By Ameren, a leading USA-based energy firm and Opus One Solutions, a Canadian software engineering and solutions company have teamed up to explore potential use cases of blockchain technology. The news was announced via a press release on March 28th.
Ameren currently provides its services to about 2.4 million electric and 900,00 gas consumers is seeking to explore blockchain as one of a number of options for its clean energy initiative. Based on market value, Ameren was listed amongst the top 20 U.S gas and power firms as of May 2018.
The firm is set to utilize blockchain for its Transactive Energy Marketplace (TEM), which is a microgrid developed using Opus One’s technology in order to improve supply and demand ratios.
Senior vice president of operations and technical services at subsidiary Ameren Illinois Ron Pate had the following to say:
“Identifying the value local distributed energy resources (DER) can provide to our distribution system and the customers it serves, helps inform how and where customers should invest in clean renewable power”
He added:
“Transactive energy markets will ensure that distributed energy resources are compensated appropriately, for the services that they provide.”
At this point, Ameren has not provided any details as to how blockchain would be leveraged but many energy providers worldwide have begun to seek out the tech in order to streamline their services and operations.
Just last month saw Japanese company Marubeni enter a partnership with LO3, a blockchain company in a bid to increase efficiency and automation of its renewable energy services.
Prior to Marubeni’s efforts, Fujitsu announced the positive test results of its blockchain trial in partnership with another Japanese energy company, Eneres. Clearly, many energy companies are on the hunt for new technologies to streamline their offerings and blockchain seems to be the technology many firms are seeking for their efforts.
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