Blockchain in the energy sector is moving forward - Key takeaways from the EventHorizon 2018

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The EventHorizon 2018 was a spectacular show but at the same time a worthwhile information session on the status quo of blockchain applications for the energy sector. Although there are no solutions market-ready yet, the different initiatives have taken first crucial steps to come closer to real applications. Especially the pitches from more than 40 startups provided some nice examples of what could become possible with the Energy Web Chain. The EWF itself provided first examples of dApps (like Origin and D3A) for the energy sector. The progress that the ecosystem of blockchain in the energy sector has made within the last 12 months is remarkable and makes us confident that we will see more applications than concepts at the next EventHorizon 2019!  

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German Electricity Market in 2017 – records for battery storage and redispatch

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TenneT published its market report for Germany and the Netherlands and provides some very interesting insights:  While wholesale prices increased, power plant operators were facing decreasing revenues close or below zero. The first tenders for renewable generation reached low subsidy-levels below 7€cent/kWh and the market utility-scale battery storage seemed to take-off, but remains a rather small market for now. Redispatch in Germany reached a new record, which lead to costs of more than 1 billion for TenneT alone.

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Shaking up the German Energy market – the Eon and RWE deal

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On 12th March 2018 E.on and RWE made public that they will exchange resources to form two more focused companies. E.on will sell its renewable generation business to RWE and will in exchange receive the network and retail business from Innogy, a subsidiary of RWE. Thereby, E.on will become the dominant player in network and retail business in Germany, while RWE will be the largest German generation company. What does this mean for the energy transition and innovation related to distributed energy systems? 

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Looking ahead – Where are we going with this blog?

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The beginning of enerquire. We are very excited to be online and look forward to an interesting discussion with you. Our first post sets the scene for the contents that will follow within the next weeks. We introduce the general perspective of this blog and the questions that we want to address. 

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