American energy giant Ameren and Opus One, a Canadian software intelligence solutions company, have recently announced their partnership to explore the potential of distributed ledger technology (DLT) in their clean energy initiative, as per a press release (Mar 28).
The firms reportedly planned to deploy DLT in the Transactive Energy Marketplace (TEM), a large-scale power grid based on Opus One’s technology that aims to raise supply and demand ratios.
Ron Pate, Senior Vice President of Operations and Technical Services for Ameren Illinois, addressed that the value of local distributed energy resources (DERs), i.e., electricity-producing resources directly connected to a local system, will provide customers insight into “how and where [they] should invest in clean renewable power.”
Pate went on assuring that the TEM platform will make fair restitution to customers for the surplus caused by DERs, though no further details were mentioned as to how Ameren will utilize blockchain in the role of an energy provider refining their operations with advanced technology.
Earlier in 2019, Japan’s Marubeni added blockchain firm LO3 partner to tackle automation and efficiency of its renewable energy offering, while Fujitsu made good progress after testing blockchain with another Japanese energy supplier, Eneres, as reported by The Crypto Sight.