As today’s energy market becomes decentralized, energy grid operators may need to take a Web3 approach to asset management and security.
The world’s energy market is rapidly evolving, moving from hydrocarbon plants to a future centered around clean energy enabled by wind and solar power. As such, today’s energy market is shifting to an increasingly decentralized, real-time model based on distributed energy resources (DERs) including battery energy storage systems, solar arrays, natural gas generators and more. Recent findings from Allied Market Research show that the global distributed energy generation market size was valued at $246.4 billion in 2020, yet this number is predicted to reach $919.6 billion by 2030. Web3 technologies for managing energy assetsGiven today’s advancing energy market, Jesse Morris, CEO of Energy Web — a nonprofit that develops operating systems for decentralized energy grids — told
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