on the technology horizon: what’s coming up?€¦ · customer service, grid mgmt., transactive 4...

On the Technology Horizon: What’s Coming Up?

Ganesh Ayer, Honeywell

Prateek Chakravarty, Bidgely

Tony Giroti, Energy Blockchain Consortium

SEEA ConferenceCONNECTED DEVICESAnn Perreault and Ganesh Ayer

October 24, 2018

© 2018 by Honeywell International Inc. All rights reserved.

The Connected Enterprise

Bringing together the physical

and digital world to enable

informed, real-time decisions

that deliver a safer, smarter, and

more sustainable planet.

© 2018 by Honeywell International Inc. All rights reserved.

The Connected Enterprise CONNECTED BUILDINGS10M GLOBAL INSTALLED BASE

CONNECTED VEHICLES100M GLOBAL INSTALLED BASE

CONNECTED WORKERS550M GLOBAL PPE USERS

CONNECTED HOMES150M GLOBAL INSTALLED BASE

CONNECTED PLANTS10K+ GLOBAL INSTALLED BASE

CONNECTED AIRCRAFT130K TOTAL AIRCRAFT

CONNECTED SUPPLY CHAINLARGE GLOBAL INSTALLED BASE

Honeywell

Sentience

CONNECTED UTILITYGENERATION TO CONSUMPTION

© 2018 by Honeywell International Inc. All rights reserved.

Enabling Technology & Data

Edge

Intelligence

Customer

Engagement

Distributed

Resources

Cyber Security

Data Privacy

Human

Factor

© 2018 by Honeywell International Inc. All rights reserved.

IM

PA

CT

C O M P L E X I T Y

What

happened?

Why did it

happen?

To whom it

happened?

What will

happen?

How can we

make it

happen?

P R E S C R I P T I V E

A N A L Y T I C S

D E S C R I P T I V E

A N A L Y T I C S

D I A G N O S T I C

A N A L Y T I C S

C O M P A R A T I V E

A N A L Y T I C S

P R E D I C T I V E

A N A L Y T I C S

Analytics COMBINES DATA,

SCIENCE, AND TECHNOLOGY

to CREATE TANGIBLE VALUE

for the business

Looks for meaningful patterns in

data to create actionable insights to

solve a problem that leads to

improved business performance

WHAT DO WE MEAN BY INSIGHTS & ANALYTICS?

© 2018 by Honeywell International Inc. All rights reserved.

Insight to

ACTION

AT T H E E D G E

I N T H E C L O U D

© 2018 by Honeywell International Inc. All rights reserved.

AT T H E E D G E

I N T H E C L O U D

Revenue Protection

Vegetation Management

Outage Prediction and prevention

Consumer Engagement

© 2018 by Honeywell International Inc. All rights reserved.

Top 5 Predictions

▪ Multi-modal smart sensors become omnipresent

▪ Video analytics go real-time, everywhere

▪ Government weighs in on data access

▪ Computing goes wild at the edge

▪ Hackers exploit IoT/security threats grow exponentially

© 2018 by Honeywell International Inc. All rights reserved.

SEE BEYONDTOMORROW’S HORIZONRedefining the Way the World Uses Energy

Prateek Chakravartyprateek@bidgely.com

UtilityAI

“No industry can afford to

ignore artificial intelligence.”

