Tokyo’s main power company is using blockchain distributed ledger technology to assess how customers on its new renewable energy tariffs could use solar, batteries and electric vehicles to trade energy via the grid.
Clean-energy incentive company Swytch has announced a partnership with Chuncheon, the capital of Gangwon Province in South Korea, to spur economic growth and sustainability efforts while cutting down carbon emissions within the city.
Blockchain technology is being touted as the next big step forward in the digitalisation of the energy system. But storage and storage management software are the critical pieces of the puzzle needed to maximise its potential, writes Carsten Reincke-Collon.
At present, power utilities are designing and testing several applications of the blockchain technology. The crypto-currency called “SolarCoin” aims at accelerating the solar PV energy production. Florent Andrillon, Arthur Arrighi de Casanova and Louise de Brémond d’Ars of Capgemini Consulting take a look at how it works.
The combination of rapidly evolving technologies and the trend towards decentralisation is demanding increasingly sophisticated commercial models. Simon Göß looks at some of the emerging solutions and considers the place of blockchain technology in tomorrow’s energy system.