Blockchain energy platform supported by Siemens makes demonstration in Germany

The German state energy project uses DLT to enable transparent transactions.

A blockchain-based energy trading platform supported by the German technology group Siemens was publicly demonstrated in Bavaria today

The so-called “Pebbles” project, which stands for “peer-to-peer energy trading based on blockchains”, organized a virtual demonstration of its blockchain marketplace platform for optimized electricity trading. The demonstration was officially announced by the project on October 22nd .

The public demonstration of the Golden Profit platform in the Bavarian village of Wildpoldsried is an important milestone. The project started in March 2018 .

The project is financed by the Federal Ministry for Economic Affairs and Energy and it is a joint initiative of the Allgäuer Überlandwerk, the network operator AllgäuNetz and Siemens.

The project is also supported by the Kempten University of Applied Sciences and the Fraunhofer Institute for Applied Information Technology

The initiative has set itself the goal of creating a platform with which private energy producers can market their electricity directly to local consumers without intermediaries or traditional network operators. The platform is also intended to offer electric vehicles electricity from battery storage systems. The blockchain was implemented to ensure that all information about market transactions is immutable and transparent.

Pebbles is not the only blockchain energy project being developed in Germany. In February 2020, the BMWi published an analysis of the most important blockchain implementations in energy trading. Four projects from the area were highlighted here, namely BloGPV, SMECS, ETIBLOGG and Pebbles.

In October 2020, the German Energy Agency claimed that it wanted to outsource its energy ecosystem to a decentralized database .