page contents
USA Real Estate Blog

Siemens Joins The Blockchain Energy Alliance | #VentureCanvas

0 13


Akeredolu Feranmi | CoinPedia


Siemens Joins The Blockchain Energy Alliance-min
  • Facebook
  • Twitter
  • StumbleUpon
  • Pinterest
  • LinkedIn
  • Google+
  • reddit
  • Tumblr
  • Gmail

Smart Cities World reports that Divisions Energy Management and Power Generation Services of Siemens joined the Energy Web Foundation (EWF). The foundation is an alliance for blockchain developments explicitly meant for the energy industry. The organization’s mission is to “accelerate the commercial deployment of blockchain technology in the energy sector.”

Defining the Future of Energy

As a member of this non-profit organisation, Siemens said it plans to shape the future of blockchain-based transactive energy applications and new prosumer centric use cases. It also aims to develop innovative business models around financing, microgrids and the operation of distributed energy systems.

Siemens believes transactive energy applications will be pivotal in the drive of the energy sector towards decentralised and digitised energy systems. Distributed energy resources (DERs) like solar, wind, heat pumps, electric vehicles, stationary storage systems, and others such as flexible loads are playing an ever-increasing role in the sector.

“By combining microgrid control solutions and blockchain technology, operators of photovoltaic systems can feed excess electricity into the existing local grid,” according to Siemens.

Also, new forms of plant and project financing are needed. Blockchain technology gives a way for transactions in a decentralizing network to validate securely.

Blockchain Solutions in the Energy Industry

Blockchain in energy market
  • Facebook
  • Twitter
  • StumbleUpon
  • Pinterest
  • LinkedIn
  • Google+
  • reddit
  • Tumblr
  • Gmail

The blockchain enables a new business model for the energy industry. Companies have the flexibility to service consumers, prosumers, producers and network operators, taking into account user preferences and network restrictions.

Ability to combine microgrid control solutions and blockchain technology can help operators of photovoltaic systems feed excess electricity into the existing local grid. And they can receive their compensation from the customers directly.

Siemens has started adopting the blockchain technology to help its customers. Predominantly, they have been helping their customers develop new forms of energy. Or offer solutions for optimised control of energy generation and consumption.

Siemens is also collaborating with New York start-up LO3 Energy to develop these new technologies further. That is primarily in the areas of innovative microgrids and peer-to-peer energy trading platforms. These areas are currently implementing in Brooklyn.

Overall, Siemens strongly believes that blockchain technology has evolved new business models that could help increase the efficiency of future energy networks. And that it could also permit new forms of asset and project financing.

You can Contact us for Exchange Listing, Blockchain Events, Wallets, Tracking Tool info. Have a look at our blockchain partners here.

The post Siemens Joins The Blockchain Energy Alliance appeared first on Cryptocurrency information | Cryptocurrency News | Bitcoin News and Crypto Guide.

Continue reading …


Source: Siemens Joins The Blockchain Energy Alliance

قالب وردپرس

You might also like

Leave A Reply

Your email address will not be published.

Pin It on Pinterest

Share This

Share this post with your friends!