-MIT Technology Review

Looming Challenges

as Utilities Run the Risk of Disruption

In no other industry do vendors have

so much customer data…

yet do so little with it

Consumption Data is Gold

WHENWHEREHOW WHAT

Personalized Artwork

1.8seconds

considering each title

Leverage AI

To Address

3 Utility Challenges

OPTIMIZERevenue Model and

Cost-to-Serve

PERSONALIZEAmazon-like Customer

Experience

MODERNIZEGrid Stability & Utility 2.0

Bidgely Confidential

Personalized

Customer

Journeys

MOVE IN/CONTRACT START

SEASONAL PLANNING/EXTREME WEATHER EVENT

NEW SMART METER AND 30 MIN OPT IN

MOVE OUT/CONTRACT RENEWAL

NEW PRODUCT/SERVICE/ TARIFF OFFERING

HIGH BILL SHOCK

FAMILY/IN-LAW VISIT

BUY ELECTRIC VEHICLE

HAVE KIDS

RETIREMENT

VACATION

APPLIANCE DEGRADE/UPGRADE

OPTIMIZE

Better Engage LMI Customers

CUSTOMER

TARGETINGAGENT CALL

CENTER TOOL

ALERTS &

NOTIFICATIONS

100%

ITEMIZATION

VOICE &

SPEAKER

PROGRAM

RECRUITMENT

OPTIMIZE

MODERNIZE

An Operating System

for the Grid with

Distributed Energy

Resources (DER)

Monetizing Your Data

Leverage Bidgely AI to identify new revenue sources

Appliance Warranty

Preventative Maintenance

New Products & Services

OPTIMIZE

What is your UtilityAI strategy?

Thank you.

Demystifying BlockchainThe Energy Blockchain

10.24.18 24

October 24, 2018

Tony Giroti

COPYRIGHT © 2018, Energy Blockchain ConsortiumCOPYRIGHT © 2018, Energy Blockchain Consortium

Please use material from this presentation only with proper accreditation

10.24.18 COPYRIGHT © 2018, Energy Blockchain Consortium 25

Energy Blockchain Consortium

• Non-Profit, Vendor-Agnostic Florida-based company

• Utilities, Muni, Coops, ISO/RTO, Generation, DER, State, Fed. agencies, Regulators, Smart Cities, Legislatures, Elected officials.

• Using Blockchain to solve problems in the Utility industry PILOTS

EDUCATING USE CASES

STANDARDS

BLOCKCHAIN ACCELERATOR

PROGRAM

Heard about Bitcoin ?

10.24.18 COPYRIGHT © 2018, Energy Blockchain Consortium 26

Blockchain ? For Utilities? Really??

What about Regulations?

Will it disintermediate Utilities ?

10.24.18 COPYRIGHT © 2018, Energy Blockchain Consortium 27

Blockchain Iceberg

Blockchain

Bitcoin Crypto Trade Track Security

10.24.18 COPYRIGHT © 2018, Energy Blockchain Consortium 28

2007 - 08 The Financial Crisis

The Great Recession

The Story:

Once upon

a time…

Trust

10.24.18 COPYRIGHT © 2018, Energy Blockchain Consortium 29

Financial Institutions

10.24.18 COPYRIGHT © 2018, Energy Blockchain Consortium 30

Aug 2008

Bitcoin born

to solve theTrust problem

Blockchain = Trust ‘machine’

10.24.18 COPYRIGHT © 2018, Energy Blockchain Consortium 31

DISTRIBUTED LEDGER

CONSENSUS CRYPTOGRAPHYIMMUTABLEDECENTRALIZE

CONTROLSMART

CONTRACT➔

10.24.18 COPYRIGHT © 2018, Energy Blockchain Consortium 32

A CompanyBank, Utility, Insurance, ISO,

RetailerApplication

Database

Biz logic

The World Today

Company A

Blockchain Node A

Ledger A

SmartContractX

Company B

Blockchain Node B

Ledger B

SmartContractX

Company C

Blockchain Node C

Ledger C

SmartContractX

Centralized De-Centralized Control• Trust = Consensus Algorithms

The World with Blockchain (Next Gen. Dist. Computing)

So what is Blockchain?

CONSENSUS =

How Blockchain works?

10.24.18 COPYRIGHT © 2018, Energy Blockchain Consortium 33

Example: Andy sold 3 widgets to Bob. Rate is $1 per unit .

Company A

Blockchain Node A

Ledger A

SmartContract: Amt = Units x 1

Tx

Company B

Blockchain Node B

Ledger B

SmartContract: Amt = Units x 1

BobAndy

3 widgets1

$3$3 2

CREATES digitally signed trans.

