Connect with us

Maritime

A new microgrid electricity trading platform in Port of Rotterdam

Published

on

A new microgrid electricity trading platform in Port of Rotterdam. Image: Port of Rotterdam
Listen to the story (FreightComms AudioPost)

The first high-frequency decentralized energy trading platform was successfully piloted at the Port of Rotterdam. Jointly developed by S&P Global Platts and BlockLab, Distro is a new microgrid electricity trading platform that leverages both Artificial Intelligence and Blockchain’s distributed ledger technology.

Under the ongoing trial that commenced in August 2020, commercial energy consumers in the Port of Rotterdam’s iconic innovation dock, where the world’s largest submarines once used to slip off the ramp, used the Distro microgrid trading platform to actively trade renewable energy derived from solar and battery storage, matching demand with intermittent power generation. The results of the trial saw:

• Establishment of dynamic local energy prices that lowered the cost for energy users by 11%, while offering a 14% improvement in revenues for local producers of renewable energy.

• 92% consumption of on-site solar generation, overcoming historic wastages

• 32 commercial energy consumers utilized the fully automated AI trading marketplace to balance local electricity demand and supply

• Battery storage return on investment increased 20%

• 20 million blockchain-validated, cleared and settled transactions

• Once fully scaled across the Port of Rotterdam’s activities, Distro’s transparent market design has shown the potential to support businesses in delivering carbon reduction saving of up to 30 million tonnes

During the trial, the participant buyers and sellers of renewable energy were able to access dynamic local energy prices that reflects their supply and demand balances. The responsiveness of localized prices encourages buyers to consume less when renewable generation is low by holding off until more plentiful supplies are available and in doing so, benefit from lower prices. The unique system builds upon proven practices in commodities and financial market, repackaged for the AI world. The positive results of the pilot validate the technical and commercial potential for Distro to be deployed in other locations around the world.

Nico van Dooren, Director New Business Development & Portfolio, Port of Rotterdam said: “The successful completion of our trial of the Distro new microgrid trading platform is a win-win in encouraging fair and transparent prices as well as cost efficient consumption of renewable energy for our tenants. Balancing local electricity needs with local generation holds the key to unlocking significant grid infrastructure savings. We are excited about the prospects of scaling this solution and the meaningful contribution it can make towards helping The Port of Rotterdam become carbon neutral by 2050.”

The new Distro trading platform was co-developed by S&P Global Platts, the leading independent provider of information and benchmark prices for the commodities and energy markets and Blocklab Rotterdam, the Port of Rotterdam’s blockchain innovation hub. Distro’s rule based methodology draws on Platts 100 year experience of assessing commodity prices around the world.

“The blending of high frequency AI trading capabilities with the benefits offered by blockchain security is a landmark achievement. Distro brings seamless and tangible benefits of lower prices, improved payback on batteries and solar panels while maximizing the use of renewable energy,” said James Rilett, Head of Innovation, S&P Global Platts. “Market feedback has highlighted the need for a new generation of marketplaces, like Distro, to be at the forefront of addressing climate change by helping power energy transition projects around the world.”

Distro offers users in the Port of Rotterdam robust prices that instantly respond to changes in local supply and demand fundamentals while providing incentives for consuming and storing energy. The platform draws on proven security offered by blockchain smart contracts which uphold market rules, validate transactions and manage identities to ensure reliability and anonymity in the dynamic trading environment. All transactions are immutable and cryptographically verifiable, standing up to industry-level audit requirements.

The platform provides every market participant with an AI enabled ‘energy trading agent’ software tool that learns the user’s energy needs, preferences and behaviors. It analyses billions of data points in real-time, automatically buying and selling energy at the best price for the user. ABN AMRO’s Banking as a Service sandbox provided a seamless banking environment where virtual accounts were attributed to users and executed transfers as instructed by the marketplace.

Janjoost Jullens, Director, BlockLab Rotterdam said: “Working with the Port of Rotterdam and S&P Global Platts forced us to focus on business reality and meeting industry standards. We are very proud we can now equip the emerging decentralized power markets with the tools of professional electricity traders – driving up their returns on renewables and minimizing infrastructure investments needed.”

