Alectra’s GridExchange pilot project aimed to engage 21 residential households and 4 local businesses in managing distributed energy resources (DER) through a peer-to-peer energy trading platform called the GridExchange App. Launched in collaboration with Natural Resources Canada, Sunverge, the University of Waterloo, FLO, and Savage Data Systems, the project enabled participants to buy, sell, and share locally produced energy within their community, while also receiving financial compensation for their contributions.
The project utilized blockchain technology to facilitate secure energy transactions and allowed Alectra to balance energy supply and demand through automated systems. By participating, residents were able to reduce greenhouse gas emissions, lower their energy bills, and support the development of decentralized energy systems.
Parameter |
As designed |
As built |
No. of participants |
25 (21 residential customers and 4 local businesses) |
25 (21 residential customers and 4 local businesses) |
Generation (kWp) |
0 (the project did not introduce new generation) |
0 (the project did not introduce new generation)
|
Storage (kWh) |
0 (the project did not introduce new storage)
|
0 (the project did not introduce new storage)
|
Unit price ($/kWh) |
n/a |
n/a |
Project cost ($) |
$5,624,573 CAD |
$5,624,573 CAD |
As found in project documents and our own research (Lopez & Walker), the major impacts of the GridExchange project included:
“GridExchange exceeded my expectations after I used it. I thought it was going to be more “test like”, but it was a very nicely finished product.” – GridExchange Participant
If you were repeating the pilot project: what would you have done differently, what are your key lessons learned and key takeaways?
Key takeaways
Based on what we saw in the GridExchange project, a novel and relatively complex blockchain software platform can help better utilize clean energy resources, lower energy costs and emissions, and through an easy-to-use app, be fun for participants. There were a range of other, unexpected benefits including increasing environmental awareness and instilling a sense of pride in those participating.
Success in this project was likely due to a combination of factors such as the right project partners, participant selection/recruitment, and the introduction of local businesses where customers could use their rewards.
Pilot projects interested in mirroring successful elements of GridExchange should ensure that there is a range of energy system and participant benefits as were seen here.
What outcomes are anticipated from the pilot?
What outcomes were delivered by the pilot?