November 6, 2018
Wirepas and Energy Web Foundation Announce Proof of Concept Wirelessly Connecting Physical Devices to Digital Blockchain
Zug, Switzerland and Vienna, Austria, November 6, 2018 – Today at European Utility Week in Vienna, Wirepas and the Energy Web Foundation (EWF) announced a proof of concept demonstration that wirelessly connects physical distributed energy sources to the digital Energy Web Chain. For the demonstration, solar panels and environmental sensors from at least three different hardware manufacturers form a decentralized wireless mesh network, connected through a gateway to the Energy Web Chain.
Verifying identities at the device level, certifying their outputs (such as solar panel generation), and securely connecting those devices to potentially transact through smart contracts on the blockchain are critical steps for achieving a decentralized energy future with billions of low-carbon, grid-edge technologies.
“One of the unique challenges of blockchain-for-energy solutions vs. cryptocurrencies is bridging from the digital world of blockchains into the very real physical world of electricity grids and real-time balancing of supply and demand to keep the grid running,” said Jesse Morris, chief commercial officer of EWF. “This proof of concept bridges those two worlds and the implications are very exciting. This allows us to evolve from an energy blockchain as a glorified ledger for transaction settlement data, for example, to a much more dynamic environment in which all sorts of grid edge devices become direct active participants in energy markets.”
Wirepas’s hardware-agnostic, autonomous and highly scalable mesh network provides an industrial-grade, infrastructure-light solution offering tangible ROI. Completing the link—not just to a cloud-based IoT service, but to a decentralized public blockchain like the Energy Web Chain—overcomes one of the major technological hurdles for applying blockchain-based solutions to the physical electricity grid.
“Grid-edge devices require reliable and secure connectivity to realize the full potential of distributed energy resources becoming part of the transactive energy system. Instead of creating data silos—imagine a world in which each device is enabled to participate in a broad transactive energy market with a unique and certified digital identity, and then securely connected directly to an inclusive, public blockchain as well as to any IoT Platform. This unlocks a world of possibilities we’re just beginning to explore,” said Thomas Weisshaupt, Director, Smart Energy at Wirepas.
About Energy Web Foundation
Energy Web Foundation (EWF) is a global nonprofit unleashing blockchain’s potential to accelerate the transition to a decentralized, democratized, decarbonized, and resilient energy system. EWF is building the shared, digital infrastructure—an open-source, scalable blockchain platform—specifically designed for the energy sector’s regulatory, operational, and market needs. Co-founded by Rocky Mountain Institute and Grid Singularity, and with a worldwide network of more than 80 affiliates and growing, EWF is the largest energy blockchain ecosystem and the industry’s leading choice as the foundational blockchain base layer, providing the digital DNA building blocks powering the world’s energy future.
For more, visit http://www.energyweb.org.
Wirepas Mesh enables wireless IoT networking at massive scale. It is a de-centralized IoT network protocol that can be used to connect, locate and identify lights, sensors, beacons, assets, machines and meters in cities, buildings, industry, logistics and energy – with unprecedented scale, density, flexibility and reliability. It can be used on any radio hardware and on any frequency band. Wirepas has its headquarters in Tampere, Finland and offices in Australia, France, Germany, India, South Korea, the UK and the United States.
Peter Bronski, Energy Web Foundation (email@example.com | +1.201.575.5545)
Thomas Weisshaupt, Wirepas (Thomas.Weisshaupt +49.173.487 1800)