The Australian government has agreed to provide AU$2.57 million (US$1.9 million) to support a two-year pilot project that will use blockchain technology to pair utility-scale and commercial rooftop PV with a battery, electric vehicle charging stations and water treatment systems in Western Australia.
Some of the world’s largest and most notable energy companies, traders and financial institutions have united to create a blockchain-based digital platform that replaces the current manual tasks in the energy sector with digital contracts.
The two European utilities have set up a decentralized marketplace with other partners. The direct trade via Blockchain should help to save costs.
Report by TFE Consulting shows how investment in micro-grid businesses and technology is bridging the informational, operational and psychological gap between the end customer and micro-grid developers and investors.
Ten energy companies from nine nations have joined forces to provide $2.5 million support for the Energy Web Foundation (EWF), a global non-profit organization focused on accelerating blockchain technology across the energy sector.
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