is and will be more and more difficult, expensive and risky, and current balance solutions only include big industry players. In the future, customers will have to help stabilize the power system.
The energy sector is striving to make the best of these developments, but so far the sector remains fragmented with a large number of initiatives and pilots spread over start-ups, scale-ups, countries, DSOs, TSOs, utilities, and regulators.
The power grid is one of the most sophisticated infrastructures ever built. By building the energy ecosystem on a digital protocol layer, the network will become fit for a fossil-free future and will prevent major and costly physical grid investments that will impact the grid and its customers. It will make the power system more robust and transparent, enabling anyone to build an infinite amount of business cases on top of your solution.
A WINNING TEAM WILL...
Show its potential by leveraging its token engineering and knowledge of market mechanisms.
Show its creativity by coming up with a radical new way of supporting the creation of a digital power commons.
Build a solution that can handle several thousand of secure transactions per second.
Interconnected and inclusive.
WITH THE WINNER
Vattenfall is committed to supporting the winning team in the future development of their product if their solution is relevant to Vattenfall’s business strategy. The support will depend on the team’s needs and ambitions as well as the strategic fit for Vattenfall.
THIS CHALLENGE CONTRIBUTES TO SOLVING:
7.2 The solution will be contributing to the substantial share of renewable energy in the global mix.
9.4 The solution will contribute to the upgrade of infrastructure & retrofit industries to make them more sustainable.
Technically strong teams, with sufficient knowledge of market mechanisms and token engineering expertise. The team would benefit from knowledge/experience in the energy market.
START YOUR JOURNEY
Have you already seen the trailer?
Get an ultimate headstart in hackathon preparation
February 4-5 in The Hague, The Netherlands.
Engage with a global ecosystem of like-minded innovators and entrepreneurs.
The Odyssey community platform is the place to connect online. Find team-mates and experts on a needed subject, and meet the challenge leads and their stakeholders, anytime before the hackathon.