Techbricks is an Italian innovation startup developing disruptive technology solutions for the Energy and Financial sectors by merging Blockchain/DLT, Artificial Intelligence and IoT Technology bricks. We rely on long track record partners in Energy, Finance, Technology development and IPR management, to tackle EnerTech, FinTech and GreenTech global challenges in our Startup Studio.
The solution we are developing for the Blockchers programme is a Smart Grid infrastructure based on IoT, AI and DLTs, to track onto a Blockchain the Electric Vehicles (EVh) energy transactions, as to optimize their battery floating storage flexibilities.
Electric vehicles (EVh) and domestic storage systems can help TSOs and Energy Producers - in the so called “smart demand” incentive mechanisms - as to mitigate the electric network flexibility problems introduced by the penetration of renewable sources, with a potential savings of hundreds of billions of Euros in storage investments globally [source International Energy Agency Global outlook 2018]. To this extent, our infrastructure will contribute to the virtuous transaction mechanism of the ‘prosumers’ (i.e. end-users that are able to produce or consume energy depending not only on their habits but also on the market conditions).
Existing DLTs show severe limitations in scalability, energy consumption and high-frequency transactions from IoT sources. Therefore, the objective of the Blockchers funded project is also to apply a novel concept of a proprietary permissioned DLT for an IoT network consisting of EVhs and Smart Meters. This will be the first milestone to apply our technology further to more complex grids including domestic storage, Photovoltaic panels with the ultimate goal of proposing a B2B Blockchain as a Service (BCaaS) platform for TSOs, Energy producers and Smart Mobility companies.
Our BCaaS platform will be used as a turnkey solution for Energy producing Companies willing to offer a peer-to-peer settlement/payment and Smart Mobility system for their Electric Vehicle owners/customers. At the same time, TSOs will be able to monitor the increased network flexibility introduced by prosumers of the network to offer new incentive mechanisms. Furthermore, the wallets used for managing the cash flow of operations and rewards can be used to access a marketplace of energy services in the ecosystem. more