Automobile makers everywhere are betting big on electric vehicles as the world begins to push for environmentally friendly modes of transportation. For example, while fewer than 1% of cars on the roads in the United States today are electric, a number of automobile manufacturers are aiming to change this by stopping sales of gasoline-powered cars. At the end of January 2021, General Motors said it would stop selling gas-powered cars and trucks by 2035. In addition, automakers such as Tesla, Ford, Volkswagen and even Porsche have announced plans to introduce new electric models in the coming years. At the same …
As the benchmark oil futures contract in the United States fell into negative territory this week for the first time in history, blockchain devs have been focusing on greener, sustainable energy projects. Australian blockchain firm Power Ledger has just signed a deal with the largest medium-density residential developer in Perth to roll out its blockchain-based solar energy trading platform for local residents over the next three years. On April 22, Power Ledger and developer Nicheliving revealed that the platform will initially roll out in 62 apartments in Nicheliving’s flagship SkyHomes development in Inglewood, followed by 10 further developments in the …
The world’s energy market is rapidly evolving, moving from hydrocarbon plants to a future centered around clean energy enabled by wind and solar power. As such, today’s energy market is shifting to an increasingly decentralized, real-time model based on distributed energy resources (DERs) including battery energy storage systems, solar arrays, natural gas generators and more. Recent findings from Allied Market Research show that the global distributed energy generation market size was valued at $246.4 billion in 2020, yet this number is predicted to reach $919.6 billion by 2030. Web3 technologies for managing energy assets Given today’s advancing energy market, Jesse …
Marubeni Corp., a major Japanese sōgō shōsha, or general trading company, is now backing a blockchain-based power trading platform. Per a report by Reuters on July 23, Marubeni has issued a loan to Lithuania-based blockchain project WePower. According to Reuters, the size of Marubeni’s stake in WePower after converting the loan is yet to be determined. WePower has reportedly developed a platform which allows small- and medium-sized enterprises to more easily buy power specifically from wind- and solar-based sources via standardized digital power purchase agreements. The platform aims to unlock tens of billions of dollars in power generation to smaller …
Wien Energie, the largest energy provider in Austria, has announced a charger for electric cars based on distributed ledger technology (DLT), Cointelegraph auf Deutsch reports on March 29. Per an official press release, Wien Energie in partnership with blockchain tech firm Riddle & Code are testing an electric vehicle charging station with “integrated secure machine identity” in Vienna. The new machines purportedly aim to provide immutable data interfaces that connect various aspects of the power supply chain, including smart meters, producers and consumers. In its initial stages, the station will purportedly allow real-time settlement of charging transactions. Once the system …