In Bavaria, the blockchain-based Pebbles platform for electricity trading is being tested. The system was created with the participation of the technology giant Siemens.
The peering platform Pebbles was introduced in March 2018. The German energy supply company Allgäuer Überlandwerk, the power system operator AllgäuNetz, Siemens, the Kempten University of Applied Sciences and the Fraunhofer Institute for Applied Information Technology participated in its development. The project also received support from the German Federal Ministry of Economy and Energy.
The developers of Pebbles said that with the help of this platform, energy companies will be able to directly sell electricity to local consumers without the involvement of intermediaries and power system operators. In addition, the platform will be able to purchase energy for electric vehicles. All information about the completed transactions will be recorded in the blockchain, and interested parties will be able to track it.
It should be noted that Siemens has been working on the implementation of blockchain in the energy industry since 2018. Siemens has become a member of the international organization Energy Web Foundation (EWF) to study and create solutions that optimize production and energy consumption.
Last year, Toyota Motor Corporation began testing a blockchain-based system that allows businesses and private homes to sell electricity. The Japanese IT company Fujitsu has also developed a platform for the exchange of electricity between organizations for a stable energy supply during peak periods