Traditional power grids have come under increasing strain arising from supply-side volatility and ultimately rising costs as the world transitions towards electrification and addresses renewable energy targets. Decentralization alleviates the need to add expensive power grid infrastructure by aligning local demand with supply on the power distribution network, through incentives for demand response due to shifts in energy usage or battery charge/discharge. As renewable generation can vary second to second, these incentives change in real time.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Maritime

Intellian C700 Iridium Certus® maritime terminal launched

Published

on

Intellian C700 Iridium Certus® maritime terminal launched. Image: Intellian
Intellian C700 Iridium Certus® maritime terminal launched. Image: Intellian
Listen to the story (FreightComms AudioPost)

Intellian C700 Iridium Certus® maritime terminal has now been launched and is expected to quickly secure a reputation as the most powerful and technically advanced Iridium Certus® terminal on the market.

With its best-in-class RF performance, the C700 can deliver out-of-the-box uplink speeds of 352kbps and downlink speeds of 704kbps by default, with equally impressive low-elevation-angle RF efficiency thanks to its unique 12-patch phased array antenna technology.

It will support three high-quality, low-latency phone lines simultaneously; and as a solid-state antenna with no moving parts inside, the C700 is especially robust, requiring no scheduled maintenance over its lifetime.

The advanced performance of the C700 provides customers across all markets with the flexibility to deploy it as the primary communication antenna or as a companion to a VSAT system for seamless redundancy.

For primary communications, the Below Deck Unit (BDU) incorporates key features which make it ready to deploy without additional cost, including firewall, IP PBX, WAN port and built-in Wi-Fi. Hardware and software functions such as these, incorporated into the system, make the C700 the most powerful, feature-rich L-band solution on the market, delivering best in class performance and functionality.

The innate stability and reliable connectivity afforded by the C700 also make it an ideal platform for future safety services, including the Global Maritime Distress and Safety System (GMDSS).

The C700 delivers installation efficiency both through the product design and the commissioning process. The BDU, weighing approximately 1.2kg, is available as a standalone bulkhead mount system or a 19” all-in-one rack-mount version.

With its small, lightweight and space-saving form factor, the C700 can be carried on board by just one technician or crew member for rapid and low-cost installation. Once the C700 is installed, the built-in, user-friendly AptusLX software enhances the commissioning and setup experience of customers and partners.

Wouter Deknopper, Vice President and General Manager of Maritime, Iridium, observes: Many vessel owners and operators may decide against VSAT for budgetary reasons, lack of deck space or the absence of adequate coverage on their voyage routes, so Iridium Certus is ideal as a primary means of communication, supported by the ease of upgrading to the C700 from an existing system.

“Iridium Certus also excels as a VSAT companion, combining the benefits of LEO with GEO, and L-band with Ku-band. VSAT can suffer from certain degradations and also isn’t global. That’s where you need a strong hybrid system, and Intellian of course is a highly respected manufacturer of maritime VSAT antennas and the new C700, so it is in a strong position to offer a very competitive turnkey hybrid package on the market. The flexibility of the airtime packages Iridium and our partners offer for Intellian customers is also an essential consideration in such uncertain times for the shipping industry and beyond.”

L-band is particularly resistant to rain fade and other forms of atmospheric interference, and the C700’s 12-element antenna arrangement is designed to supply rapid and efficient tracking performance, leading to optimal high-speed data and voice connections. Troels Christensen, Product Manager, EMEA, Intellian, explains: “The signal stability is exceptional even on fast boats or smaller vessels in rough seas, where you may experience heavy pitch and roll.”

An attractive proposition for crew communications with its multiple high-quality voice lines, the C700 is also protected with Intellian’s international support and service network infrastructure, and comes with a three-year warranty for parts and labor.

“The fact that it can be retrofitted by reusing a vessel’s old mast mount, cables and power supply saves additional time and money,” adds Mr. Christensen. “There’s no need for extra boxes, there are no hidden costs, and Iridium Certus provides truly global coverage, even at the poles, so the C700 is an L-band innovation that pays ample dividends not just for smaller vessels, but right across the board.”

Eric Sung, CEO, Intellian Technologies, concludes: “We’re delighted to partner with Iridium and believe our C700 is a great addition to our innovative maritime product portfolio. The new C700 antenna is a great choice for multiple customer segments, delivering an affordable solution which leads the market in speed and functionality.”

Continue Reading

Maritime

Korean Register authorized to provide statutory services to Brunei

Published

on

Korean Register authorized to provide statutory services to Brunei. Image: Unsplash
Korean Register authorized to provide statutory services to Brunei. Image: Unsplash
Listen to the story (FreightComms AudioPost)

The Korean Register has been appointed to deliver statutory services on behalf of the Government of Brunei.

