The Canadian environmental organization Toronto and Region Conservation Authority (TRCA), together with the Insolar startup, is testing the Assured Ledger platform for managing renewable energy.
As part of the Sustainable Technologies Evaluation Program (STEP) initiative, Ontario's government plans to replace 30 percent of its electricity generated from conventional sources with green energy for 15 years. This initiative requires the implementation of block technology to manage distributed energy resources. To this end, Insolar has developed the Assured Ledger platform, a block-based platform that will enable transparent information exchange between energy systems.
According to STEP technical coordinator Gil Amdurski, the platform will be used by solar and wind energy producers, interacting with its consumers. Producers will be able to distribute surplus resources as efficiently as possible to regions with electricity shortages, as well as control its storage and transmission. According to Lesley Czuma of Insolar Energy Projects, the developers of Assured Ledger are creating a highly scalable platform that can withstand peak loads, as well as working to prevent system shutdowns, ensure constant access to distributed energy sources and reduce consumer costs.
Blockchain is actively used in the energy industry. The other day, French green energy company ekWateur and Power Ledger reported that they are working on a block-type platform for distributing electricity from renewable sources. In addition, in autumn Power Ledger began testing a project to trade solar energy in the Indian state of Uttar Pradesh.
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