What is the EU’s Data Act about?
The European Data Act is a legislative initiative, designed to create a unified framework for data sharing across various sectors, including the energy industry. It addresses challenges related to data access, interoperability, and standardization. It is aiming to unlock the full potential of data-driven innovation.
In the energy sector, the Data Act has particular relevance as it seeks to streamline the sharing of diverse data types, including consumption patterns and grid performance. By fostering interoperability and standardization, the act facilitates the integration of data from different sources. This in turn is enabling a more comprehensive understanding of energy systems.
The act encourages the development and adoption of common data formats and standards. This is crucial in the energy sector where diverse systems, such as smart grids and renewable energy platforms, coexist. The standardization simplifies data exchange, accelerates innovation, and enhances the overall resilience of energy infrastructure.
The energy sector needs to transition towards cleaner and more sustainable practices – the Data Act can play a pivotal role in achieving this. It supports data-driven decision-making processes and enables efficient energy management, predictive maintenance, and the integration of renewable energy sources into the grid.
How is data sharing regulated in compliance with the GDPR?
One key aspect of the Data Act is its emphasis on balancing openness and transparency with data privacy and security. It encourages organizations to adopt measures that ensure responsible data governance, safeguarding individuals’ privacy while promoting collaborative efforts for advancements in the energy sector. On the other hand, “in the event of a conflict between the Data Act and EU or national law on the protection of personal data or privacy, the law on the protection of personal data or privacy will prevail.” according to the international law firm, WilmerHale.
This might have the consequence of fewer possibilities to actually share data between organizations and third parties in the energy sector.
How to share data in the energy sector nevertheless?
The solution lies in scope-limited third-party access to energy data. This means that third parties can process the data, but never get full access to it. The data owners remain in full control over their data and have a clear view of who, when, and to what extent receive information based on their data. CanaryBit’s Confidential Cloud Studio is where the magic happens.
Contact us and learn how it can be applied to your specific case!