On the 15th May, tech corporation ABB
released details of its collaboration with Evolvere for blockchain powered energy distribution. The partnership aims to integrate ABB’s ‘sun to socket’ inverters with Evolvere’s smart grid using distributed ledger technology (DLT).
ABB’s inverters allow consumers to generate and use solar energy in their own home. The multinational Swedish-Swiss firm also provides an interoperable digital platform, ABB Ability, which underpins many of its services, including electrification.
With Evolvere, an Italian utilities firm boasting a retail portfolio of over 11,000 consumer power generation locations, ABB plans to integrate blockchain technology in its generation and distribution of power. They hope to provide a secure and transparent framework for consumers, while being cost and energy efficient.
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