Blockchain to Reshape the Electric Grid?
Clean technology company Oxygen Initiative is getting the U.S. ready to start introducing blockchain-backed electronic wallets for drivers that could help shape the utility grid. The electronic wallet, Share&Charge, enables people to share their charging stations with drivers through the blockchain. With the blockchain, electric vehicle (EV) drivers would be able to undertake easy-to-use payment options such as highway tolls, peer-to-peer roaming and sharing of charging stations. Additionally, the technology could ensure that fees are collected from people for car-sharing, according to....
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Qiwi, a Russian payment system operator and one of the country’s most active cryptocurrency players, will launch a test to track energy transactions using blockchain technology in partnership with Tavrida Electric, one of the world’s leading suppliers of circuit breakers and a global energy smart grid supplier. Each Tavrida Electric transaction will be recorded on the blockchain, according to Moscow-based Rambler News Service. The transactions will be visible to regulatory agencies and other energy companies on the blockchain. Qiwi said it could extend the project to other energy....
A Honda and GM-led working group has unveiled a global standard for using distributed ledger technology to create decentralized electric vehicle charging networks. The Mobility Open Blockchain Initiative (MOBI) has launched a global standard for integrating blockchain technology into a decentralized vehicle charging network.The storage of excess energy generated by wind or solar is a big problem for the renewable energy industry as batteries are very expensive. But electric vehicles already have significant storage capacity so there's been a lot of work around plugging them into....
PRESS RELEASE. The State Grid Corporation of China will be adopting blockchain interoperability platform Wanchain’s technology for their national data management system. 30th March, 2021, Beijing, China – Wanglu Tech Ltd. (“Wanchain”) is pleased to announce that the State Grid Corporation of China (“State Grid”) has approved the results of its contracted feasibility study. The study systematically analyzed the impact of integrating blockchain technology into State Grid’s national data management system and concluded that Wanchain’s....
Siemens and New York-based startup LO3 Energy have announced that they are partnering up to collaborate in the field of innovative microgrids through the blockchain, according to a joint press release. The microgrid, which is being planned for Brookyln and was initially started as a pilot project of LO3 Energy, is now being developed further with the aid of Siemens Digital Grid in the U.S. For the first time, a microgrid control solution from Siemens is being combined with the peer-to-peer trading platform from LO3 Energy called the TransActive Grid. The combination of a microgrid control....
Technology is both a godsend a curse at the same time. On the one hand, technology allows us to accomplish many great things which previously either laborious or simply impossible. But, on the other hand, technology is also impacting our social and daily lives in ways we never expected. That isn’t stopping Norwegian startup Meshcrafts from trying something truly unique, fun, and decentralized. One of the more interesting technological developments in recent years is the electric vehicle. Whether it is electric bikes, electric unicycles or even electric cars, there is a certain appeal to....