Korean Register will act as a Recognized Organization (RO), with KR surveyors conducting vessel surveys and audits, issuing certificates for Brunei’s flagged ships and ensuring full compliance with the SOLAS, MARPOL, ITC, ILL, and MLC regulations and international conventions.

Brunei is a country where the oil and gas industry accounts for 90% of the national economy, as a result, the shipping industry is well developed and focused on the transportation of these commodities.

KR has had a presence in Brunei since 2016, when it joined with a local partner in a joint venture to provide engineering services, third party inspection and certification services for oil and gas plants.

Hyung-chul Lee, Chairman and CEO, KR said: “This is an important achievement for KR, building on our solid reputation in the oil and gas sector. We are delighted to be expanding our services to our customers in Brunei and look forward to providing immediate, high quality services wherever they are.

“Today, KR is known as one of the industry’s most reliable class partners, clearly demonstrated by the fact that we are now authorized to act as RO – conducting surveys, issuing certificates and ensuring compliance with international regulations – by 81 flag administrations all around the world.”

Continue Reading

Environment

Damen Shipyards Group completes rebuild of ‘OceanXplorer’

Published

on

Damen Shipyards Group completes rebuild of 'OceanXplorer'. Image: Damen Shipyards
Damen Shipyards Group completes rebuild of 'OceanXplorer'. Image: Damen Shipyards
Listen to the story (FreightComms AudioPost)

Damen Shipyards Group has recently completed the extensive rebuild of cutting-edge research vessel OceanXplorer at Damen Shiprepair Rotterdam. The vessel will contribute significantly to OceanX’s mission – to explore the ocean and bring it back to the world. In this way, the initiative aims at the building of a global community engaged with understanding, enjoying and protecting our oceans.

Upon completion of the project, OceanXplorer has become the most advanced exploration, research and media vessel in the world. As OceanX’s new flagship, she builds on the legacy of the organisation’s first vessel, Alucia and takes things to the next level. Equipped with a series of submersibles, sonar arrays, manned submarines, an ROV and AUV, OceanXplorer is able to explore and map the depths of the oceans.

The vessel is able to collect live samples and bring them aboard where they can be analysed by scientists in state-of-the-art laboratories – with the capabilities, amongst other things, to carry out DNA sequencing.

OceanXplorer’s outstanding research facilities are paired with Hollywood quality filming and media studios – developed in partnership with renowned filmmaker James Cameron. With this, the vessel’s findings can be live-streamed to audiences worldwide at the exact moment of discovery.

Damen served as main contractor in this complex and challenging project, fulfilling an extensive scope of work that brought together various disciplines from across Damen Shipyards Group – including offshore and survey newbuild, repair & conversion and yachting specialisms.

The project required Damen to rebuild the vessel – a former offshore survey ship – in essence from the main deck upwards by stripping the existing accommodation and adding a complete new and much larger accommodation to house the new laboratories, workshops and submarine hangar. Also a fully integrated heli hangar was added to the superstructure as well as extensions on both sides of the accommodation decks to house new cabins over the (increased) full beam of the vessel. Following the structural part, the work included overseeing the complete integration of all ship’s systems including specialist hydrographic and laboratory systems and an innovative IT infrastructure to facilitate the combination of state-of-the-art research facilities with the on board Hollywood standard cinematography and media studios.

Damen worked closely with OceanX’s specialist teams, developing the scope of the project in order to fulfil all requirements. This included responsibility for the interior and exterior of the vessel. The ship is unique in its combining of up-to-the-minute research facilities – courtesy of renowned naval architects Skipsteknisk – and top-of-the-line interior accommodations, designed by Christina Fallah. The vessel’s additional interiors as well as its exterior were styled by Steve Gresham.

The project also required Damen to undertake a docking scope, including removal and refurbishment of azipull and bow thrusters, blasting and coating of tanks and complete overhaul and upgrading of crew accommodation.

Tjarco Ekkelkamp, project director for the OceanXplorer project at Damen said, “This has been a challenging project, the result of which we are very proud of. On the one hand, this shows the extensive capabilities of Damen as a group – the powerful synergies within our group, covering both newbuild and repair & conversion capabilities and spanning commercial vessels and superyachts. On the other, this is a vessel that represents a force for good in the world – one that will enhance human involvement, understanding and ultimately conservation of our oceans. With our strong commitment to maritime sustainability, we are delighted to have played our part in the development of OceanXplorer.”

Continue Reading

Popular

Copyright © 2017-18 | FreightComms | Made with ♥ in Singapore