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Solar

Decentralised Energy Exchange (deX)

  • $450k

    ARENA Funding

  • $983k

    Total Project Value

  • Project basics

    ARENA Program

    Advancing renewables

    Lead Organisation

    GreenSync

    Start Date

    Feb 2017

    Project Partners

    United Energy Distribution Pty Limited, The Australian National University, Mojo Power, ACT Environment and Planning Directorate, DELWP (Victoria), ActewAGL Distribution

    Location

    Mornington Peninsula, Victoria

    Status

    Past

Project Basics

ARENA Program

Advancing renewables

Lead Organisation

GreenSync

Start Date

Feb 2017

Project Partners

United Energy Distribution Pty Limited, The Australian National University, Mojo Power, ACT Environment and Planning Directorate, DELWP (Victoria), ActewAGL Distribution

Location

Mornington Peninsula, Victoria

Status

Past

Summary

deX is a prototype online marketplace that will provide a way for households and businesses with rooftop solar and battery storage systems to be paid for allowing electricity network businesses to access their rooftop solar and stored electricity to strengthen the grid.

Need

The Australian electricity market is being challenged by significant change, and is evolving quickly away from a traditional electricity model based on large power generators and long networks. Innovative energy products and services are rapidly emerging that are giving consumers greater choice and control over their relationship with the energy market, including how their electricity is delivered and consumed.

A good example of this is the use in Australian homes of rooftop solar and battery storage systems, also known as distributed energy resources or DER.

This trend is expected to continue, creating a complex, less predictable and more interactive electricity market where the old ways of managing the power system may no longer work.

However, if harnessed correctly, the power generated and stored by Australian households and businesses can help to strengthen the grid, making it more secure and reliable.

Project innovation

The Project aims to increase the value of renewables by making it possible for the owners of DER (solar PV, batteries and demand response) to engage in market transactions with electricity network businesses who will pay.

Network businesses can use this power to strengthen the grid, and to postpone the construction of costly additional networks, benefitting all consumers through reduced electricity network bills.

This will be achieved through deX, a world-first online exchange platform for buying and selling grid-services such as power from DERs. deX is being developed with open-source software, drawing on the knowledge of leading technology businesses, energy start-ups and electricity market participants.

The project will trial the use of deX and test how an online marketplace for buying and selling power from DER would be used by customers and energy technology businesses.

More information

Contact information

Bruce Thompson

hello@dex.energy