Shell creates “virtual power plant” based on EWF blockchain

Sonnen Group, a subsidiary of oil and gas giant Shell, is creating a “virtual power plant” based onEnergy Web Foundation (EWF) blockchain in Germany.

A virtual power station will presenta distributed network of energy storage systems that will use surplus wind energy. Given that Germany plans to close nuclear and coal-fired power plants in the coming years, the country is experiencing a “boom” in the production of clean energy, and the number of its suppliers is constantly growing to meet consumer demand.

However, the seasonal nature of the production of “greenenergy ”and demand for electricity leads to a glut of supply, so a large amount of energy produced is wasted. For example, in 2018, Germany reduced its consumption of renewable energy by 5.4 TWh, and in the first quarter of last year, it reduced the use of wind energy by 3.2 TWh.

To solve this problem, virtualSonnen Group's power plant will begin to use surplus wind energy, which will be stored in a network of power systems combined using distributed ledger technology to form a distributed digital power plant. Transactions between power systems and Sonnen will be through smart contracts using DAI stablecoins.

Micha Energy Web Foundation Technical DirectorRune (Micha Roon) and Sonnen Managing Director Jean-Baptiste Cornefert believe that such a blockchain-based power plant will contribute to the development of the renewable energy sector in Germany, and “distributed batteries” will help conserve surplus natural energy in order to rationally use her further.

Blockchain is widely used by suppliers of 'cleanenergy. " Last summer, Clearway Energy Group launched a pilot blockchain renewable energy trading program. In November, a similar pilot project was introduced by the energy company GMP in Vermont, and in December, the Japanese company Kansai Electric Power began testing a platform for tracking, trading and calculating the energy generated by solar systems.

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