GreenSync releases deX whitepaper to the industry

Greensync
Dr Phil Blythe, founder and CEO of GreenSync

Australian energy tech company GreenSync has today released its first whitepaper on the decentralised energy exchange (deX).

The whitepaper, Creating the grid of tomorrow, today, outlines the key context and trends that underpin the rationale for deX, the three product layers, universal key benefits and the roadmap of key features through 2018-19.

Launched by GreenSync in August 2017, deX is the industry-backed marketplace that will transform the way energy is shared, stored, used and traded.

GreenSync founder and CEO Dr Phil Blythe said release of the whitepaper was an important step in sharing the knowledge gained in the past 18 months in collaboration with the deX partners.

“deX is a complex story to tell. It goes right to the heart of the transformation of the energy sector as it’s critical that we include distributed energy in how we reshape our grid for the 21st century,” he said.

“deX is moving beyond the demonstration phase. We’ve proven the key concepts, we’ve shared our knowledge and the information around the architecture of the designs and we’ve consulted widely across the industry.

“Now it’s time for us to come together and get moving on this.”

The three product layers of deX – deX Connect, deX Vision, and deX Markets – work together to support the physical and market contracting of distributed energy resources.

deX provides multiple benefits for stakeholders, starting with homeowners and commercial businesses and ranging to energy networks, retailers, technology vendors and manufacturers, regulators and government energy agencies.

In the past 18 months, GreenSync has brought together more than 65 partners and stakeholders to define deX’s core principles, develop the deX platform architecture and establish the deX pilot marketplace.

Funding for the deX concept was announced in February 2017 through the Australian Renewable Energy Agency (ARENA) following its initial development through A-Lab, the agency’s award-winning innovation lab.