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Acciona, a Spanish company focused on renewable energy projects, is going to allow its clients to trace renewable energy in real-time from anywhere in the world by using blockchain technology.
The company’s subsidiary Acciona Energía has kicked off a project, dubbed “GREENCHAIN,” which aims to implement the traceability of the renewable nature of its electricity generation across the globe using blockchain technology. It will enable clients to check that 100% of the electricity supplied is clean.
For initial phases of the project, ACCIONA Energía has entered into an agreement with FlexiDAO, a provider of software tools to electric power companies for digital energy services. FlexiDAO was one of the start-ups selected by ACCIONA in the second edition of its open innovation programme I’MNOVATION last June.
Acciona Energía said that it has been working with FlexiDAO on a commercial demonstrator to ensure the traceability of the renewable generation from five wind and hydro facilities in Spain to its supply to four corporate clients in Portugal. The demonstrator used a specialized blockchain platform for the electric power sector called Energy Web Blockchain.
“ACCIONA Energía has thus become the first entity to trace renewable energy through blockchain in Spain and Portugal,” Acciona said. The company added it has also pioneered blockchain traceability in its two renewable plants with energy storage in batteries in Spain.
The advantages of the blockchain-based system, according to the official release, lie in the simplicity of its integration with data systems, both of Acciona and the end client: ease of access, scalability and the complete security and privacy of data that blockchain ensures.
“Tracing the renewable origin of energy is an ever-increasing demand, associated with the growth of the corporate contracting market for green energy, and blockchain technology can facilitate this service considerably to clients in any part of the world. We are very pleased to take this first step along a route that will surely set the trend over the next few years”, says Belén Linares, Director of Innovation of ACCIONA Energía.
Going forward, Acciona said it will continue implementation in new areas, particularly those that do not have consolidated renewable energy certification systems, such as Mexico and Chile.
