German municipal utility claims world’s first green power blockchain trading platform

Municipal utility WSW in the western German city of Wuppertal says that it has launched the world’s first green power trading platform based on blockchain technology. Clients can buy electricity from local renewable power producers and determine their own power mix on the “Tal.Markt” platform, which was developed in cooperation with Swiss energy trader Axpo, according to a company press release.  “The concept has the potential to revolutionise power retailing”, said WSW head Andreas Feicht. He said selling power directly to consumers could save many wind and solar arrays that will no longer receive feed-in tariffs, because they cannot cover costs on the wholesale market. 

Find the press release in German here.

For background, check out the factsheet Blockchain – the next revolution in the energy sector? and the dossier Digitalisation ignites new phase in energy transition.