Clean energy is facing severe hurdles to getting into the markets and revealing its full potential. Blockchain could be a solution for this by enabling people to tokenize an energy asset. This way, they will receive the production and the value that is created by the asset. However, if we want to start value transactions, we have to make sure that the datasets are coming from reliable sources...

Energy markets are becoming more decentralized. How can we realize democratized ownership of energy-generating assets and peer-to-peer exchanges? The Energy Token working group aims to answer this quetsion through collaboraiton with a coalition of industry partners.

Together with Michel Chatelin & Kai Siefert, David van Ineveld (host) discusses energy tokenization from a practical and legal perspective and answers questions such as:

• Do we need to adopt ways of standardization?
• How do we grow and foster this innovation of tokenization?
• How do we adapt the law to societal issues?

At the moment, the energy sector is heavily regulated and enjoys a certain lack of transparency. Furthermore, the new EU regulation states that prosumers (a consumer who also produces energy) are very important as a new way of producing and consuming energy.

The opportunities are endless with new technologies, such as distributed ledger technologies.

In the current metering & allocation setup, every commercial grid connection has a meter and associated allocation point. Balance responsible parties (BRPs) are responsible for maintaining supply and demand in the energy market within their portfolio. Together, all BRPs represent all connections within a scheduling area (for example, the Netherlands).

As the BRPs work on expected production, consumption, and external trade, differences between supply and demand may occur using reconciliation to correct the disparity. New technology, such as smart meters and DLTs, allows for real-time energy allocation based on energy consumption.

The Energy Token use case aims to develop the infrastructure that supports an energy token and embed this in the currently available infrastructure.

The continued progress of technology brings many opportunities to improve traditional industries and rethink current approaches. Innovations, such as blockchain and the internet, make energy systems more intelligent and better benefit consumers. This increasing digitalization can transform how people engage with these utilities by bringing control and transparency back to the end-user.

The persistent progress of technology brings many opportunities to improve traditional industries as current approaches need to be rethought. This can also be applied to the energy sector. New innovations, such as blockchain and the internet of things, make energy systems smarter and enable consumers to better benefit from energy services. This increaing digitization has the potential to transform how people engage with these utilities, by bringing control and transparency back to the end user.

Together with several parties, the working group of this use case aims to create an Energy Token