BALANCE
THE GRID

How might we incentivize consumers to communicate energy demand and production to allow all stakeholders to balance the grid?


APPLICATIONS OPEN
January 20




ODYSSEY CONNECT
February 4-5




APPLICATIONS CLOSE
February 24




WORKSHOPS
April-May-June




HACKATHON
September 11 – 13




ODYSSEY IGNITE
October




APPLICATIONS OPEN
January 20




ODYSSEY CONNECT
February 4-5




APPLICATIONS CLOSE
February 24




WORKSHOPS
April-May-June




HACKATHON
September 11 – 13




ODYSSEY IGNITE
October



THE CHALLENGE

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.

CONTEXT

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.

IMPACT

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.

Key element
Interconnected and inclusive.

ECOSYSTEM

Vattenfall
SolarEdge

WHAT HAPPENS
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.

SDG logo with UN Emblem_Horizontal Web

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.

ELIGIBLE TEAMS

STARTUPS
ESTABLISHED STARTUPS
SCALE-UPS
SMES
CORPORATE TEAMS

TEAM QUALITIES

Technically strong teams, with sufficient knowledge of market mechanisms and token engineering expertise. The team would benefit from knowledge/experience in the energy market.

REQUIREMENTS

PP

The solution is fully open-source and on the protocol level, preferably making use of microtransactions for settlement.

PP

Teams must explore possibilities for doing several thousands of secure transactions per second without long delays, to have cost-efficient solutions which anyone can contribute to and share for a better power system.

PP

Teams must be creative and not set up an already-existing pilot system.

START YOUR JOURNEY

Have you already seen the trailer?
Get an ultimate headstart in hackathon preparation
February 4-5 in The Hague, The Netherlands.
Join 500 ecosystem builders at the Odyssey Connect event. Meet the challenge leads and their stakeholders way ahead of the hackathon. Gain insights from international top speakers. Find team-mates.
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.

Apply for the Odyssey Hackathon 2020. Team applications are open from January 20 until February 24.
Submit your application before February 24. All teams are curated to ensure the highest quality and commitment. Early application = early curation = early confirmation. Application FAQ.