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HANNOVER MESSE 2019, 01 - 05 April
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Integrated Energy

Energy industry concentrated on blockchain

The topic of blockchains is gathering speed in the energy industry. An EDNA initiative that has already attracted just under 40 members aims to facilitate the introduction of the technology in the sector.

10 Apr. 2018
HMI-ID03-081ds_BlockchainInitiative
Energy industry concentrated on blockchain

The fundamental objectives of the initiative are outlined in a flyer : This includes developing practice-oriented showcases and making available information for policy and regulation. During the constitutive session in January 2018, 26 companies announced their entry, and this number has now grown to 36. This, by its own account , makes the initiative of the German Federal Energy Market and Communication Association (EDNA) the largest interest group on the topic in Germany.

During the latest general assembly, EDNA CEO Rüdiger Winkler stated that blockchain wouldn’t cause any disruptions “right away.” Dr. Sönke Gödeke from law firm Pinsent Masons emphasized that the technology represents an ideal playing field for public utilities to test out new business models at reasonable cost and effort. Among other things, a breakthrough depends on how fast blockchain can actually be integrated into existing energy processes, according to Viktor Peter from the German Association of Energy and Water Industries (BDEW). Peter is co-author of a BDEW study examining the potentials that blockchain offers energy providers. Among other things, it cites as examples the charging infrastructure for e-mobility, the certification of green electricity and regional power, neighborhood and tenant power concepts, electricity wholesale, and control energy.

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