This project creates a commercial platform to integrate distributed energy resources (DERs), including solar, into markets as a means to increase the potential penetration rate and decrease soft costs. The software platform will facilitate this market access through a combination of open source data repositories and enhancements to existing DER asset management software. Finally, through this project, Genbright will demonstrate both the technical capability of the platform on a small scale of diverse DERs and the commercial potential to expand to a much larger portfolio of DERs.
The project team will identify the specific technologies, applications, and markets in which it will demonstrate the project’s technical capabilities. The team will then specify the data repository and software enhancements to be developed. The data repository will provide all the specificity required for technology manufacturers to integrate software and hardware into their products. Additionally, the platform will be capable of sending and receiving the necessary operational, market, and measurement data for the products. The software enhancements will use the data to facilitate integration of DER technologies into multiple market products at the retail and wholesale levels.
This first-of-its-kind commercial platform will allow developers to extract the full potential of solar’s value stack. Each energy attribute will be specified as a product that can be bought and sold independently of other attributes to multiple off-takers. This project has the potential to increase the value of solar projects by building the trading and data communications tools needed to qualify these projects for participation in real-time energy and ancillary services markets. By making projects eligible for additional revenues, adoption will increase.