3 VERIFICATION of Trans.5

Tx 6

4Tx

Company C

Blockchain Node C

Ledger C

SmartContract: Amt = Units x 17

Tx

VERIFICATION of Trans8

Hash: 32 bytes unique ID of BLOCK

Time Stamp

Link to Prev Hash

A set of Transactions

Tx Ty

10Leader Validates & Creates Block

Ty

9

Tx

10.24.18 COPYRIGHT © 2018, Energy Blockchain Consortium 34

Trust & Consensus

PROOF OF STAKE

PROOF OF AUTHORITY

PROOF OF WORK

Mathematical

Puzzle &

Data Mining

Leaders =

Stakeholders

Leaders =

Appointed

10.24.18 COPYRIGHT © 2018, Energy Blockchain Consortium 35

Blockchain in

Energy

10.24.18 COPYRIGHT © 2018, Energy Blockchain Consortium 36

Utility Transformation

04 Data & SecurityHarness the Data in meaningful waysHeightened Security demandTech on Grid Edge causes vulnerabilities

07 Cust. Expectations• Consumers becoming Prosumers• Demanding clean energy• Always Connected• Higher Customer Expectations• Want Energy Management

01 Digitization• AMI/AMR, Smart Metering• IT/OT Integration• Distribution Automation• IOT generating Data• Data needs to be harnessed for Analytics

02 Decentralization• From Large Power Plants to DER• From Regulated/Vertically to Deregulation• From Uni-direction to Multi-direction flow• From Cust at single location to roaming EV

05 Tech. Challenges• Maintain Grid reliability with changes• Integrate Transactive Energy• Intelligent Devices, IoT• AI, EV, Automation

03 Democratization• Demand Driven, Consumers playing a role• Demand for Clean Energy / Renewables• From Monopoly to Competition• Democratization of the industry

06 New Biz Models• Prosumers & DER integration • Handle new disruptive technologies• New Regulations & Energy Policies• Net Energy Metering, others• New Pricing models

10.24.18 COPYRIGHT © 2018, Energy Blockchain Consortium 37

Use Blockchain for

Harnessing

Smart Grid

Investment

Transactive

Energy

Multi-party

TransactionsUnlocking Data

& Achieving

Cyber Security

Solving

Problems

Economically

Creating

Utility of

The Future

Engaging

Cust

Apps

10.24.18 COPYRIGHT © 2018, Energy Blockchain Consortium 38

EBC Use Case Catalog

DER & EV Integration3 Use Cases: 14. Enable EV Charging anywhere withunified billing, 15. Improve DER Integration

Energy Trading4 Use Cases: 1. P2P trading & micropayments betweenProsumers with Utility providing trusted authority andCustomer Service,

Grid Mgmt., Transactive4 Use Cases: 3. Manage DER generation & DER ServiceCoordination,

Empower Customers6 Use Cases: 8. Provide Green energy choices, 9. EnableP2P home EV charging,

Security4 Use Cases: 28. Secure edge devices, 29. Protect EnterpriseData, 30. Grid Security: Build a trustworthy infrastructure forall Digital Services, including PKI, DC, DNS

Emission Tracking3 Use Cases: 17. Encourage Green Energy Usage, EnergyConservation, Energy Efficiency with SustainabilityAttribution and other means,

Energy Data Mgmt5 Use Cases: 21. Record, Store, Track Energy Data with MRVof Data, 23. Use load profile for energy procurement,infrastructure planning and VPP

Regulatory, Compliance3 Use Cases: 25. Provide Transparency to Regulators &Customers, 26. Provide Regulators with framework tomanage Energy Trading

Thank You

10.24.18 COPYRIGHT © 2018, Energy Blockchain Consortium 39

To Join the Consortium or

For Questions contact:

Tony Giroti

tony@energy-blockchain.org

617.480.6550

https://www.powerblockchain-conference.com/page/1346938/registration?promo=TG35

Conference Ticket Discount Code for 35% off: TG35