Yesterday Siemens, German electricity utility Allgäu Überlandwerk, and other partners in the Pebbles consortium launched their blockchain local electricity trading platform in Allgäu, Germany. The companies developed the platform as part of the Pebbles Research Project.
Currently still at the demonstration phase, the platform allows private electricity producers to supply electricity directly to local consumers without using intermediaries like electricity suppliers. Blockchain technology allows for transparent end-to-end transactions, garnering trust between participants. The platform is designed to take into account the forecast in demand and the amount of electricity generated.
Allgäuer Überlandwerk is a German renewable energy supplier heavily involved in e-mobility and blockchain solutions. Managing Director Michael Lucke clarified the firm’s motivation for the blockchain project. “We don’t wait for solutions, we develop them. When asked why we called electricity suppliers to develop a platform to help us trade electricity, I reply: If we don’t do it, someone else will as the market demands it. We would rather take the role of innovative platform operator than later watch as our customers get their electricity and flexibility from another platform, completely without us.”
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