An “eBay” for Energy Companies Is Set To Launch in June
A U.K. consortium led by blockchain technology developer Electron is hoping to have an “energy eBay” up and running by June. Joanna Hubbard, COO of Electron, says that bilateral trading on the site will begin in a few months, and the project will become a shared marketplace for energy assets to respond to pricing signals.
Electron won a $900,000 grant to develop the energy trading framework in 2017 and is backed by some big names in energy like Siemens and National Grid. They realized that it wasn’t the tech that would be a hurdle, but “getting the industry buy-in,” said Hubbard.
But there are companies who jumped at the chance to be a part of the trading site.
Yoav Zingher, KiWi Power’s CEO and Founder, is excited to be a part of the project, stating, “Open and transparent markets are of vital importance to secure the most efficient, flexible future for electricity markets. KiWi Power has a strong track record over the past decade of delivering the best results for our clients in existing markets and will use this experience to guide the development of this new dynamic marketplace. As disruptive pioneers in the electricity industry we are excited to be part of a leading project to bring markets for flexibility forward into the 21st century.”[1]
[1] http://www.ibtimes.co.uk/edf-energy-shell-join-electrons-blockchain-energy-consortium-1658271
Latest
Value-Based Care is Reshaping Patient Outcomes and Healthcare
As of recent times, the healthcare industry has been progressively shifting towards value-based care, a model that emphasizes patient outcomes over the quantity of services delivered. This transition represents a significant shift that promises to enhance patient experiences and outcomes while controlling healthcare costs. With a growing emphasis on this approach, especially over the […]
The Potential of COW Water Reuse in Dairy Industry Shows Promise for System Management and Plant Maintenance
For the latest episode of ChemAqua’s Water Solutions podcast, the focus was on an innovative approach to water conservation in the dairy industry. The show examined the potential of reusing Condensate of Whey (COW) water, a byproduct of dairy processing, and highlighted some of its economic and environmental benefits. Hosted by Dani Waddell, the informative […]
Best Practices for Implementing Venue Management Software into FECs
The implementation of venue management software is a pivotal step for businesses in the entertainment and leisure industry. Kalyn New from Roller Software shared her expertise on this subject in a soundbite from the International Association of Amusement Parks and Attractions Expo (IAAPA). Her insights focus on two main aspects: scalability and integration. New underscores […]
