The Spanish company of renewable energy ACCIONA Energía will distribute blockchain to track the production of electricity, according to an announcement published on December 17th.
ACCIONA Energía is an international renewable energy operator worldwide that produces energy without emissions for over 6 million homes. The company is recognized as one of the leading renewable energy developers, with over 9,000 MW owned and installed.
ACCIONA started the project after reaching an agreement with FlexiDAO, a Barcelona-based startup offering software tools to power companies for digital energy services. With this move, ACCIONA intends to allow its customers to verify the origin of the electricity distribution.
For the announcement, ACCIONA and FlexiDAO worked jointly on the development of a commercial demonstrator that tracks the renewable electricity supply chain from five wind and hydroelectric plants in Spain to four corporate customers in Portugal.
Now the company is trying to implement the technology in new areas, including markets that do not have a consolidated renewable energy certification system. Belén Linares, director of innovation at ACCIONA Energía, stated that "blockchain technology can facilitate this service [tracing the renewable origin of energy] considerably to customers anywhere in the world. "
Global energy companies and utilities have applied blockchain technology to their supply networks and operations. At the beginning of this month, the South Korean government announced that it will spend 4 billion won ($ 3.5 million) to create a blockchain-enabled virtual power plant in the city of Busan. A VPP is a cloud-based distributed powerhouse that integrates the inactive capacities of multiple energy resources in order to optimize power generation.
In November, two energy divisions of the German technology giant Siemens joined a blockchain-based energy platform to promote the use of decentralized technologies in the industry. According to reports, Siemens officials believe that blockchain technology will help to increase interoperability in the area, linking consumers with energy producers and network operators.