Siemens-backed blockchain energy platform showcases in Germany
The German state-funded energy project uses DLT to enable transparent market transactions. A blockchain-based energy trading platform backed by German tech giant Siemens is being publicly demonstrated in a Bavarian municipality today.The so-called “Pebbles” project — short for “peer-to-peer energy trading based on blockchains” — is holding a virtual demo of its blockchain-based marketplace platform for optimized electricity trading. The demo was officially announced by the project on Oct. 22.The public demonstration of Pebbles’ energy platform in the town of Wildpoldsried in Bavarian marks....
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The largest engineering corporation in Europe Siemens AG has recently announced an energy collaboration with fintech startup LO3 Energy to create blockchain microgrids. The blockchain protocol aims to enable energy trades facilitated by a distributed ledger platform. Siemens Pairs up With LO3 Energy to Facilitate Brooklyn Energy Solutions on Blockchain.....
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....
A New York blockchain startup has partnered with tech giant Siemens as it expands an ethereum-based peer-to-peer energy transfer project. LO3 will work with Siemens to grow its TransActive Grid initiative, which enables participants to sell excess power to other microgrid stakeholders. In turn, Siemens will provide the startup with its microgrid control technology, the two firms said today. LO3 was recently awarded a patent for its decentralized energy transfer work by the US Patent and Trademark Office. Under the partnership, LO3 is working with Siemens’ next47 unit, created earlier this....
Following a weekend of solution seeking, collaboration and competition, the highlight of the Hackenergy 2016 event was a blockchain-fueled peer-to-peer (P2P) energy trading system called EcoCoin, which grabbed top honors. Brendon Geils of the U.S., Simon Appel of Germany and Hodge Hodgson of Germany) built the blockchain-fueled P2P energy trading system on the open source Hyperledger blockchain managed by the Linux Foundation to win the hacking competition. International Turnout. Hackers from Germany, Spain, the U.S., the U.K. and the Netherlands attended the event, held in Groningen, an....
Siemens AG will establish a dedicated business unit under the name, “next47,” to accelerate the development of new technologies, including blockchain applications. The name refers to the company’s founding in 1947. The new unit will combine the independence, speed and agility with Siemens’ financial strength and credibility in serving a global customer base. One of its goals is to address blockchain applications intended to simplify and securitize data transfer in industry and energy trading. €1 billion To Be Invested. Siegfried Russwurm, chief technology officer, said the company will....