Blockspace Energy is a startup venture to develop a modern flexible trading technique, not for production but for merit order electricity delivery, its an exchange, presented in an open trusted environment all using whats essentially a Digital Kilowatt Hour (dKWh).
The traditional equivalent is a basis type swap or financial transmission right, but our design 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 also better known as Distributed Locational Marginal Pricing (DLMP)
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
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
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
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
Modern grids are demanding flexibility due to the inherent volatility of renewable
generation, & growth of unpredictable electrical loads
Grid support products like batteries & other bespoke markets, are difficult to value and
reliably incentivize, their operation also varies between energy only and capacity markets.
With increasing renewable abundance, all future markets will need near instantaneous
balance, technically & economically
Without flexible risk trading; the utility cannot implement cost-reflective network charges
that reflect the level of congestion at different locations in the network.
The current market designs in the electricity sector are facing a significant challenge when it comes to adequately reflecting the preferences of energy consumers
In some cases the traditional market mechanisms fail to capture the rapid changes and complexities associated with the modern electricity landscape
In our proposal includes a virtual insurance scheme for electric service interruptions, where we align incentives for capital investment, and provide participants with physical and financial risk mitigation; we essential have design a merit order marginal bid stack for electricity delivery
Our system is a digital twin utility called a Digital Electric Trust, a form of decentralised autonomous organisation , this is a co-operative which runs an order book of demand swap contracts to identify & enable SPD signals, and Dynamic Network Pricing
This allows risk trading around power markets, to achieve efficient outcomes, identifying value of 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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