NIST Transactive Energy Challenge
Exposing Powerful Techniques for Transactive Energy
What is the TE Challenge?
Transactive Energy (TE) refers to techniques for managing the generation, consumption, or flow of electric power within the electric power system through the use of economic or market-based constructs while considering grid reliability constraints. As the electric grid transforms to integrate more wind and solar energy and to give customers more choice and control in their use of energy, the concept of transactive energy is likely to play a key role. Members of NIST’s Smart Grid Team have been working closely with the Department of Energy to understand TE’s potential and to support utilities, technology developers and policy makers. The TE Challenge will bring researchers and companies with simulation tools together with utilities, product developers, and other grid stakeholders to create and demonstrate modeling and simulation platforms while applying transactive energy approaches to real grid problems.
- Utilities are concerned about the impact of dynamic pricing and markets on grid stability
- Researchers are interested in the development of economic and grid models for the new complex grid
- Vendors are looking for how to use developing modeling tools to guide technology design and implementations
TE Challenge Introduction, Timeline, and Benefits for Participation
Simulation Tools, Co-sim platforms, Data Sets, Baseline Scenarios, FAQ
Teams involved in the TE Challenge
Register for the TE Challenge!
Videos, presentations, and documents
Who's participating in the TE Challenge?
PLEASE NOTE: This is a collaborative website. NIST does not endorse the views expressed, or necessarily concur with the information presented on these sites. Further, NIST does not endorse any commercial products that may be mentioned on these sites. All the material on this website is in the public domain and is intended for unrestricted use by interested parties, including any text, diagrams, or images, unless indicated explicitly.
Don't share anything on this site that you do not want to be public. Do not post any proprietary documents, information or data Anything placed on this site is considered public disclosure and it shall be deemed to have been disclosed on a non-confidential basis, without any restrictions on use by anyone, except that no valid copyright or patent right shall be deemed to have been waived by such disclosure.
Certain commercial equipment, instruments, materials, systems, software, and trade names may be identified throughout this site in order to specify or identify technologies adequately. Such identification is not intended to imply recommendation or endorsement by NIST or any other party, nor is it intended to imply that the systems or products identified are necessarily the best available for the purpose. All data and other information posted on this site is provided as a public service and is provided “AS IS.” NIST MAKES NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING, WITHOUT LIMITATION, THE IMPLIED WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT AND DATA ACCURACY.
By selecting external links, you will be leaving NIST webspace. Links to other websites are provided because they may have information that would be of interest to you. No inferences should be drawn on account of other sites being referenced, or not, from this page. There may be other websites that are more appropriate for your purpose.