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Elia Group and Energy Web Launch Multi-Year Strategic Partnership

Laura Puscas | Unsplash
  • Understanding the potential of decentralized identifiers (DIDs) for a more-decentralized electricity system. DIDs help to overcome the challenges of market and software silos for integrating the electricity and mobility sectors. DIDs similarly help streamline asset registry management for distributed energy resources (DERs), which will make up a bigger and bigger portion of Europe’s power grid.
  • Improving the tracking of green energy and services. In 2019, European renewable energy demand surpassed 500 terawatt-hours (TWh), totalling more than half a billion guarantees of origin (GO). Logging the creation, ownership, and retirement of GOs with distributed ledger technology (DLT) will become more important as consumers seek green energy. This means applying the principle in near-real time to guarantee an effective match between green production and consumption. This principle could also apply not only to energy but also to services delivered by the TSO which could therefore also benefit from the green tracking.
  • Providing technical expertise and support for Elia Group’s new DLT Lab. As a founding member of Energy Web, Elia Group’s innovation arm has been on the forefront of exploring blockchain’s potential in the energy sector, from conducting a 2018 proof-of-concept on the Energy Web Chain test network to hosting an EW Chain validator node since the chain’s launch in June 2019. Now EW will support Elia Group’s new DLT Lab, which further advances the company’s domain expertise and internal capabilities.

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EW is a global, member-driven nonprofit accelerating a low-carbon electricity system through open-source, decentralized, digital technologies.