Shell Subsidiary Creates Virtual Power Plant Using Blockchain in Germany For Renewable Energy

On March 12, the Royal Dutch subsidiary of Shell, Sonnen Group, made the announcement that it’s working with the Energy Web Foundation (EWF) to create in Germany a blockchain-based virtual power plant (VPP).

This VPP will include a distributed network comprising of energy storage systems for residential areas in order to reduce the curtailment of renewable energy in Germany and to absorb the excess of wind power. Since the country is going to shut down its nuclear energy and coal plants in the near future, the demand for green energy has increased. However, this led to renewable energy being wasted.

The VPP Will Absorb the Excess Wind Power

The VPP built by Sonnen will support the power grid in the region by absorbing the excess of wind energy stored across Sonnenbatteries. Sonnenbatteries are networked by the use of distributed ledger technology. Sonnen will execute transactions through smart contracts, transactions for which the fees will be processed in the Dai (DAI) stablecoin. By averting the power grid’s overload, the VPP aims to make it easier for Germany to expand its production of renewable energy.

Sonnen is at Its 3rd Launch in Germany

Micha Roon, EWF’s CTO, said that implementing a blockchain-based approach for reducing the wind energy curtailment is a futuristic vision. Meanwhile, the Sonnen eServices’ managing director, Jean-Baptiste Cornefert, made this statement:

“With a flexibility market for renewable energies and the automatic exchange of supply and demand, we are realizing the next step towards a smart grid that can deal much more flexibly with fluctuations from renewable energy.”

The Blockchain Used More and More by German Clean Energy Producers

The power sector in Germany is increasing day by day. More and more clean energy producers are looking into blockchain-based tech. For example, on March 9, Unibright (UBT) the blockchain tech provider, made the announcement that it has closed a partnership with Wasserkraft Mittelrhein, a German energy startup, to create a decentralized network that generates electricity and uses the Unibright Framework.

The power buoys made by Wasserkraft are over 36 feet in length, weighing more than 7 tons. Each of them generates enough energy for 100 households to function normally for 12 months.

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Oana Ularu
Oana Ularu
Curious about what’s going on with all the money in the world, Oana is bringing you the latest news in the crypto world. She’s aware of the fact that you need to know everything that’s happening on the financial scene in order to play the cryptocurrency market, so you can count on her to share with you every little detail on what matters.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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