Blockchain Technology For Renewable Energy In France

Power Ledger To Supply Blockchain Enabled Renewable Energy Technology To French Green Energy Utility EkWateur; Technology To Go Live By 2020-End
09:37 AM (Beijing Time) - 13. April 2020
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The contract with ekWateur is Australian RE blockchain company Power Ledger’s largest project to date. It calls it the world’s biggest choose your own energy source project. (Photo Credit: PowerLedger Pty Ltd)

Key Takeaways

  • Power Ledger has bagged a contract with French renewable energy supplier ekWateur
  • Power Ledger will supply its blockchain technology to 220,000 electricity meters of ekWateur
  • It will allow customers to choose their source of renewable energy, its source and they will be able to track it in 30-minute intervals
  • Residents will also be allowed to buy and sell excess renewable energy via P2P energy trading

Power Ledger is expanding into the French renewable energy market with what it calls the world’s biggest choose your own energy source project. The Australian blockchain technology company for renewable energy has entered into a partnership with ekWateur, a French green energy retailer for electricity generated from wind turbines, solar panels and hydropower plants.

Under the partnership, PowerLedger is offering its Vision product to enable 220,000 electricity meters to participate in energy trading wherein customers will be able to choose the renewable energy they’d like to purchase, as well as location of the source.

PowerLedger says households will be able to choose their energy mix and track it in 30-minute intervals. In the second stage, the arrangement will allow residents to buy and sell excess renewable energy via peer-to-peer (P2P) energy trading. The technology will go live across ekWateur’s network by the end of 2020.

“Power Ledger has proven the technology works and now we are ready for a full scale country rollout in what will be our largest project to date. This also marks a world first in energy trading with customers able to select their energy mix knowing it’s certified via an immutable blockchain platform,” said Power Ledger Executive Chairman Dr Jemma Green.

Power Ledger has introduced its blockchain technology for renewables to several other countries as well including its home market Australia, India, Malaysia, US, Thailand, Japan and Austria.  In February 2020, Italian renewable energy utility Alperia contracted Power Ledger to use its blockchain enables renewable energy trading technology in a trial project (see Italy To Try Out Blockchain Enabled RE Trading).

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

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Anu Bhambhani