News - Linyang Energy Creates Block Chain Smart Meter Application Platform

" Ubiquitous power Internet of things " proposed by State Grid company, draws the attention of the industry and the discussion of related technology and the business model is on intensive rise, leading a large number of innovative information technology application in the field of electric energy, while the block chain technology raised by digital currency sweeps decentralized across the globe with subversive image in recent years. The combination of Ubiquitous power Internet of things and the technique of block chain will bring forward a technology revolution in the field of energy.

Linyang Energy has a layout for the application of block chain technology in the field of electric power and energy. Recently, Linyang block chain research team completed the verification test of block chain intelligent electricity meter in Linyang Nanjing laboratory, including single transaction benchmark test, single transaction load test, mixed service load test, and all the indicators meet the expectations. The block chain smart meters products as the basic block chain platform can be applied to the spot trading of power energy, micro grid vending point-to-point trading power, decentralized generation, clean energy Securities trading, trading of electric vehicle charging and discharging, energy storage system participated market, electric power demand side management (DSM), and virtual power plant application scenario etc.

Blockchain is a decentralized digital data ledger that stores digital transaction information in a secure and highly transparent manner without middlemen maintaining or verifying the ledger. With the success of blockchain technology in finance and insurance, other industries, including energy and public services, are also studying, developing, testing and fully promoting the technology. Linyang Energy has conducted in-depth research on the application of block chain technology in energy measurement, management and trading, and made innovative attempts in multiple application directions.

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On the energy block chain application scenario, because of greater proportion of the clean distributed generation proportion, the electric power production and consumption is more and more tend to be decentralized, electric cars, small decentralized generation and energy storage system, and the growth of micro power grid and the expansion of power spot trading also pose challenges to the traditional centralized power companies operating mode. Therefore, more and more power generation, power grid and power selling companies are optimistic about using block chain technology to coordinate the conflicts of multiple stakeholders, and promote the efficient use of information and efficient implementation of transactions through intelligent contracts and other mechanisms.

The State Grid company plans to use "Giant, Cloud, Thing, Move, Smart" and other modern information technology and advanced communication technology, realizing each link all interconnected power system, human-computer interaction, creating state comprehensive perception, information efficient processing and application is convenient and flexible in power IoT, constituting energy of the Internet of the energy flow, business flow, data flow "third-rate unity" . At the same time, state grid explicitly proposed to use artificial intelligence, edge computing, block chain, 5G and other new technologies to build an intelligent Internet of things system. Energy blockchain technology is an inevitable product of the rapid development of digital revolution in the field of electric power and energy, and will play an important role in the technological revolution of energy production and consumption.

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Linyang Energy focuses on continuous technology innovation, long-term application of block chain technology in the field of electric power.  The company depends on its own in electric energy metering, energy data, renewable energy, micro grid technology advantage. In 2017 it began to layout block chain related research, ongoing technology investment and it is Nanjing application block chain alliance members. As the basic blockchain platform for energy measurement management and energy trading, Linyang blockchain smart electricity meter has a good application prospect.

It is believed that in the near future, after block chain technology is widely used, the power will no longer invisible, because each behavior associated with electric energy flow will be recorded on the chain. Each power users can clearly know your consumption per kilowatt-hour which comes from the service of power suppliers and how much is the proportion of green power, but also know that where their per kilowatt-hour goes, and with continuous promotion of its" Ubiquitous power, block chain in the field of electric energy application will further speed up.

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Post time: Mar-05-2020