When is blockchain relevant?

‍Traceability and certification of renewable energy

Challenge: Ensuring the traceability of renewable energy sources and certifying their origin and use.

Blockchain solution: Recording renewable energy production on a blockchain, offering transparent and tamper-proof traceability. This can facilitate the certification of green energy and boost consumer and investor confidence.

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Decentralised energy exchange system

Challenge: Create an efficient and fair energy exchange system that can manage small-scale decentralised energy production (e.g. domestic solar panels).

Blockchain solution: blockchain-based peer-to-peer (P2P) energy exchange platforms that allow users to sell their surplus renewable energy directly to other consumers, optimising energy distribution and reducing dependence on traditional networks.

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Financing renewable energy projects

Challenge: Mobilising capital to finance renewable energy projects, particularly small projects that may have difficulty accessing traditional financing.

Blockchain solution: Using tokenisation to facilitate the participatory financing of renewable energy projects. The creation of tokens representing a share in a renewable energy project can lower barriers to entry for investors and increase market liquidity.

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Reducing greenhouse gas emissions

Challenge: Monitoring and verifying the reduction of greenhouse gas emissions in the context of international commitments and carbon markets.

Blockchain solution: Using blockchain to create a transparent and unalterable register of emissions and carbon credits, making it easier to track emissions reductions and combat double-counting and fraud.

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Optimising grid management

Challenge: Efficiently manage energy grids to integrate intermittent and distributed renewable energy sources.

Blockchain solution: blockchain-based smart grids can automate the balancing of energy supply and demand through smart contracts, improving grid efficiency and stability of energy supply.

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