MODE Flex is a forward facing smart trading platform that enables market, system and network operators to procure flexibilities services at competitive prices taking grid needs into account.
This platform is blockchain enabled - making it different to any existing marketplace. The blockchain is used to execute and verify flexibilities and energy services. It includes an artificial intelligence / machine learning bidding optimiser and cross-retailer trading engine, for tranche-based procurement. The platform utilises smart trading algorithms and in doing so, the solution provides trusted, automatic and seamless flexibility services markets.
DSOs can benefit from sophisticated forecasting & price matching.
MODE Flex allows power to be delivered across the whole spectrum of response ranges and categories. From following and ramping to voltage and congestion.
Powerledger sets up framework contracts with so-called ‘Flexipreneurs’ who will ultimately deliver these flexibilities. After that all contracts are smart contracts and handled automatically.