UTE joins Energy Web to revolutionize the energy sector

In its effort to become a global leader in digital innovation and rapid decarbonization of the energy sector, Uruguayan grid operator Administración Nacional de Usinas y Trasmisiones Eléctricas (UTE) has announced its partnership with Energy Web (EW ).

The partnership will allow UTE to take advantage of the blockchain-based solutions offered by Energy Web, including the Energy Web decentralized operating system (EW-DOS), the energy Web chain as well as the software development tools EW Origin and EW Flex to pursue its innovations. in the production of electricity. With this partnership, UTE will officially become a member of the Energy Web and will be able to host an EW chain validation node.

Uruguay’s energy sector has continuously brought innovations in energy transformation. Previously, the country was dependent on oil, but later turned to hydroelectric, wind and photovoltaic renewable energy generation options to meet electrifying energy demand. And that’s why Uruguay’s power grids currently run on 98% renewable energy.

UTE is a state-owned energy company in Uruguay that is committed to making electric power affordable to people through electricity generation, transmission and distribution, and marketing. It exports energy to its neighboring countries, including Argentina and Brazil. Furthermore, UTE’s vision is to provide quality service and expand renewable energy generation plants across the country to meet the growing local energy market.

Energy Web is a non-profit organization that empowers its members to create low-carbon power systems by leveraging its blockchain and decentralized technologies.

According to Walter Kok, CEO of Energy Web, there are many potentials in this collaboration where Energy Web will support UTE in decarbonizing the power system by leveraging Energy Web’s decentralized blockchain technology. UTE will also be able to leverage the benefits of collaboration to:

  1. Develop innovative solutions via EW-DOS to stabilize the electrical network.
  2. Getting the most out of investments made in electric motor vehicles.
  3. Provide increased traceability and transparency for energy services.
  4. Launch new business products to meet consumer needs.
  5. Provide smart meters to half of its 1.5 million consumers by 2021.

The UTE has a specialized unit for Environmental Management and plans to improve its electrical coverage of the national territory. With this collaboration, UTE aims to gain a foothold in the energy sector through digital innovation with the support of the blockchain and decentralized technology of Energy Web.