on the technology horizon: what’s coming up?€¦ · customer service, grid mgmt., transactive 4...
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On the Technology Horizon: What’s Coming Up?
Ganesh Ayer, Honeywell
Prateek Chakravarty, Bidgely
Tony Giroti, Energy Blockchain Consortium
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SEEA ConferenceCONNECTED DEVICESAnn Perreault and Ganesh Ayer
October 24, 2018
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© 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.
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© 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
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© 2018 by Honeywell International Inc. All rights reserved.
Enabling Technology & Data
Edge
Intelligence
Customer
Engagement
Distributed
Resources
Cyber Security
Data Privacy
Human
Factor
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© 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?
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© 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
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© 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
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© 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
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© 2018 by Honeywell International Inc. All rights reserved.
SEE BEYONDTOMORROW’S HORIZONRedefining the Way the World Uses Energy
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“No industry can afford to
ignore artificial intelligence.”
-MIT Technology Review
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Looming Challenges
as Utilities Run the Risk of Disruption
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In no other industry do vendors have
so much customer data…
yet do so little with it
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Consumption Data is Gold
WHENWHEREHOW WHAT
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Personalized Artwork
1.8seconds
considering each title
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Leverage AI
To Address
3 Utility Challenges
OPTIMIZERevenue Model and
Cost-to-Serve
PERSONALIZEAmazon-like Customer
Experience
MODERNIZEGrid Stability & Utility 2.0
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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
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Better Engage LMI Customers
CUSTOMER
TARGETINGAGENT CALL
CENTER TOOL
ALERTS &
NOTIFICATIONS
100%
ITEMIZATION
VOICE &
SPEAKER
PROGRAM
RECRUITMENT
OPTIMIZE
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MODERNIZE
An Operating System
for the Grid with
Distributed Energy
Resources (DER)
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Monetizing Your Data
Leverage Bidgely AI to identify new revenue sources
Appliance Warranty
Preventative Maintenance
New Products & Services
OPTIMIZE
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What is your UtilityAI strategy?
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Thank you.
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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
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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
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Heard about Bitcoin ?
10.24.18 COPYRIGHT © 2018, Energy Blockchain Consortium 26
Blockchain ? For Utilities? Really??
What about Regulations?
Will it disintermediate Utilities ?
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10.24.18 COPYRIGHT © 2018, Energy Blockchain Consortium 27
Blockchain Iceberg
Blockchain
Bitcoin Crypto Trade Track Security
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10.24.18 COPYRIGHT © 2018, Energy Blockchain Consortium 28
2007 - 08 The Financial Crisis
The Great Recession
The Story:
Once upon
a time…
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Trust
10.24.18 COPYRIGHT © 2018, Energy Blockchain Consortium 29
Financial Institutions
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10.24.18 COPYRIGHT © 2018, Energy Blockchain Consortium 30
Aug 2008
Bitcoin born
to solve theTrust problem
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Blockchain = Trust ‘machine’
10.24.18 COPYRIGHT © 2018, Energy Blockchain Consortium 31
DISTRIBUTED LEDGER
CONSENSUS CRYPTOGRAPHYIMMUTABLEDECENTRALIZE
CONTROLSMART
CONTRACT➔
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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?
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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
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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
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10.24.18 COPYRIGHT © 2018, Energy Blockchain Consortium 35
Blockchain in
Energy
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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
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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
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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
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Thank You
10.24.18 COPYRIGHT © 2018, Energy Blockchain Consortium 39
To Join the Consortium or
For Questions contact:
Tony Giroti
617.480.6550
https://www.powerblockchain-conference.com/page/1346938/registration?promo=TG35
Conference Ticket Discount Code for 35% off: TG35