Yesterday, Texas-based Artemis Energy Services announced a partnership with privately held software company OSIsoft to develop a blockchain solution to track, trace, and trade energy.
Under the collaboration, the two will create a blockchain energy marketplace that will serve individuals as well as operators involved in the market. It will enable privately-owned solar and other renewable installations to be connected to the grid and engage in the marketplace. The goal is to optimize the electric grid and provide real-time data for transparency in settlement and compliance.
OSIsoft, which has around 1,300 employees, has a suite of solutions, the PI System, that gathers data from sensors, IoT devices and equipment. It aggregates and normalizes the raw data from numerous sources so that users can access it via reports and analytics. For many clients, OSIsoft provides Industrial IoT software. In this instance, the data comes from distributed energy resources (DERs).
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
