Blockchain

There are a number of reasons to be bullish on electric vehicles. Government support is growing, battery prices are falling, and the technology is constantly developing. But, for the prospect of owning an electric car to become even more attractive, existing EV charging infrastructure needs to be enhanced. This is where blockchain comes in.

The technology is said to use blockchain’s properties of providing secure real-time and fully transparent data. The company says that ensuring renewable energy certificates is becoming increasingly important. This is the first step towards a more comprehensive platform that seeks to cover renewable energy assets from other energy companies as well.

The application of IoT, tapping, and analytics of big data, and much hyped applications like blockchain are making an impact on the solar PV sector and related devices, and also their interactions with the grid. But software has played an important role in the evolution of our industry dating back some 30 years.

The blockchain technology, which was developed by Austrian company, Riddle&Code, is intended to help the Portuguese power provider measure the electricity consumption of each user who owns and operates a solar array installed under net metering.

South Africa-based Sun Exchange and U.S. minigrid developer, Powerhive have come together to step up minigrid deployment in rural Kenya by leveraging the crypto economy. The partnership is expected to catalyze up to $23 million of capital and fund around 150 new projects in the country’s power hungry areas.

The World Energy Council tracks the top concerns of energy leaders and has created a tool with Arup to display its findings. The rise of digitalization issues and the decreasing significance of fossil fuels indicates a strong renewables market ahead and energy start ups are receiving increasing attention from utilities and leaders

The digital platform is intended to help developers of large photovoltaic plants to raise capital without having to resort to banks or traditional investors.

Australia-based peer-to-peer (P2P) energy pioneer Power Ledger will partner with Japanese utility Kansai Electric Power Company (KEPCO) to trial its blockchain-enabled platform. The limited trial will first involve only 10 homes in Osaka, however, Power Ledger says that Japan is an excellent fit for P2P energy trading.

The project, expected to be finalized by April 2019, is being planned by Spanish blockchain platform, CryptosolarTech. A big cryptocurrency mining server, relying on 3,000 servers to mine cryptocurrencies, will be located near Malaga, in the southernmost part of Spain. Ten solar projects totaling 45 MW will provide the necessary power, the estimated aggregate investment of which is €42.8 million.

The French energy giant will use blockchain technology to certify the green energy used in its manufacturing process in France by U.S.-based chemical company, Air Products. Through the software platform for digital assets, Engie hopes to transform its customer-supplier relationship.