Vodafone Business has partnered with the Energy Web Foundation blockchain consortium to optimize the integration of renewable energy and distributed energy resources (DER) into the grid.
The partnership plans to accelerate the use of IoT and blockchain technologies to securely and efficiently connect DERs such as wind turbines, batteries, heat pumps and solar panels to grid networks.
SIM card-centric (SCB) blockchain technology will be combined with Vodafone Business’s IoT connectivity to create secure credentials for energy assets.
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Similar to how telecom operators securely identify mobile phones using SIM cards, the partnership will enable energy grid players to recognize distributed energy assets connected to their power grids.
The ability to identify and validate the distributed generation assets in the smart grid is essential to maintain its stability.
Vodafone is Energy Web‘s first strategic partner in the telecommunications sector as part of the consortium’s efforts to partner with various stakeholders to decarbonize the network.
Recent research by Gartner estimates utilities are already grappling with more over 1.1 billion IoT terminals last year, like smart meters, heat pumps, batteries and electric vehicles. Vodafone expects its IoT communication solution to play a bigger role in the years to come, as power grids around the world become digital and increasingly decentralized.
However, EU utilities will significantly reduce blockchain spending until 2023 due to the COVID-19 crisis according to the International Data Corporation.
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âWe are witnessing the convergence of multiple sectors to advance the energy transition, 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.
Erik Brenneis, Director of IoT at Vodafone Business, adds: âAs the number of decentralized, next-generation, low-carbon devices increases, the need to connect them securely, regardless of their location. , also increases.
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. At Vodafone Business IoT, we believe that technology and connectivity can be used to protect the planet and improve people’s lives. We are proud to work with Energy Web to make this a reality.