Energy Web Chain: The Top 10 Milestones from Year One
It’s hard to believe that the Energy Web Chain — the world’s first public, open-source, enterprise-grade blockchain for the energy sector — launched one year ago. It feels like both the blink of an eye and an eternity. That’s because A LOT has happened since the EW Chain went live on 19 June 2019. Here’s our list of the biggest milestones from Year One:
Energy Web Chain launches
The EW Chain launch itself was a major accomplishment. Until then, the overwhelming majority of energy-sector blockchain solutions were small pilots and proofs of concept running on test networks, including EW’s Tobalaba and Volta networks. With the launch of the EW Chain, the global energy sector now had an enterprise-grade platform, with validator nodes run by many of the world’s leading energy companies.
Engie’s TEO becomes first commercial application running on the EW Chain
In September 2019, The Energy Origin (TEO), a startup incubated within French multinational electricity utility Engie, announced that TEO’s decentralized application (dApp) had become the first to migrate onto the production EW Chain. Soon, other applications would follow, as Energy Web members and the broader EW ecosystem would begin deploying solutions ranging from renewable energy markets to electric vehicle charging to grid flexibility with distributed energy resources (DERs).
Building a digital renewable energy marketplace for Asia with PTT
In fall of 2019, we jointly announced with Thailand-based multinational energy conglomerate PTT development of a blockchain-based renewable energy marketplace for Southeast Asia. The marketplace would run on the EW Chain and leverage modules from the EW Origin software development toolkit (SDK). (Also: Earlier this year we announced Release C of the Origin SDK, took a closer look at its multi-certificate solution, and made the case for why electric vehicles are the next big new class of renewable energy buyers. Read more here on Medium.)
Energy Web Token (EWT) gets listed in Liquid and BitMart exchanges
As a public network, the EW Chain uses a native utility token, EWT. In September 2019, EWT became available on Liquid. Then in May 2020, EWT also became available on BitMart. This importantly helped to further decentralize the Energy Web, make it easier than ever for energy companies and blockchain developers to write smart contracts and deploy dApps, and provide essential liquidity for the network.
Using DERs for grid flexibility in Austria with APG
In January 2020, we jointly announced with APG, Austria’s transmission system operator, a project that will enable small-scale DERs to participate in frequency regulation for the Austrian power grid. APG expects that most of the roughly 1 million households in Austria will ultimately participate in the flexibility market, which inspired and leverages the EW Flex SDK.
Capturing surplus wind energy with a virtual power plant in Germany
In March 2020, we announced that the sonnen Group had unveiled a new virtual power plant (VPP) in northeastern Germany that leverages the Energy Web Chain and EW Origin. A network of distributed residential energy storage systems comprise the VPP, which is used to absorb surplus wind generation and thus avoid curtailment of renewable energy by charging the batteries when wind energy is abundant.
Bringing seamless ‘e-roaming’ to electric vehicle charging
Also in March, we announced that the Share&Charge Foundation launched its Open Charging Network (OCN), which in part makes use of the Energy Web Chain. Share&Charge’s OCN is a decentralized e-roaming solution for seamless electric vehicle (EV) charging across different charge point networks.
Partnering with Vodafone for secure energy asset identities
In May 2020, we jointly announced with Vodafone Business, a global technology communications company and a leader in IoT with over 100 million connections worldwide, a new partnership to help improve the integration of renewable and distributed energy assets within power grids using secure IoT connectivity and blockchain technology. The partnership will combine SIM-centric blockchain technology (SCB) with IoT connectivity from Vodafone Business to create secure IDs for energy assets. This means that renewable and distributed assets like wind turbines, batteries, heat pumps, and solar panels can be integrated with energy grids safely and efficiently.
Inaugural EW Innovation Challenge
Also in May, to celebrate the one-year anniversary of the Energy Web Chain’s launch, we proudly announced an open call for innovative ideas to support our nonprofit mission to decarbonize the global energy sector via open-source, digital, decentralized technologies. NOTE: We’ve extended the application deadline through Friday, 26 June!
Energy Web Decentralized Operating System unveiled
In a major update to our technology roadmap and core tech stack, we unveiled EW-DOS in December 2019. EW-DOS is a full stack of decentralized technologies and tools created for and operated by global energy market participants. EW-DOS provides a digital infrastructure connecting customers, assets, and existing energy-sector information technology (IT) and operational technology (OT) systems with energy markets and programs. Earlier this month, we expanded on that roadmap with a major update to the utility token model of EW-DOS, two major white paper releases, and a multi-part article series taking a closer look at EWT within the tech stack.
There were many other smaller highlights throughout the EW Chain’s first year. And Year Two promises to be even bigger. Don’t miss any of the updates. Follow us here on Medium. And subscribe to our email newsletter.