System Architecture
The first morning showed off the ESIF’s model of how to secure the un-securable.
Transactive energy describes a pattern of integration where parties exchange the value or a commodity resource [power] over time and make forward commitments to sell or purchase that commodity. The Common Transactive Services (CTS) can be used in central auction-type systems, where a single entity announces or broadcasts prices or in markets were two or more parties come to a mutual agreement on price and delivery.
All forward transactions are committed, that is one party commits...
One of the most influential insights into smart energy was defined by Robert Galvin in his vision for Perfect Power. Perfect Power turned the vision for the grid upside down, with each facility and each home responsible for its own power, acting as microgrids. These building-based microgrids would interact with their nearby peers, to gain resilience in operation and quality of supply across a neighborhood. Groups of neighborhoods would then interact at a larger scale. The Galvin Project promulgated the vision of Perfect Power, reliable, efficient, without single points of failure—and eventually the best way to incorporate distributed energy resources (DER) into the power supply.