Home Blockchain Germany looks to blockchain to help decentralize their energy economy

Germany looks to blockchain to help decentralize their energy economy



The Deutsche Energie-Agentur, also known as DENA — the main governmental group responsible for energy innovation in Germany — is looking to move its energy ecosystem to a decentralized database.

DENA “has selected Energy Web to design and construct a digital registry for distributed energy resources (DERs) across the country in partnership with more than 20 industry players,” an Oct. 13 blog post from Energy Web detailed, adding:

“The project will enable energy assets in Germany, such as thermostats, solar PV systems, batteries, and electric vehicle charging stations to undertake automatic registration with a decentralized ledger of identities, allowing their utilisation by the German grid for a range of services such as virtual power plants and frequency regulation.”

Germany’s energy innovation wing, combined with Energy Web and numerous blockchain and crypto companies, essentially want to digitize the country’s energy system by storing necessary components on a decentralized database.

One of DENA’s brass, Philipp Richard, explained in the post that the endeavor faces remaining hurdles in terms of setting the project into motion, although blockchain-based digital identities (which are currently undergoing testing) look favorable.

Built for the next generation of energy ecosystems, Energy Web’s open-source blockchain-based decentralized operating system, called EW-DOS, holds as a key component of the new decentralized database’s test model.

The project, however, plans to utilize multiple blockchains, and include technology from KILT Protocol and Parity Substrate — which come from BOTLabs and Parity Technologies respectively, the post said.

The new project follows the inception of the Future Energy Lab, which is a broad, recently-announced move from DENA. This project is aimed toward developing a trio of initiatives — “a blockchain machine identity ledger (BMIL), a CO2 emissions visualization, and a smart contract register,” the post said.

UPDATE Oct. 13, 17:48 UTC: This article has been updated with added information.



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