A blockchain-based energy trading platform supported by the German technology giant Siemens is publicly demonstrated today in a Bavarian community.
The so-called “Pebbles” project – short for “Peer-to-Peer energy trading based on blockchains” – shows a virtual demo of its blockchain-based marketplace platform for optimized electricity trading. The demo was officially announced by the project on October 22nd.
The public demonstration of the Pebbles energy platform in the Bavarian town of Wildpoldsried marks an important milestone after the start of the project in March 2018.
Pebbles is funded by the Federal Ministry for Economic Affairs and Energy and is a joint initiative of the regional utility 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 aims to provide a platform that enables private energy producers to market their electricity directly to local consumers without the need for intermediaries or traditional network operators. The platform also intends to provide electric vehicles with flexible power from battery storage. The blockchain implementation aims to ensure that all information on market transactions is immutable and transparent.
Pebbles is not the only blockchain-based energy project that is being developed in Germany. In February 2020, the BMWi published an analysis of the most important blockchain implementations in energy trading, in which four related projects were highlighted, including BloGPV, SMECS, ETIBLOGG and Pebbles.
In October 2020, the German Energy Agency (DENA) announced that the authority wanted to convert its energy ecosystem to a decentralized database.