Today Vodafone Business announced a deal with blockchain network Energy Web to integrate distributed energy resources (DERs) with power grids using IoT and blockchain technology. Vodafone is one of the world’s largest telecoms firms, with 625 million customers in 2019, primarily in Europe and Africa.
For renewable energy generation, energy assets including solar panels, wind turbines and batteries need to communicate with the grid and require a secure identity to do so. Hence the partnership plans to deploy SIM-centric blockchain technology (SCB) with IoT connectivity from Vodafone Business.
The process is very similar to how mobile phones have unique identities so that each energy asset can be identified. That way, the grid can communicate when the asset should release energy to the grid or tell it to switch off or store it.
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