Energy Web is a global non-profit on a mission to accelerate the energy transition by developing and deploying open-source Web3 technologies that help companies unlock business value from clean and distributed energy resources.
Why Web3?
Web3 is a loaded term. Proponents claim it's the future of the internet, critics say it’s a solution looking for a problem, or worse.
Regardless of your view, one thing is undeniable: There are few examples of decentralized technologies solving meaningful problems and creating real-world value for users. For Web3 to shake its reputation as nothing but a marketing term, the industry needs to stop making promises about the future and start demonstrating tangible impact.
This is our mission at Energy Web, and we’re not alone. Since our founding in 2017 we’ve worked with our community of to identify, test, and validate specific business processes where Web3 technologies provide distinct and material benefits.
We’ve found hundreds of ways not to use blockchain, and a few use cases with huge potential. To realize that potential, we now package multiple Web3 components – including public blockchains, self-sovereign identities, and decentralized architectures– into comprehensive, enterprise-grade solutions that energy companies use to reduce costs, improve efficiency and security, or build entirely new businesses.
Ignore the hype, take pessimism with a grain of salt, and learn how companies are using Web3 to solve business challenges today.
Energy Web started in 2017 as a joint initiative between RMI, a global non-profit with decades of experience identifying pathways to profitably decarbonize the energy sector, and Grid Singularity, a noted blockchain developer who saw the technology’s promise in the energy sector, along with a cohort of 10 founding energy companies.
Although business models supporting clean and distributed energy have long been clear, they aren’t scaling quickly enough to achieve global decarbonization targets. One key barrer is a lack of cohesion when it comes to digital technology. In all energy systems, today's digital landscape is highly fragmented and inefficient, reyling on complicated integrations between competing platforms and protocols throughout supply chains. This approach won’t work in an environment with evolving objectives, a growing number of stakeholders, and an increasingly diverse resource mix.
To make the global energy transition successful, the energy sector needs digital technology that enables a fundamentally different way of working; namely, radically reducing the cost and complexity of coordinating a multiplicity of companies with different roles, objectives, and IT systems. We started Energy Web to build it.
Milestones
2017
Q1
Energy Web officially launched with 10 founding companies: Shell, Tokyo Electric, Sempra, Equinor, Centrica, Stedin, TWL, Singapore Power, Elia Group, and Engie.
2017
Q3
Initial task forces begin work exploring blockchain solutions for traceability, demand response, and utility billing.
2017
Q3
Tobalaba, the first Energy Web blockchain test network, is launched with 13 validators.
2018
Q1
Energy Web membership surpasses 50 companies.
2018
Q3
Origin, the first EW decentralized application for issuing renewable energy certificates, is launched.
2019
Q1
Volta, the Energy Web pre-production test network, is launched. Membership surpasses 100 companies.
2019
Q2
The Energy Web Chain is launched with 10 initial validators.
2019
Q3
Energy Web Token is first listed on public exchanges. Multiple energy companies deploy applications on the Energy Web Chain.
2019
Q4
Flex, the EW decentralized application for managing distributed energy resources, is launched.
2020
Q1
The Energy Web Decentralized Operating System, a full stack of decentralized services, applications, and blockchain technologies, is launched.
2020
Q2
Initial roadmap for using EWT to pay for bundled IT services in the Utility Layer of EW-DOS published.
2020
Q3
Energy Web Community Fund governance mechanism established.
2020
Q4
Switchboard, the Energy Web decentralized application for self-sovereign identity and access management, is launched.
2021
Q1
Introduction of EWT staking for decentralized service level assurances for Utility Layer Services.
2021
Q4
Initial EWT staking pool, the first to feature DID-based authentication and authorization, is launched.
2022
Q1
Roadmap for the next generation of EW technology, backed by the Consortia Relay Chain, is announced.
2022
Q2
EW-DOS components are packaged into three comprehensive solutions: Asset Management, Data Exchange, and Green Proofs
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