R E A L T I M E I M P A C T

The added value of blockchain in energy retailing

Alan Tilley Co-founder and Chief Innovation Officer
Drift Marketplace, Inc.
 WHAT IS DRIFT?
A federally regulated renewable energy marketplace
offering buyers and sellers choice and flexibility.

A Retail Energy Provider A distributed Independent A forward energy Market

(REP/ESCO)
that is currently serving retail
electric customers in New
York,
and expanding nationally.
Services Operator (d/ISO)
platform
that forecasts, schedules, and
settles energy and financial
attributes between stakeholders
across all
market segments.
(Avem) Platform
that provides tokenization of
future energy services, allowing
liquidity of power service
agreements and finance for
additional renewable installed
capacity.
 DRIFT BUSINESS MODEL?
Transitioning the bulk analog energy industry to an
integrated supply/demand digital marketplace.
 CURRENT US MARKET
Currently wholesale buying of 100% renewables is nearly impossible.
 DRIFT MARKETPLACE PLATFORM
Consolidates the market, reducing costs, and hidden fees.

Marketplace
 DRIFT ’s AUGURY* BLOCKCHAIN
The Augury (Enterprise) blockchain provides the properties mandated
by regulatory, legal, and business stakeholders.

 Authenticated customer control of data and access by third parties

 Provenance and validity of data
 Transaction transparency
 Business rules enforcement
 Native auditing for all stakeholders

*Augury - the practice of portending the future from observing the flight of birds - Wikipedia
“For Google, reaching our 100% goal on a global and annual
basis is just the beginning. In addition to continuing to
aggressively move forward with renewables like wind and
solar, we will work to achieve the greater, longer-term
challenge of powering our operations on a region-specific,
24-7 basis with clean, zero-carbon energy”.

- GOOGLE

time-variable Renewable Energy Credit
tRECs are an extension of the
existing REC marketplace,
and allows consumers access
to local, real-time 100%
renewable energy and
certified GHG impact.
WHAT IS A tREC?
tRECs provide a blockchain
record that allow buyers to
know where, when and
how renewable energy is
produced, and gives
consumers the ability to
match their consumption
from multiple renewable
generators.
tRECs drive additionality
by rewarding renewable
generators for deploying in
the locations where they
offer the greatest
economic benefits to the
consumer, as well as
improve grid resiliency.
 HOW IS A tREC CREATED?
1MWh (1 REC) of renewable generation is disaggregated to create hourly
Time/Date/Location/Type/GHG 1kWh tRECs that are recorded on a blockchain.

R E C M AT C H E D W I T H H O U R LY G E N E R AT I O N
3 RECs of Different Generation Types 3 MWh of hourly 1 kWh tRECs
140 200
180
120
160
100 140
120
80
100
60
80

40 60
40
20
20
0 0
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 Hours 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

Hydro Solar Wind Hydro Solar Wind

The REC is retired on the appropriate tracking systems/registries:

WREGIS, NEPOOL, GATS, ERCOT, NARR, MIRECS, NRTEC, NC-RETS and M-RETS
 HOW ARE tRECs MATCHED TO LOAD?
By prioritizing renewable type, location, and time of generation, consumers can
customize their renewable portfolio to match their unique load profile.

t R E C s M AT C H E D W I T H H O U R LY D E M A N D
Load vs Generation Type Load Match to tRECs
180 180

160 160

140 140

120 120

100 100

80 80

60 60

40 40

20 20

0 0
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 Hours 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

Hydro Solar Wind Load Hydro Solar Wind

Using blockchain technology, a ‘Certified Impact Report’ is delivered to the consumer

documenting the hourly tREC load matches and the associated REC retirements.
 HOW DO tRECs AFFECT FUEL MIX?
RECs are not limited by geographic boundaries, time, or transmission constraints.
However, there is a need to further increase renewable energy production in areas
with large consumption and low renewable energy supply.

Hourly GHG emissions to serve NYISO load

Hour
Hourly Fuel Mix

The tREC locational attribute transforms local grid mix by rewarding local generation and
ensuring that the grid from which they are procuring power is actually getting greener.
 WHAT ABOUT STORAGE?
By charging a battery with low-value (non-peak) tRECs, then later discharging
into high-value (peak) hours, renewable generation can be time shifted across
the network.

Storage ‘tREC demand matching’ enables higher penetration of distributed

energy resources and an increase in storage revenues.
 WHY tRECs?
FUEL MIX
MARKET SIGNALS
They are essential to the next Assures that money spent
Providing the economic
generation of is actually paid to
price signals vital for new
Distributed Energy Resources and renewable generators on a
renewable deployments
consumer demand for time and grid-locational
and network balancing.
Real Time Impact. basis.

NON WIRE ALTERNATIVES GRID SERVICES TRANSPARENCY

Directing projects into Enabling a diversity of tRECs provide real time
local grid segments and renewable assets providing locational impact tracing of
away from large expensive reliability and resilience to a energy from generation to
centralized utility projects. distributed grid. consumption.
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COMPARE & CONTRAST
Drift’s tRECs platform provides an end-to-end solution delivering a ‘Certified Impact Report’ to
consumers and revenue opportunities to generators that will drive the additionality that will
transition the grid to a real-time renewable energy network.

tRECs & OTHER GREENING METHODS

 AVEM MARKET = ADDITIONALITY
Drift’s Avem Token allows consumers to participate in discounted
future energy services delivered to the marketplace.

Buy/Sell AVM Tokens from a portfolio or individual projects

 GET IN TOUCH

1-844-292-9295 A L A N @ J O I N D R I F T. C O M J O I N D R I F T. C O M