On Monday Acciona, the Spanish renewable energy company
announced plans to extend blockchain traceability to its renewable generation globally. The purpose is for clients to be able to verify that the energy provided is clean.
Acciona is a major Spanish renewable energy player. While it has the biggest presence in wind, it also has major solar installations, hydro, biomass and concentrating solar power (CSP) facilities. In 2017 it produced more than 20GWh of clean energy enough for 6 million homes. Its 2017 revenue was more than Euro 1.7 billion. Although the majority of its facilities are in Spain, it’s also active in 20 other countries.
Acciona’s GREENCHAIN project is in association with startup FlexiDAO using the Energy Web Foundation’s blockchain. The latter is a permissioned version of Ethereum adapted for the energy sector. One of the benefits is it’s relatively easy to integrate. Overall they see the advantages as ease of access, scalability, and security and privacy of the data.
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