US Energy Provider Ameren Looks At Blockchain in Clean Energy Solutions March 29, 2019 March 29, 2019 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsMarch 29, 2019 by Kelly Cromley

US Energy Provider Ameren Looks At Blockchain in Clean Energy Solutions

Ameren, a popular US based energy firm, and Opus, a Canadian software solution provider, has partnered to study the capabilities of blockchain technology. Ameren, presently offers its services to roughly 2.4 million nnd 900,000 consumers of electricity and gas respectively.

The company plans to study blockchain as one of several choices in its renewable energy effort. At the end of May 2018, Ameren, based on market cap, was ranked in the list of top 20 US gas and electric utilities companies. Blockchain is planned to be used in the company’s Transactive Energy Marketplace (TEM), which is a microgrid created using Opus One’s scientific know-how to enhance supply and demand ratios.

Regarding the advantage of identifying the worth of domestic distributed energy resources (DER), Ron Pate, senior vice president of operations and technical services at subsidiary Ameren Illinois, said

“Identifying the value local distributed energy resources (DER) can provide to our distribution system and the customers it serves, helps inform how and where customers should invest in clean renewable power.”

He further said

“Transactive energy markets will ensure that distributed energy resources are compensated appropriately, for the services that they provide.”

The proposals do not yet clearly explain how Ameren intends to leverage blockchain. Notably, energy providers across the globe are looking at blockchain to improve their operations.

Earlier in March, Japan’s Marubeni collaborated with a blockchain firm, LO3, to further automate and improve the efficiency of its renewable energy products. Earlier to that, Fujitsu revealed the positive results of a test involving blockchain and Eneres, a Japanese energy supplier.

Back in February, another program used IoT (Internet of Things) focused tangle technology based IOTA to create a Proof-of-Concept for a Netherland based energy grid that functions autonomously.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.