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Blockchain at Work in the Energy Sector

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Blockchain technology is enabling innovation in multiple industries, including the energy sector.

Blockchain Technology Partners, BTP, joined LF Energy to accelerate collaboration on deploying and managing blockchain infrastructure in the enterprise energy space.

BTP’s focus is on providing a strong, stable platform on which companies can then innovate and develop multiparty middleware applications and services, says Duncan Johnston-Watt, BTP CEO and Co-Founder.

In energy, blockchain technologies can provide provenance, meaning the ability to track the life cycle of assets. That might be, for example, tracking solar panels used in a solar panel installation, where they came from, who transported them, installed them, etc. This could be useful to address performance issues or repairs. Another use case would be to track renewable energy sources to ensure that the energy supplied is truly 100% renewable.

Energy will benefit from blockchain technology, in particular, because it has a broad and diverse set of market participants, “and this creates a lot of friction on several fronts,” adds BTP Vice President of Strategy, Csilla Zsigri. Blockchain and associated technologies can help alleviate these fractions.

In addition to being members of LF Energy, BTP is also a member of the Hyperledger Foundation, the CNCF and the Open Source Security Foundation.

To see a video interview and learn more, click here.

Linking Carbon Counting to Renewable Electricity Purchases

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More consumers and corporations want to know the carbon footprint of the companies they do business with, and businesses are buying more renewable energy in response.

But it’s no longer enough just to buy and use renewables. The pressure is on companies to also understand the carbon impact of those purchases.

That’s where FlexiDAO comes in. FlexiDAO, founded four years ago, helps companies eliminate emissions from the electricity they buy. It does that by enabling them to monitor and certify the origin of that power, and its carbon emissions every hour of the day.

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Enabling Communication to Deliver Smart Energy

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The modern grid will depend on good communication between utilities, customers, and devices. For instance, utilities need to tell a customer that renewable energy is available, so fire up that EV charging station. Or, customers, network conditions require you to turn your thermostats down to avoid bringing on a fossil-fuel peaker-plant, or black outs.

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The US Executive Order on Cybersecurity and the LF Energy Foundation

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Security of our global power grid is of utmost importance to the energy industry and for the function of our society as a whole. Recent events such as the Colonial Pipeline ransomware cyberattack and the SolarWinds attack have shown the importance of being able to secure both the infrastructure and the supply chain of the software powering the grid. Assurance that our open-source projects are built with the most advanced and transparent cyber-security processes and tools in mind is of utmost importance to LF Energy and the Linux Foundation as we globally move towards an increasingly digital and distributed power system.  

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