EkWateur uses blockchain to give energy choice in France
April 7, 2020
Australian firm Power Ledger and French green energy retailer EkWateur are rolling out a blockchain-based renewable energy trading platform to 220,000 electricity meters across France.
Users will be able to choose what type of renewable energy they want to purchase, as well as the location from where it is sourced, certified via blockchain.
The second stage of the project will enable residents to buy and sell excess renewable energy via peer-to-peer energy trading using a feature of Power Ledger’s Vision product.
Power Ledger partnership with EkWateur aims to revolutionise France’s electricity market with technology that lets consumers customise their energy mix for the first time. More than 220,000 electricity meters across France will gain access to Power Ledger’s blockchain-enabled product, which certifies the origin and source of renewable energy.
Households will be able to choose their own energy mix and track it in thirty minute intervals, as well as choose a certified source and origin of the renewable energy purchased.
“Power Ledger has proven the technology works and now we’re ready for a full scale country rollout in what will be our largest project to date,” said Power Ledger executive chairman Jemma Green. “This also marks a world-first in energy trading, with customers able to select their energy mix, knowing it’s certified via an immutable blockchain platform.”
The technology will go live across EkWateur’s network by the end of 2020.
“Whether consumers want to source energy from their neighbour’s solar rooftop panels, or a wind farm in Bordeaux, our platform gives consumers choice and control over their energy source,” said Green. “If the world wants to meet its Paris climate targets to reduce greenhouse gas emissions by 40 per cent by 2030, then we need to start empowering every household to make the switch to clean energy. This project proves the commercial opportunities of our technology.”
EkWateur offers 100 per cent renewable energy from wind turbines, solar panels and hydro power plants.
“Power Ledger’s technology fits perfectly with our vision,” said EkWateur CEO Julien Tchernia. “Transparency is key for EkWateur. Since the beginning we’ve aimed to offer innovative services to our clients so they can hold all the cards to actively participate in the transition of the energy market.”
Power Ledger has several large-scale projects with utilities and governments worldwide in countries including Thailand, Japan, Australia, Malaysia, India, Austria and the USA.
Power Ledger is an Australian technology company that has developed a blockchain-enabled renewable-energy trading platform. The company has built a series of products to enable energy trading, renewable asset financing and more efficient carbon and renewable energy credit markets.
EkWateur is a green energy retailer and aggregator that supplies 100 per cent renewable electricity from wind turbines, photovoltaic panels and hydraulic dams. It is the first company in France to offer 100 per cent renewable gas from biomethane and offers 100 per cent renewable wood logs made from oak sawdust from sustainably managed French forests.