Australian blockchain company Power Ledger and French green energy retailer ekWateur are betting that consumer choice can help spur the transition to sustainable energy use.
In an announcement on April 1, the two companies revealed that they will offer nearly a quarter of a million French residents the ability to customize their energy mix, using blockchain technology to securely certify its source.
The new partnership will consist of connecting the ekWakteur network of more than 220,000 electricity meters across France to a new Power Ledger blockchain tool, called Vision.
EkWakteur – a retailer and aggregator of green energy that supplies 100% renewable electricity produced from wind turbines, photovoltaic panels and hydropower plants – would be the first company in France to supply 100% renewable gas from biomethane.
Thanks to Power Ledger’s blockchain tool, households will be able to select their preferred energy mix and track it every 30 minutes, relying on the Vision platform to certify the origin and source of their chosen supply. Power Ledger Executive Chairman Dr Jemma Green said:
âWhether consumers want to source energy from solar panels on the roof of their neighbor or from a wind farm in Bordeaux, our platform offers consumers the choice and control of their energy source. ”
The two companies stress the role that increased consumer choice and flexibility can play in achieving the goals set in the Paris Climate Agreements, which aim for a 40% reduction in greenhouse gas emissions. ‘by 2030. Every household must be empowered to go green in energy, argued Dr Green.
The technology is expected to be commissioned on the ekWakteur network by the end of the year, with Dr Green saying the nationwide deployment represents “a world first in energy trading” by offering greater control and security for customers. It is also the company’s largest project to date.
Blockchain for decentralized renewable energy trading
Earlier this year, researchers at the Irish Institute for Economic and Social Research proposed that blockchain could provide the infrastructure needed to innovate in renewable energy management. They proposed tools that would support the forward sale of renewable power generation and the symbolic interaction between energy providers and consumers.
Power Ledger has developed a blockchain-based renewable energy trading platform and a series of related tools that support energy trading, renewable asset financing and carbon credit markets. and renewable energy more efficient.
In September 2019, the company launched its first trial of peer-to-peer energy exchange technology in rural Australia, designed to help commercial establishments and farms improve their grid efficiency. electric and reduce associated costs.
In November, Power Ledger made the first commercial deployment of its blockchain-based energy exchange application, which allows users to pool their excess solar and battery storage in a virtual power plant for better control. and better management of their consumption.