Podcast / Audio
90. Blockchain, BigTech and 24/7 Green electrons - Redefining Energy podcast
- Jan 16, 2023 10:16 am GMT
Everybody wants to buy 24/7 green electrons, but until recently, it has proven quite difficult. Most buyers of Green Energy are currently purchasing their electrons on a yearly basis, and furthermore with little regard for the location.
At the same time, last century thinking has gripped regulators with frantic proposals of price caps and tentative market reforms around nodal pricing. This flurry of activity has only added confusion in the mind of renewables developers, and hence has been stifling investment.
The real solution to a correct pricing of green electrons comes from several forward-thinking energy consumers such as Google and Microsoft who have now decided to target an hourly match of Green Electricity. In order to solve the issue of monitoring space and time, blockchain has come to the rescue under the form of an EnergyTag.
We have brought Simone Accornero, CEO FlexiDAO, a European Start Up in charge of tracking and monitoring those Green Electrons by the hour. FlexiDAO works closely with critical stakeholders to co-create the international standard around energy-related emission compliance. Thanks to their end-to-end 24/7 Carbon-free Energy platform, companies can quantify and confidently showcase their contribution to society's decarbonization.
Tracking those Green Certificates will allow to price them properly, so renewable developers will know where and when it is valuable to add green electrons on the grid, boosting the incentives to invest in storage (time) and transmission (space). They could also in the future be key to track the production of green Hydrogen.
The Energy timestamps are a genuine innovation in the development of the Energy Transition.
Please check EnergyTag, with our friend Toby Ferenczi
Also, as promised, the link to the 8th Energy Storage Summit – London 22 - 23 February 2023
And we thank Aquila Capital for their support!
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