Today Vodafone Business announcement an agreement with the blockchain network Energy web to integrate Distributed Energy Resources (DER) into power grids using IoT and blockchain technology. Vodafone is one of the largest telecommunications companies in the world, with 625 million customers in 2019, mainly in Europe and Africa.
For renewable energy production, energy assets, including solar panels, wind turbines and batteries, must communicate with the grid and require a secure identity to do so. Therefore, the partnership plans to deploy SIM-centric blockchain technology (SCB) with IoT connectivity from Vodafone Business.
The process is very similar to how mobile phones have unique identities so that each energy asset can be identified. In this way, the grid can communicate when the asset needs to release energy to the grid or tell it to turn it off or store it.
Increasingly, electric car batteries are seen as a good storage solution available for excess energy, and many automakers are partnering with utilities for testing such as Nissan and Envision in the Netherlands. and Fiat Chrysler and Terna in Italy.
âWe are witnessing the convergence of several sectors to make the energy transition a reality – the energy sector, of course, but also the automobile, telecoms and even finance. From our perspective, the energy industry can only evolve so quickly and so far without considering IoT connectivity, âsaid Walter Kok, CEO of Energy Web. âBringing together EW’s expertise in energy and decentralization with Vodafone Business’s leadership in IoT creates a truly powerful combination. ”
Gartner Research showed that in 2019, there was an installed base of 4.8 billion IoT terminals, by far the largest proportion in utilities at 1.1 billion. In Greater China and Western Europe, smart electricity meters account for 26% and 12% of total IoT terminals.
âAs the number of decentralized, next-generation, low-carbon devices increases, so does their need to be securely connected, regardless of their location,â said Erik Brenneis, Director of Vodafone Business IoT. âThis connection needs to be simple and secure, ensuring that assets can easily be connected and managed by energy and communications networks around the world. “
Vodafone Business has over 100 million IoT connections worldwide and has also entered into an IoT cross-selling agreement with China Mobile.
Energy Web has over a hundred affiliates and continues to sign agreements around the world. This year, Shell-funded start-up Sonnen worked with Energy Web to store excess wind power in Germany, so that wind turbines don’t need to be turned off or down when demand is low. She is also involved in a project for the Austrian electricity grid and another in Japan.