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PROJECT PROFILE
Latrobe Valley
Props Received:
308
Followers:
3810
Key Project Players and Roles
| Company | Technology Provider | Advisor | End User | Other | |
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LO3 Energy
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Project Details
Project Country:
Australia
Project Phase:
Pilot
Project Status:
Active & Operating
Key Dates
Date Announced:
April 26, 2018
Date Launched:
Aug. 1, 2018
Project End Date:
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Project Description
What does the project do and how does it work?
The Latrobe Valley Microgrid focuses on testing the feasibility of a virtual microgrid. This project will demonstrate how local distributed energy resources and demand response can be incorporated into a local energy marketplace to improve the efficiency, security, and resiliency of the electricity grid, and improve economic outcomes for participants. Participants will sell excess energy generation, demand response capabilities, and network support services within the participants within the microgrid system. The project will incorporate solar panels, battery storage, and demand response. LO3 Energy’s Exergy platform provides the platform to deliver an optimal distributed energy model in the region while at the same time serving as the transaction platform between the participants.
Who is involved in the project and why?
The project involves a consortium of partners including ARENA, AusNet Services (Distribution Utility), Sustainable Melbourne Fund (disbursing loans to farmers), Dairy Australia, Siemens, and CommPower Industrial.
Where is the project located and what is the size of the region of impact?
The study includes 200 dairy farms, 150 homes and 20 industrial consumers located in Latrobe valley in the state of Victoria, Australia.
How far along is the project and are there relevant project milestones to consider?
Currently, a feasibility study is going on. ARENA hopes to expand the pilot to other agricultural areas based on the outcomes of the study.
What are the value propositions associated with this project?
The Latrobe Valley Microgrid is expected to enable new business models for distribution networks, retailers and other service providers, as well as unlocking additional value for distributed energy resource owners, ultimately reducing overall supply costs to all consumers.
What is the problem statement that is being addressed with this project?
ARENA and AusNet area focusing on reducing dependence on fossil fuels and promote microgrids and renewables to reduce carbon emissions and spending on physical infrastructure.
How is technology and innovation used to create value?
Blockchain technology, as a decentralized digital ledger, supports in peer to peer energy trading, grid stability, demand response through IoT interactions with devices, and dynamic pricing.
Industry Applications
Innovative Technologies Incorporated in the Project
IN THE NEWS
Articles about
Latrobe Valley
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ADDITIONAL PROJECTS
LO3 Energy
Project Associations
Project Name
Project Roles
Project Phase
Project Status
Date Announced
Date Launched
Project Location
Advisor
Pre-Pilot
Active & Operating
Dec. 5, 2018
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United States