Blockspace Energy
Blockspace Energy
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Welcome to Blockspace

Welcome to Blockspace Welcome to Blockspace Welcome to Blockspace
Get in Touch

Welcome to Blockspace

Welcome to Blockspace Welcome to Blockspace Welcome to Blockspace
Get in Touch

DIGITISE ELECTRICITY & INCREASE FLEXIBILITY

With Borderless Electricity Markets & Analytics

Blockspace is an energy information startup focused on improving electricity network accessibility & efficiency, our goal is to enhance the distribution network's value & stability through innovative solutions. We enable grid users to communicate their beliefs, knowledge & connection value.


  • Blockspace promotes better use of the network with a new type of electricity service, we call this a Delivery Credit Market & this approach provides a more stable, predictable way to handle grid capacity upgrades & integrate new technologies.
  • By making it easier to find hosting capacity in networks, increased reliability funding for utilities is possible, enhancing the control over capacity & increasing overall grid efficiency.
  • Our goal is to create a more efficient & resilient energy grid, creating the missing market that ultimately drives better connectivity & reduces risks for all participants.


The traditional equivalent is a basis type swap or financial transmission right, however the Delivery-credit (dkWh) is a far granular version & used in the distribution network, to shape & value flexibility of distributed energy resources (solar+batteries, smart-chargers & other enablers), the use case is a precursor to Distributed Locational Marginal Pricing (DLMP)


We combine this with blockchain-enabled distributed computing to scale and commercialize distributed Real-Time Optimal Power Flow analysis. This helps capture high-quality data at the meter, aiding utilities & other participants in making more informed real-time decisions.


LEADERSHIP TEAM

Craig Lusty

Craig Lusty

Craig Lusty

Power engineer with 2GW+ of projects, founder of NZ Bitcoin startup GridShare, established Blockspace Energy to create a value machine on the edge of the grid to allow risk trading around power flows | 

| Based in Motueka, New Zealand

Marc Arnold

Craig Lusty

Craig Lusty

Grand Chessmaster, finance & energy trader with a pioneering spirit, skilled in International business & BA in public affairs, working furiously on a MSc in Computer Science, and the Blockspace business case |

| based in New York , USA 

Dr James Hyungkwan Kim

Dr James Hyungkwan Kim

Dr James Hyungkwan Kim

With a passion for pioneering market driven sustainable energy solutions & a robust academic foundation backed by a PhD in Applied Economics and a BSc in Computer Science and Industrial Engineering | 

| Based in San Francisco, USA

Konrad Hurren

Dr James Hyungkwan Kim

Dr James Hyungkwan Kim

Lead Economist & Econometrician responsible for developing mathematical models to describe economic phenomena, Bcom Accounting & Economics, a power house of applied practical validation & presentation |

| Based in Auckland, New Zealand

THE PROBLEM IS ACCESSIBILITY

Inflexibilty

Poor technology performance

Poor technology performance

Modern grids are demanding flexibility due to the inherent volatility of renewable generation, & growth of unpredictable electrical loads, AC-OPF analysis needs a breakthrough

Poor technology performance

Poor technology performance

Poor technology performance

Grid support products like batteries & other bespoke products or services, are difficult to value and reliably incentivize, their operation also varies between energy only and capacity markets.

Faster markets

Poor technology performance

Faster markets

With increasing renewable abundance, all future markets will need near instantaneous balance, technically & economically

Liquidity

Exclusive grid

Faster markets

Without flexible risk trading; the utility cannot implement cost-reflective network charges that reflect the level of congestion at different locations in the network.

Exclusive grid

Exclusive grid

Exclusive grid

The current market designs in the electricity sector are facing a significant challenge when it comes to adequately reflecting the preferences of energy consumers

Unsustainable

Exclusive grid

Exclusive grid

In some cases the traditional market mechanisms fail to capture the rapid changes and complexities associated with the modern electricity landscape

SOLVED WITH BLOCKSPACE

Find out more

SHAPE THE EDGE ECONOMICALY

Dynamic Network Pricing

We align participants incentives for capital investment, we provide participants a physical delivery valuation and financial risk mitigation; we essential offer a market for electricity delivery & reliability, to trade cost risk of reliability improvement, increasing financing options for grid connections.

Delivery-kWh’s (dKWh) differentiate connections

Using an order book of Delivery-kWh swap contracts we can identify & enable dispatch signals, and Dynamic Network Pricing, ours is a very granular platform and can be established wherever power flows across connections can be measured, leading to better discovery of valuable opportunities.

Using connection value as an economic framework for differentiating DER

This allows risk trading around power markets, to achieve efficient outcomes, identifying value of new connections like EV chargers, demand side flexibility or technologies with resilience & resource adequacy benefits; extracting it to offer an affordable pathway to enable upgrades & stabilize volatility

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