Development of Automatic Asset Registration and Central Asset Register for Low Carbon Technologies (LCT Connect Project)

About

BEIS awarded a contract to GreenSync Pty Ltd for the development of an automated asset registration process and central asset register compatible with low carbon technologies (LCTs) smaller than 1 MW.

The project, known as LCT Connect, leverages GreenSync's deX technology and experience in Australia, innovating on the existing deX software platform to tailor and extend its capability for the Great Britain context.

The core project team, led by GreenSync and guided by Energy Systems Catapult's regulatory advice, includes LCT manufacturers, installers, distribution network operators, energy retailers, flexibility providers, and cybersecurity specialists.

The team will develop and test in a real-world environment an innovative automatic asset registration and central asset register solution that enables LCTs to be digitally and securely registered and visible to all market participants.

The project will also identify and assess sustainable commercial and operating models and seek input from stakeholders such as end consumers, local authorities, and government institutions to explore admissibility, regulation, policies, data privacy, and other requirements for a nationwide solution.

The contract value is AUD 1,699,696.1.