In the future, batteries in homes and buildings will be key to stabilizing the power grid by enabling better integration of renewable energies. In Germany, that future is becoming a reality today with the use of blockchain technology.

European electricity transmission system operator TenneT, energy storage firm sonnen, renewable energy producer Vandebron and technology giant IBM are joining forces to develop an innovative blockchain solution for managing the electricity grid in the Netherlands and Germany. This innovative technology represents the next step in enabling decentralized flexible generation, which will play a critical role in the management of the electricity grid in the age of renewable energy...

“Germany’s retreat from nuclear and fossil-fuel energy means more renewable energies at all levels of the grid, which presents significant challenges,” said Urban Keussen, CEO of TenneT TSO GmbH. “We must be flexible with regards to our management of energy production, namely solar and wind, that is inconsistent and highly contingent on the weather. Utilizing blockchain technology offers us new ways to network even locally distributed systems both safely and intelligently across multiple regions with one provider...

The digital process of verifying and documenting the performance values of these distributed flexible energy devices is delivered using IBM Blockchain, built with Hyperledger Fabric, a blockchain framework implementation and a landmark project hosted by The Linux Foundation. Blockchain facilitates and streamlines implementation, fulfilling requirements for data security -

The blockchain technology is what makes mass simultaneous exchange between all these parties possible in the first place, and is thus the missing link to a decentralized, completely CO2-free energy future.”

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