Germanys blockchain solution hopes to remedy energy sector limitations

Saturday 17 October 2020, 4:43 AM AEST - 1 week ago

Distributed energy resources, or DERs, have the potential to disrupt traditional electricity markets. Therefore, it shouldnt come as a surprise that innovative countries are looking toward emerging technologies that will allow DERs to transform entire energy economies.

Germany in particular is interested in using DERs to drive its digital energy economy while also complying with the European Green Deal. As such, the Deutsche Energie-Agentur, also known as DENA — the main governmental group responsible for energy innovation in Germany — announced plans to trial a blockchain-based solution to construct a digital registry for DERs.

Sara Mamel, senior export in digitalization at DENA, told Cointelegprah that DENA unveiled a pilot project six weeks ago called the Blockchain Machine Identity Ledger, or BMIL. According to Mamel, BMIL is being implemented together with Energy Web, a blockchain-focused nonprofit, along with 20 other partners in the energy and blockchain sectors:

This is a highly ambitious project with the goal of testing an infrastructure layer for the german digital energy system of the future. We want this project to have the biggest impact possible for the energy sector as a whole, which is why we have a highly innovative set-up. Blockchain for DER automation

Jesse Morris, the chief customer officer for Energy Web, told Cointelegraph that BMIL will construct a digital registry for DERs in Germany. Examples of DERs include rooftop solar photovoltaic power stations, battery energy storage like the Tesla Powerwall, smart thermostats and electric car charging stations. Morris added:

For power grids around the world, this represents a massive shift in investment and infrastructure. From a centralized system with a relatively small number of very large power plants to a decentralized system with hundreds of millions of small assets working as part of a larger whole.

According to Morris, a blockchain-based digital registry for DERs leverages decentralized identifiers that enable assets to self-register in the directory. This allows third parties like DER installers to easily verify claims about certain DERs. This solution should also help gr ...

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