Blockchain + renewable energy "popular" in the European power market

The decentralization and non-tampering characteristics of the blockchain not only promote the transparency and information sharing of power transactions, but also greatly alleviate the problem of the high proportion of intermittent renewable energy sources that are difficult to get online.

In August of this year, the Port of Rotterdam in the Netherlands launched the Distro power trading platform based on solar and battery energy storage, supported by blockchain distributed ledger technology and artificial intelligence.

●Clean power transaction "more convenient"

According to Bloomberg News, Distro was developed by the Rotterdam Blockchain Laboratory jointly established by the City of Rotterdam and the Port of Rotterdam Authority and S&P Global Platts.

In the two months ending in the second week of October, the Distro platform has completed 20 million transactions, of which 92% of the solar power is "produced and sold", which has been established among photovoltaic owners, public institutions, and corporate buyers.

Statistics from S&P Global Platts show that since the trial operation of Distro, end-user energy costs have been reduced by 11%, renewable energy producers' revenue has increased by 14%, and the return on investment of battery energy storage has also increased by 20%.

S&P Global Platts Innovation Director James Rilett said that Distro is a milestone, greatly improving the efficiency of renewable energy power trading transactions, almost achieving "seamless connection", while also improving the return on investment of solar and energy storage.

"Blockchain technology is the key to supply chain optimization and energy sustainability.

●Multiple integration cases are "promoting"

　　In fact, Distro is not the first case of “converged application” of blockchain technology in the field of renewable energy and power.
At present, many similar projects around the world are being deployed and promoted.
It is understood that most public utility companies and grid operators in Europe have used blockchain to track and certify clean energy with a generation capacity of megawatt-hours.
The European largest wind power development and operator in Spain is one of them.
member.

　　According to the "New Europe Weekly" report, Iverdrola is using blockchain technology to track its energy supply in real time to ensure that 100% of the products provided to customers come from renewable energy.
It is reported that at least two wind power plants and one power plant of the company are connected to a monitoring platform supported by blockchain technology.
Customers can get a "certificate" indicating the source of energy.
This decentralized solution increases transparency and also Reduced operating expenses, Iverdrola can save up to 400,000 euros in annual costs.

　　Estonia is also very active in the integration of blockchain and clean energy.
It is reported that the country is currently testing a blockchain-driven energy procurement and trading platform WePower, which aims to promote the development of clean energy.
The platform brings together producers, consumers, infrastructure investors, etc.
, and every participant can interact in this open and fair market.

　　In addition, South Africa has also created a blockchain power trading platform-the Sun Exchange.
This is a crowdfunding platform based on the solar power equipment rental market.
Participants from all over the world can purchase solar panel components on this platform and lease them to schools, hospitals and companies in South Africa, according to the amount of electricity used every month Obtain investment income, and the funds from crowdfunding will be invested in small and medium-sized solar power projects.
With the help of the Solar Exchange, South Africa's high-quality solar power projects have obtained initial funding, enterprises and institutions have used solar power, and investors participating in crowdfunding can obtain annual investment income ranging from 10% to 15%.

　　Obviously, blockchain has natural advantages in terms of data confidentiality, smart contracts, and ecological incentives, which can greatly improve the reliable supply of intermittent and unpredictable renewable energy.
The United Nations pointed out in a report that blockchain is one of the most promising technologies to deal with environmental problems today, which can make the use of green energy as convenient as online shopping.

　　●Clean energy innovation "key points"

　　The International Renewable Energy Agency (IRENA) also lists blockchain as one of the key innovations in the field of renewable energy.
IRENA pointed out in a report that in order to accelerate the development of low-cost renewable energy, the world needs at least 30 innovative technology tools and enable them to benefit from the scale of renewable energy.
Blockchain is one of them.

　　IRENA said that nearly 200 companies around the world are cooperating with blockchain technology companies, and blockchain-based solutions can support a wider range of energy trading and grid balancing solutions.
Blockchain-based smart contracts can provide to promote the modernization of the power grid, increase the application of renewable energy, especially the intermittent power that is difficult to absorb, while reducing costs and speeding up the transaction process.

　　In the past 10 years, the cost of renewable energy has dropped significantly.
Among them, the cost of solar photovoltaic power generation has dropped by nearly 75%, and the cost of onshore wind power has dropped by nearly 25%.
In the context of the approaching era of grid parity for renewable energy, how to reduce the cost of integrating it into the grid and maximize the proportion of grid connection has become the focus of technological innovation.

　　Dolf Dielen, Director of IRENA Innovation and Technology Center, said frankly: "Blockchain can realize point-to-point power transactions, and can also manage renewable energy and carbon emission reduction certificates, and ensure that all transactions cannot be tampered with, making renewable energy transactions and applications more reliable and efficient .
"

Transfer from: Polaris sells power grid

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