HomeCryptocurrencyBitcoinMajor European Power Utility Launches Twin Blockchain Trials

Major European Power Utility Launches Twin Blockchain Trials


Netherlands power utility TenneT is taking part in a pair of blockchain trials over the coming months focused on distributed energy transfer.

TenneT – which is owned by the Dutch government and is a major utility provider in Germany – is working with companies in both of those regions to test applications of the tech. Underlying the tests is software from IBM, which is a member of the Linux Foundation-backed Hyperledger blockchain project.

The first test, in conjunction with renewable energy marketplace operator Vandebron in the Netherlands, will focus on electric cars, with blockchain acting as a distributed signal network for cars that plug into recharge. In Germany, a separate trial conducted alongside blockchain startup Sonnen eServices will see the two firms use blockchain to create a record of electrical contributions from a series of connected batteries.

For now, the trials showcase a potential avenue for “enabling decentralized flexible energy sources to play a role in the management of the electricity grid, according to TenneT.

CEO Mel Kroon said in a statement:

“These pilot projects are part of TenneT’s broader strategy of preparing the electricity system to accommodate the growing volume of renewable energy.”

The trial is the latest sign that utility operators are looking at blockchain as a possible backbone for next-generation power systems, particularly ones that offer real-time data updates and mechanisms for more efficient distribution.

Other utilities are looking at uses in this area, and a number of blockchain startups have since emerged and developed possible applications.


Cyprus registers Binance as a cryptocurrency service provider.

Binance, a cryptocurrency exchange, will be able to provide services for virtual currencies in Cyprus as a result of the platform's recent registration with the...

More than 24,000 ATMs in Brazil will offer USDT through Tether and Smartpay.

Usdt, the largest dollar-pegged stablecoin on the market, was created by Tether, a company. Tether recently announced that more than 24,000 ATMs in Brazil will...

To solve the blockchain modularity issue, Celestia raises $55 million.

The project Celestia, which seeks to address the alleged centralization issue in the current monolithic blockchains, has announced the completion of its most recent funding...

Hong Kong considers removing the “Professional Investor-Only Requirement” and allowing retail investors to trade cryptocurrency.

Securities and Futures Commission (SFC) of Hong Kong's director of licensing and head of the fintech division both confirmed that the regulator is taking into...

Follow us


Most Popular