Today GE Power announced it’s joining the blockchain study run by the German energy agency Deutsche Energie-Agentur (dena). Back in May dena
unveiled plans for a study to examine applications for energy systems. GE Power Digital joins Siemens and other participants.
Several startup blockchain projects are creating markets for alternative energies, especially solar. The dena study is far broader and will apply to existing infrastructure as well.
“At its foundation, blockchain offers the best conditions for the exchange, validation and documentation of valuable data in an integrated energy system,” said Andreas Kuhlmann, dena’s CEO. “We have come to a point where it is necessary to verify whether the technology’s potential can be implemented in practice from a technical, economic and legal standpoint.”
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