Smart Cities

Blockchain Is The “Missing Link” To A Decentralized, CO2-Free Energy Future

In the future, batteries in homes and buildings will be key to stabilizing the power grid by enabling better integration of renewable energies. In Germany, that future is becoming a reality today with the use of blockchain technology. European electricity transmission system operator TenneT, energy storage firm sonnen, renewable energy producer Vandebron and technology giant IBM are joining forces to develop an innovative blockchain solution for managing the electricity grid in the Netherlands and Germany. This innovative technology represents the next step in enabling decentralized flexible generation, which will play a critical role in the management of the electricity grid in the age of renewable energy. Both sonnen and TenneT emphasize that this collaboration is the first of its kind, and a pioneering step forward for the future integration of renewable energies. Using a blockchain solution developed by IBM, and residential storage batteries from sonnen, the TenneT project intends to ascertain the extent to which […]

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