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September 2019 |
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TC9 selected by NIST to develop Open Source Software for Transactive Energy Markets
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Pittsboro, NC-August 2019
TC9, Inc. was selected by National Institute of Standards and
Technology (NIST) to develop open source software for Transactive
Energy Bilateral Markets based on the NIST Common Transactive Services.
Under the contract, TC9 will develop open source software (OSS) for agents for a transactive energy market. The software will be used to model the use of transactive energy to manage power distribution within a neighborhood. Transactive Energy is a means to balance volatile supply and consumption in real time. Experts anticipate the use of Transactive Energy to support wide deployment of distributed energy resources (DER) across the power grid.
TC9
will develop Transactive Energy Agents (TEA) able to participate in a
local power market, as well as the local power market platform
supporting bilateral trading. The market itself will act as a TEA to
interact with the wholesale power market. All interactions will be
standards based, using the interactions refined as the NIST Common
Transactive Services (CTS) for energy markets.
Transactive Energy (TE) uses time-based markets to enable independent agents to coordinate their activities. Each agent may represent a home, a retail business, a standalone generator, or a power storage system. TE supports rapid technology innovation even as it provides close coordination between systems. Smart energy is an emergent behavior of a local market in power.
Interested
parties can watch the progress of this work in public GitHub of The
Energy Mashup Lab. All code will be available under an Apache 2.0
license.
TC9
specializes in human and business centered communications with control
systems and the Internet of Things. TC9 helped write the US national
smart grid roadmap and has led development of communication standards
for control systems, smart energy, and cybersecurity.
[an error occurred while processing this directive]For more information, contact:
Toby Considine
+1(919)619-2104
Toby.Considine@gmail.com
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