Renewable energy may be clean, but it’s not always available when needed, so a major power transmitter has kicked off a project using blockchain technology to manage the flow of power.
Tennet announced last week that it was running the first European blockchain-controlled power stabilization scheme, in a partnership with battery supplier Sonnen, using IBM’s blockchain software.
The two partners announced test pilots in May, as CoinDesk reported at the time. That work has now entered the phase of practical application.
Urban Keussen, Tennet’s board chairman, said the project allowed the company to lead the way on the integration of renewable energy into the power supply of Europe.
He said in a statement: […]
Read Full: Renewable-Energy Blockchain Project Moves Past Test Phase