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

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!  

Read More

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

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.

Read More

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

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? 

Read More

The German energy sector in 2016 – Competition gains, but digitalization…

How did the German electricity sector develop in 2016? This question is answered by the annual monitoring report by the Federal Network Agency in Germany (BNetzA). In this post we summarize the key findings of this report: Competition in generation and retail still on the rise, gas power plants the big winner 2016, renewable capacity increased, but production remained stable and wholesale prices dropped again. 

Read More