Energinet and IOTA Foundation to drive IoT integration in the energy ecosystem
Energinet and the IOTA Foundation (IOTA) have signed a Memorandum of Understanding to cooperate in experimentation with the IOTA Tangle in the IoT and energy market domains.
The IOTA Tangle is the first open-source distributed ledger specifically being built to power the future of the Internet of Things (IoT), with feeless microtransactions and data integrity for connected devices and machines. Since November 2017, IOTA has been running the Data Marketplace initiative with the participation of Energinet and several industrial and IT companies.
After running tests on distributed identities, Energinet is now shifting toward exploring the potential of IoT devices integrated with the electricity markets with the IOTA Tangle. Energinet and IOTA will explore and test the possible use of IOTA in creating new products and services in the energy system centered on using IoT devices to accelerate the green energy transition, e.g. to manage heat pumps and electric vehicles towards using energy when there is an abundance of green energy in the grid. This collaboration will include services applicable to Energy and adjacent areas such as smart cities, smart buildings and mobility. This will be done through joint Proofs of Concepts (PoCs) and participation in collaborative IOTA initiatives.
Energinet is an independent public enterprise owned by the Danish Ministry of Energy, Utilities and Climate. Its core services center on electricity and gas transmission, including gas distribution and storage. With the goal of accelerating the green energy transition, Energinet has been exploring concepts of digital trust and distributed ledger technologies (DLT), and is now collaborating with the IOTA Foundation to explore the IOTA Tangle, an open-source, permissionless distributed ledger technology.
André Bryde Alnor, Market Developer in Energinet said: “As part of our journey to a digitized, green energy system, we know that we have to bridge the gap between the fast developments in IoT technology, being implemented on both household and industry level, and the centralized systems of the European energy system.”
Wilfried Pimenta de Miranda, Business Development Director at the IOTA Foundation said: “IOTA Foundation develops a cost efficient and scalable protocol that can enable Energinet’s ambition regarding developments across identity management, data access delegation, digital twins and data marketplaces. To make this happen, IOTA is eager to catalyze Energinet’s effort in research and experimentation within both tech and behavioral design. We look very much forward to shaping together an open and collaborative ecosystem.”
AES Corp seals 10-year carbon-free energy deal with Google
The AES Corporation has struck a 10-year supply contract with Google to provide near-carbon-free energy to power its Virginia-based data centers which will start later this year.
Claiming the first clean energy procurement deal in the world of its kind, AES will help ensure that the energy powering those data centers will be 90% carbon-free when measured on an hourly basis.
AES will become the sole supplier of the data centers' carbon-free energy needs on an annual basis, sourcing energy from a portfolio of wind, solar, hydro and battery storage resources to be developed or contracted by AES.
The agreement marks an important step in meeting Google's previously announced goal to run its business on 100% carbon-free energy on an hourly basis by 2030.
"Last year, Google set an ambitious sustainability goal of committing to 100% 24/7 carbon-free energy by 2030. Today, we are proud that through our collaboration with Google, we are making 24/7 carbon-free energy a reality for their data centers in Virginia," said Andrés Gluski, AES President and CEO. "This first-of-its-kind solution, which we co-created with Google, will set a new sustainability standard for companies and organizations seeking to eliminate carbon from their energy supply."
"Not only is this partnership with AES an important step towards achieving Google's 24/7 carbon-free energy goal, it also lays a blueprint for other companies looking to decarbonize their own operations," says Michael Terrell, Director of Energy at Google. "Our hope is that this model can be replicated to accelerate the clean energy transition, both for companies and, eventually, for power grids."
AES assembled the 500MW portfolio from a combination of AES' own renewable energy projects and those of third-party developers, which were selected, sized and contracted to meet Google's energy needs across a number of considerations, including cost efficiency, additionality and carbon-free energy profile.
The portfolio assembled by AES is expected to require approximately $600 million of investment and generate 1,200 jobs, both permanent and construction, in the host communities. These efforts will greatly simplify Google's energy procurement and management at a competitive price while decarbonizing Google's load and the broader PJM grid.
This supply agreement follows on the strategic alliance AES and Google formed in November 2019 to leverage Google Cloud technology to accelerate innovation in energy distribution and management and advance the adoption of clean energy. AES is pioneering greener, smarter energy innovations, with the goal of expanding the services available to large-scale corporate customers.
The Google.org Impact Challenge on Climate commits €10M to fund bold ideas that aim to use technology to accelerate Europe’s progress toward a greener, more resilient future. Selected organisations may receive up to €2M in funding and possible customised post-grant support from the Google for Startups Accelerator to help bring their ideas to life.
Last year it issued $5.75 billion in sustainability bonds to fund ongoing and new environmentally or socially responsible projects. To read its 2020 Environment report, click here.