AIR PRODUCTS and ENGIE to launch blockchain project to track green energy
The industrial gas company, AIR PRODUCTS, has partnered with French utility, ENGIE, on a blockchain project that will trace and certify green energy usage in manufacturing processes.
AIR PRODUCTS will be able to identify green energy generation assets through blockchain technology – ENGIE will offer the firm traceability in real time.
The companies will also develop an innovative offering that will allow for the certification of the source of green energy during the manufacturing of products.
Initially ENGIE will link the production of a wind farm and two hydroelectric plants to AIR PRODUCTS’ point of consumption at the Sitn-Quentin Fallavier, Isère plant.
AIR PROUDUCTS will also be equipped with a private web interface for the monitoring of renewable asset production.
“Certification by blockchain technology gives ENGIE the opportunity to transform its customer-supplier relationship. We not only provide green electricity, we support our customers in their energy transition,” stated Edouard Neviaski, CEO of ENGIE's Global Energy Management Business Unit.
“With this type of contract, our ambition is two-fold: to improve the monitoring of green energy consumption by our customers and to enable our customers to be involved in their traceability to the final consumer.”
“With this traceable green energy system, we can better support them in their sustainable development approach, just as we’re already doing with our logistics strategy, aiming to be more respectful of the environment,” remarked Kurt Lefevere, Vice President of Northern Continent Industrial Gases Europe at AIR PRODUCTS.
Drax advances biomass strategy with Pinnacle acquisition
The Group’s enlarged supply chain will have access to 4.9 million tonnes of operational capacity from 2022. Of this total, 2.9 million tonnes are available for Drax’s self-supply requirements in 2022, which will rise to 3.4 million tonnes in 2027.
The £424 million acquisition of the Canadian biomass pellet producer supports Drax' ambition to be carbon negative by 2030, using bioenergy with carbon capture and storage (BECCS) and will make a "significant contribution" in the UK cutting emissions by 78% by 2035 (click here).
This summer Drax will undertake maintenance on its CfD(2) biomass unit, including a high-pressure turbine upgrade to reduce maintenance costs and improve thermal efficiency, contributing to lower generation costs for Drax Power Station.
In March, Drax secured Capacity Market agreements for its hydro and pumped storage assets worth around £10 million for delivery October 2024-September 2025.
The limitations on BECCS are not technology but supply, with every gigatonne of CO2 stored per year requiring approximately 30-40 million hectares of BECCS feedstock, according to the Global CCS Institute. Nonetheless, BECCS should be seen as an essential complement to the required, wide-scale deployment of CCS to meet climate change targets, it concludes.