Blockchain Underpinning Much of Germany’s Renewable Energy Evolution

[Nostoman]

As Germany shuts down all nuclear and coal-based energy production, blockchain is underpinning many renewable energy platforms.
With Germany aiming to decommission all nuclear power generation in the country by 2022 and all coal-fired stations by 2038, myriad disparate renewable energy producers of various sizes are stepping up to meet demand. Distributed ledger technology is increasingly underpinning the architecture for many systems being designed by the country’s innovative renewable energy providers.

Cointelegraph spoke to Richard Lohwasser, the co-founder and CEO of Lition Energie — a Berlin-based greentech startup that has launched a blockchain-based marketplace allowing consumers to choose between multiple energy providers — to discuss how DLT is being used across Germany’s evolving energy sector.

A blockchain-powered energy platform
After being founded in late 2017, Lition was licensed as an energy supplier by German regulators in March of the next year and began providing power to customers the following month. The firm began large-scale marketing activities in the summer of 2019, estimating that it would have customers in more than 1,000 cities by winter.

Lition’s partners include international software providers Microsoft, SAP and PowerCloud, as well as local firms SüdwestStrom and N26, while its investors comprise “European family offices which invest through a convertible note.”

Lition operates a green energy marketplace that connects households directly with independent green power plants of their choosing. The company also plans to begin offering solar panels later in June. The platform comprises a proof-of-stake, second-layer solution built on top of Ethereum (ETH). Lition offers a data deletion feature and transaction fees of 0.001 USD Coin (USDC
Source and more info: https://cointelegraph.com/news/blockchain-underpinning-much-of-germanys-renewable-energy-evolution