ElectronConnect is a digital flexibility market platform that unites electric utilities, grid operators, and distribution system operators (DSOs) with flexibility service providers (FSPs), such as battery storage operators, electric vehicle fleets, etc.
Through the platform, DSOs can effectively manage peak-time demand by procuring flexibility services from FSPs, while FSPs gain additional revenue opportunities by participating in competitive flexibility markets.
How it works:
FSPs register and qualify: Through the platform, providers of flexibility services can pass commercial qualification, register their assets, qualify those assets based on technical and regulatory criteria, and prepare to participate in market events.
DSOs run competitive auctions and competitions: DSOs post flexibility service requirements, and FSPs bid in auctions to provide the required grid support services.
Contracting and settlement: FSPs secure contracts and are compensated for their services, while DSOs gain real-time, cost-effective access to flexibility.
Real-time coordination: ElectronConnect can support the execution and monitoring of flexibility services in long-term and near real-time markets, ensuring seamless integration with grid operations and the insights that come with it.
By monetising flexible energy assets, ElectronConnect helps DSOs manage peak loads, defer network reinforcements, and reduce carbon emissions by enabling a more dynamic and responsive electricity network.
What makes ElectronConnect different?
Increased DER integration: The platform supports the integration of various DERs, including batteries and electric vehicle fleets, enabling these assets to register, qualify, and bid for flexibility service contracts.
Configurability: ElectronConnect supports various trading protocols and market types, allowing each step of the market process to be tailored to specific customer and geographical needs.
Ease of use: Designed with both market operators and flexibility providers in mind, the platform offers an intuitive web application and API access, delivering a seamless user experience for grid operators and assets of all sizes.
Scalability: Built on proven, scalable technology, ElectronConnect is capable of handling thousands of markets and millions of assets simultaneously and in real-time, ensuring it can grow alongside the evolving energy landscape.
Connectivity: The platform offers integration support for a wide ecosystem of operational and network management systems, enabling enhanced automation and coordination. This connectivity becomes increasingly important as flexibility procurement moves closer to real-time operations.
Industry expertise: As a global pioneer in flexibility market design, Electron brings a diverse and growing ecosystem of flexibility providers and third-party integrations, offering DSOs access to a wealth of industry knowledge and experience.
Are you interested in using ElectronConnect to run flexibility markets?