Definitions

BESS – battery energy storage system

A BESS is a type of energy storage system that uses batteries to store and distribute energy in the form of electricity.

BMS – battery management system

A battery management system (BMS) is a computer system that monitors, manages and maintains the charging, discharging and condition of electric batteries.

BTM – behind-the-meter

Behind-the-meter denotes electrical generation and/or electrical power storage system, such as a solar PV system with or without battery storage, that produces power intended primarily for on-site use in a home, office building, or other commercial, industrial, or institutional facility. The solar PV system is behind the electric meter on the owner’s property, not on the electric grid/utility.

DER – distributed energy resource

Distributed Energy Resources or “DERs” are electrical power or capacity resources, such as distributed renewable generation, energy efficiency, energy storage and demand response technologies, interconnecting directly to a distribution-level grid.

DERMS – distributed energy resource management system

DERMS is a software platform used to manage a group of distributed energy resource (DER) assets—such as rooftop photovoltaic solar panels, behind-the-meter batteries, or a fleet of electric vehicles—to deliver grid services.

DT – Data Tickets

Data Tickets are fungible, non-transferable tokens in the React ecosystem that can be redeemed for access to the network's data and services. KWH tokens must be burnt to mint DTs, which can then be utilized.

EV – electric vehicle

EVs are vehicles that run fully or partially on electricity, as opposed to gasoline.

FERC – Federal Energy Regulatory Commission

The Federal Energy Regulatory Commission (FERC) is an independent agency that regulates the interstate transmission of electricity, natural gas, and oil in the United States.

ISO / RTO – Independent System Operator / Regional Transmission Operator

An ISO (Independent System Operator) or RTO (Regional Transmission Organization) is a nonprofit organization responsible for the reliable operation of an electricity transmission system. The ISO or RTO is responsible for managing the transmission grid, including balancing supply and demand across the grid, operating the transmission system, and providing ancillary services such as frequency control and emergency reserves. Additionally, the ISO or RTO is responsible for setting the rules for the energy markets within their territory, as well as ensuring that market participants comply with the rules.

kWh / MWh / GWh – kilowatt-hour / megawatt-hour / gigawatt-hour

How we measure energy. A kWh equals the amount of energy you would use by keeping a 1,000 watt appliance running for one hour.

KWH – React token

The native token of the React ecosystem.

M&V – measurement & verification

“Measurement and Verification” is the process of planning, measuring, collecting and analyzing data for the purpose of verifying and reporting energy consumption / savings.

PoE – Proof-of-Energy

Randomized challenges submitted to assets on the network to reinforce the reliability of the network's connected assets.

QSE – Qualified Scheduling Entity

Qualified scheduling entities (QSEs) submit bids and offers on behalf of resource entities (REs) or load serving entities (LSEs) such as retail electric providers (REPs). QSEs are able to submit offers to sell and/or bids to buy energy in the Day-Ahead Market and the Real-Time Market.

RNP – React Network Proposal

Governance proposals submitted for React community review.

VPP – virtual power plant

A virtual power plant is a way to pool the collective power of smaller distributed energy resources to mimic a larger, central power plant.