IEA and FIDE launched Digital Energy Grid (DEG) vision paper, what is it?

The International Energy Agency (IEA) and the Foundation for Interoperability in Digital Economy (FIDE) have released a visionary paper titled "Digital Energy Grid: A Vision for a Unified Energy Infrastructure." This document outlines a transformative framework aimed at digitizing energy transactions, assets, and participants to address inefficiencies in the current decentralized energy ecosystem. The proposed Digital Energy Grid (DEG) seeks to create an interoperable platform that enhances real-time data exchange, optimizes energy distribution, and facilitates the integration of renewable energy sources. Key objectives include the digitization of energy assets and transactions, enhanced interoperability, consumer empowerment, and the facilitation of renewable integration. The adoption of the DEG framework is anticipated to revolutionize the energy sector by reducing operational inefficiencies, promoting sustainable practices, and enhancing energy security. The full paper is available for download, and a detailed discussion can be viewed in the official launch event recording.