On March 12, the Royal Dutch subsidiary of Shell, Sonnen Group, made the announcement that it’s working with the Energy Web Foundation (EWF) to create in Germany a blockchain-based virtual power plant (VPP).

This VPP will include a distributed network comprising of energy storage systems for residential areas in order to reduce the curtailment of renewable energy in Germany and to absorb the excess of wind power. Since the country is going to shut down its nuclear energy and coal plants in the near future, the demand for green energy has increased. However, this led to renewable energy being wasted.

The VPP built by Sonnen will support the power grid in the region by absorbing the excess of wind energy stored across Sonnenbatteries. Sonnenbatteries are networked by the use of distributed ledger technology. Sonnen will execute transactions through smart contracts, transactions for which the fees will be processed in the Dai (DAI) stablecoin. By averting the power grid’s overload, the VPP aims to make it easier for Germany to expand its production of renewable energy.

Micha Roon, EWF’s CTO, said that implementing a blockchain-based approach for reducing the wind energy curtailment is a futuristic vision. Meanwhile, the Sonnen eServices’ managing director, Jean-Baptiste Cornefert, made this statement:

“With a flexibility market for renewable energies and the automatic exchange of supply and demand, we are realizing the next step towards a smart grid that can deal much more flexibly with fluctuations from renewable energy.”

The power sector in Germany is increasing day by day. More and more clean energy producers are looking into blockchain-based tech. For example, on March 9, Unibright (UBT) the blockchain tech provider, made the announcement that it has closed a partnership with Wasserkraft Mittelrhein, a German energy startup, to create a decentralized network that generates electricity and uses the Unibright Framework.

The power buoys made by Wasserkraft are over 36 feet in length, weighing more than 7 tons. Each of them generates enough energy for 100 households to function normally for 12 months.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

217 +