Elia Group and Energy Web (EW) successfully executed a proof of concept (PoC) around 24/7 green energy tracking under the existing innovation partnership
. Elia’s objective is to offer a solution aligned with its customer-centric electricity system vision that improves renewable energy traceability by meeting the future’s requirements of granularity and locality.
EW’s tech stack provided the blockchain-based certification system and P2P marketplace that Elia’s PoC required. The results demonstrate that the technology is application ready and compatible with the EoEB hub. More information about Elia’s work in the 24/7 traceability and this PoC
The PoC incorporates the use of blockchain-based tokens representing granular renewable energy certificates (GCs) onto Elia’s ‘Exchange of Energy Blocks’ (EEOB) hub. The EEOB hub allows for real-time energy transactions between consumers, generators and other market parties. However, granular proof of the origin of the transacted energy was a missing component in the EEOB hub. The PoC showed Elia that its EEOB hub’s transactions would be enriched with GCs.