Blockchain energy platform supported by Siemens makes demonstration in Germany

The German state-owned energy project uses DLT to enable transparent transactions.

A block-chain-based energy trading platform supported by the German technology group Siemens was publicly demonstrated today in Bavaria.

The so-called „Pebbles“ project, which stands for „peer-to-peer energy trading based on block chains“, organised a virtual demonstration of its block chain marketplace platform for optimised electricity trading. The demonstration was officially announced by the project on 22 October.

The public demonstration of the Pebbles energy platform Bin Bot in the Bavarian village Wildpoldsried is an important milestone. The project was launched in March 2018.

The project is financed by the Federal Ministry of Economics and Energy and is a joint initiative of the Allgäuer Überlandwerk, the grid 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 create a platform that enables private energy producers to market their electricity directly to local consumers without middlemen or traditional network operators. The platform will also offer electric vehicles electricity from battery storage. The block chain has been implemented to ensure that all information on market transactions is unalterable and transparent.

Pebbles is not the only block chain energy project being developed in Germany. In February 2020 the BMWi published an analysis of the most important block chain implementations in energy trading. Four projects in this area were highlighted, namely BloGPV, SMECS, ETIBLOGG and Pebbles.

In October 2020 the German Energy Agency claimed that it wanted to outsource its energy ecosystem to a decentralised database.