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The US multinational Energi Mine blockchain came out with a big announcement of collaboration in August. Every week of the month, the company said, a new partnership would be announced. Why the bustle? Much of it has to do with the state of the energy blockchain market.
The first movers like Energi Mine, which reward users to save energy, have especially money in the bank, thanks to the initial offers of coins. Now they have to show that they mean business while the most numerous competitors flock to the market.
Since blockchain platforms take time to refine, it is important to find third parties who can help each startup to develop proof-of-concept projects and create market momentum. [19659002] "Partnerships are very important for blockchain companies because they need people to take their platform to be successful," said GTM Research's edge analyst, Colleen Metelitsa. "It's a common practice within the startup community in general."
So, the partnership announcements are on the agenda. Here are eight.
Power Ledger and BCPG
Power Ledger is the best known blockchain energy developer in Australia and one of the fastest growing peer-to-peer exchange companies in the industry, with an impressive list of national projects and international.
In April he collaborated with Northwestern University in Evanston for a first commercial deployment in the United States. More recently, he announced a link with the Yolk Property Group for solar energy trading in the White Gum Valley residential development in Australia.
But his most significant partnership to date could be with the Thai BCPG developer.
The process is the first all-territory trading project within the Association of Southeast Asian Nations, said Power Ledger, Metropolitan Utility Metropolitan Electricity Authority that allows access to its network for the physical energy transaction between the participants.
Not only is this a pioneering project in one of the largest energy markets in Southeast Asia, but also the first to face a government reaction in the form of taxes on producers. What will happen next will show how well the blockchain schemes can withstand regulatory challenges.
Iota and Engie
There are people out there who are not convinced that blockchain has the task of managing millions of energy transactions, and for now they
Even if work is under way to overcome the challenges, it remains the fact that today's blockchains are expensive, slow and do not fit well.
One way to address the problem is to use a radically different blockchain design, like Iota, which was designed for the Internet of Things.
Engie may be one of the first energy companies to test Iota, based on an agreement that began this year and was revealed this month.
"Many works and concept tests have already been carried out in the laboratory and we would like to participate in larger projects in France and abroad," said Philippe Calvez, head of the research laboratory at Engie & # 39; s Computer Science and Artificial Intelligence Lab, in a press note.
Only Energy and Our Power
U.K. The startup blockchain Solo Energy revealed its first partnership with energy suppliers, with the nonprofit electricity and gas supplier Our Power, when it announced that it had fired the former executive Tesla Ben Hill as a commercial consultant and technical.
In the long run, however, the supply partnership might be more interesting to watch, since it will be testing the relatively new concept that Solo is pushing: use the blockchain to create a virtual power plant based on energy storage systems distributed.
a platform called FlexiGrid to aggregate residential and electric vehicle batteries, then use their unused capacity for peer-to-peer energy trading.
VeChain, BYD and DNV GL
The Singapore-based VeChain Foundation is not exactly a household name. But it was chosen by the Chinese BYD battery giant to help create a carbon system for electric vehicles.
The project was developed in collaboration with DNV GL, another megabrand in the energy sector.
Announcing the launch of the system this month, VeChain said, "This will be the first enterprise-class application that will transfer data from millions of cars, buses, trains and other vehicles onto a public blockchain platform."
LO3 and Energy Web Foundation
LO3 Energy and the Web of Energy The Foundation announced a partnership in July to examine the standardization of data used for future energy blockchains.
The commercial relationship and the project are significant. These are two of the most revered names in the business. Their collaboration involved solving a key problem for the industry, ensuring that the standards existed.
"We are starting to see companies recognize that it is in their interest to work together to scale the sector as quickly as possible and to standardize it as quickly as possible, so that we can go beyond the drivers and use the cases," called Metelitsa.
Swytch and Chuncheon
The blockytin company of clean energy incentives Austin, Texas, Swytch peeked out last month when he announced a deal to work with an entire city.
Chuncheon, the capital of the Gangwon province in South Korea, hopes the partnership will help reduce carbon emissions and improve sustainability.
"This partnership aims to solve energy shortages by boosting infrastructure development in a city that is poised to diminish its dependence on fossil fuels," said Youngsook Park, vice president of Swytch's commercial development in South Korea. [19659005] Iota and Vol kswagen
Although it is not an energetic link per se the integration project Tangle by Volkswagen deserves to be seen because it represents another test for Iota, which is emerging more and more as valid
At the CeBIT & # 39; 18 Expo in June, companies have unveiled a demonstration of the concept that allows Volkswagen to use the Tangle architecture of Iota to transfer software updates of cars connected via ether. [19659006] Energi Mine and all
And finally, only who did Energi Mine to collaborate in August? The first was a partnership with ON5, which works with European companies to reduce energy consumption.
Energi Mine then became public with a collaboration with Jem Energy, a solar energy company. The next step was an agreement with Hotel Cappucino, an environmentally friendly hotel in South Korea.
And Energi Mine ended the month by joining Solisco, a startup for recharging British electric vehicles. Not bad for a month's work. Let's see if something materializes.
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