PAST EVENT: SMART ENERGY HACKATHON @LOGIN

PAST EVENT: SMART ENERGY HACKATHON @LOGIN

This year’s Smart Energy Hackathon focused on energy challenges and the development of innovation. Technological advances affect all sectors of the economy, including finance, insurance, telecommunications and others. This force will undoubtedly change the traditional energy business model.

SMART ENERGY hackathon is a 2-day challenge, where enthusiasts from different fields (programmers, designers, business developers, energy professionals, etc.) will get together in teams, sharing their ideas and creating real solutions and products to resolve challenges of the new energy! Specially selected professionals in their fields – mentors – will share their insights and experiences during the event @LOGIN, 6-7 June.

Challenges to address:

 1. Aggregation and management of energy production and consumption:

The amount of managed electricity loads are increasing in the power grids, and energy is used and supplied by a wider range of sources: batteries, smart thermostats, smart inverters, electric cars and their charging stations, etc. These innovations allow more efficient network management, but the electricity distribution operator cannot collect data from all of these devices and manage them according to the needs. A decision that encompasses these different network components is needed, allowing them to be optimally integrated and controlled, optimizing their use in respect of the network. At the same time, the aim is to avoid additional investments in the network, making the best use of the existing infrastructure.

Create your own model!

 2. Education of energy consumers:

Currently, users have little knowledge on the energy market and how to benefit from it. A solution is needed to help the society to get a better understanding of the energy sector and its potential benefits for every single consumer.

Offer your idea!

 3. Motivating prosumers:

From 1 October this year, Lithuania will have the opportunity to separate points of electricity generation and consumption. This means that even those consumers, who do not have a roof of a private house, will be able to have solar power plants installed in geographically remote locations or to purchase a part of a power plant from large parks distant from the place of consumption. Each user will have the opportunity to virtually allocate the generated volume of electricity to their own consumption point, which will help reduce monthly electricity bills.

How to increase the number of generating consumers in Lithuania embracing this opportunity?

 4. System services for electric vehicle batteries:

According to the forecasts, transport electrification will gain an enormous momentum due to competitive prices of electric vehicles promised by car manufacturers. From the energy perspective, electric cars can be considered “driving batteries”. Battery can create value even when the vehicle is parked, and, in some cases, to bring financial benefits to the owner.

What approaches could be used to provide system and other services through electric vehicles? Create your concept!

 5. Solutions for electric vehicle charging infrastructure:

With the increasing number of electric vehicles and charging stations necessary to charge them, there is a need to optimise solutions for charging electric cars. There is a demand for smart platforms for charging electric vehicles and applications that enable the emergence of services such as energy accumulation, Vechicle to Grid, Vechicle to Vechicle, Demand side response, etc., are necessary.

Offer your most efficient model!

 6. Internet of Things and Big data:

Lithuania plans to deploy smart meters in 2020-2023. Consumption data of each electricity and gas meter will be updated every 15 minutes. With over 1.6 million customers, it creates up to ~ 7 million data signals every hour. What value could this data generate?

 7. Optimizing network development:

Currently, electricity in cities is transmitted via electric cables installed under the paving. New energy trends in cities, such as the increase in the number of electric vehicles, lead to the higher demand for electric power for customers at the connection points. Network development in cities, especially at the city centre, is complicated due to protected architecture, layout of buildings and complicated performance of works. A solution is needed to increase network power with minimal network reconstruction. How to increase transmission capacities without destroying the centre of Vilnius? Can energy accumulation solutions or wireless energy transmission be used, or can energy be transmitted by light or laser?

Introduce your smart method for energy transmission!

 8. P2P electricity exchange platform:

What could a seamless peer-to-peer exchange electric energy ecosystem/process for each electricity consumer, where minor electricity generators could exchange their generated electricity for fiat currency or other services, look like? Such a system should be regulated by laws and technologically controlled by the energy distribution operator (ESO), thus it cannot be blockchain-based. Submit your offer!

The prize fund € 2000.