According to an announcement published on Monday, December 17th, ACCIONA, a Spanish renewable energy business, has plans to utilize blockchain to track the generation of electricity. As a worldwide renewable energy operator, ACCIONA Energía produces energy that’s emission-free to 6 million homes. With over 9,000 MW installed and owned, they are the largest renewable energy developer. After ACCIONA made an agreement with FlexiDAO, a Barcelona startup, they began work on the project. FlexiDAO supplies software tools for digital energy services to electric power companies. Through this move, ACCIONA plans on letting their clients check the source of electricity distribution. The announcement also states that FlexiDAO and ACCIONA have been developing a commercial demonstrator to track the supply of renewable electricity generation from five hydro and wind facilities in Spain to four business clients in Portugal. The company wants to implement this technology in new markets including those that don’t have a combined renewable energy system. The Director of Innovation at ACCIONA Energía, Belén Linares, believes that blockchain technology will be able to trace the origin of renewable energy to clients all over the world. This will be a significant achievement for the company. Utilities and energy companies are currently applying blockchain technology to their supply operations and networks all across the globe. Several weeks ago, the South Korean government pledged 4 billion won ($3.5 million dollars) to develop a blockchain-based virtual power plant (VPP) in Busan. Virtual power plants are cloud-based power plants that integrate the idle capabilities of numerous energy resources to enhance power generation. Last month, several energy divisions of Siemens, a German-based technology corporation, joined an energy platform driven by blockchain to support the use of decentralized technologies. Officials at Siemens think that blockchain technology will increase interoperability and link consumers with network operators and energy producers.
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