From the beginning, making renewable energy procurement faster and easier for buyers and sellers alike has been a core use case for the Energy Web tech stack—and the motivation behind our flagship SDK, EW Origin
, to support applications and renewable energy markets around the world. When TEO: The Energy Origin
—incubated within French multinational energy company, long-time Energy Web member, and EW Chain validator node host Engie—became the first application to migrate onto the Energy Web Chain during the second half of 2019, it further cemented renewables’ place in the ecosystem.
Then 2020 brought Release C
to EW Origin, the first major release since the EW Chain launched 9 months earlier, followed by several smaller releases
. One big upgrade was the adoption of a multitoken standard for EACs
, with a non-fungible token for permanent attributes such as generation type and location and fungible tokens for ‘tradeable’ attributes such as a particular megawatt-hour of renewable generation from that asset.
In tandem, 2020 saw a significant expansion in the potential for digitized, blockchain-based renewable energy markets. As corporate renewable energy buyers continued their procurement evolution, they began looking beyond emissionality and locationality for better ‘proof of impact’ solutions
. Electric vehicles took center stage as the next dominant class
of renewable energy buyers. ‘Green blockchains’
gained industry attention. While green hydrogen
burst onto the scene.
Along the way, more than half a dozen projects announced across four continents saw renewable energy markets globally take a big step toward digitization, leveraging EW Origin.