Today
Iberdrola, the major Spanish electricity utility,
announced it has completed a blockchain test project that enables it to prove that power supplied and consumed is 100% renewable.
The utility is a major electricity provider in Spain but also has interests in the United States (AVANGRID), the United Kingdom (ScottishPower), Brazil (Neoenergia) and Mexico. It supplies electricity to more than 100 million people, has 34,000 employees and earned a net profit of €2.8 billion in 2017 on revenues of €31.3 billion.
The project for accrediting the renewable source of electricity in real time was developed in collaboration with the financial institution Kutxabank. They were able to trace the source of energy provided by Iberdrola, from generation to the point of consumption.
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