• Wed, 20 Mar 2019, 03:03 PM
  • All times are UTC
  • Edition:
Link copied

Dutch firm ElaadNL taps IOTA technology for autonomous smart grid PoC


Fri, 15 Feb 2019, 10:53 am UTC

Dutch tech firm ElaadNL has announced that it is using IOTA technology for a proof-of-concept (PoC) to demonstrate “how smart grids can autonomously balance energy consumption.”

The PoC has been created at the ElaadNL test lab in Arnhem in collaboration with grid operator Enexis. The smart grid for electric vehicles will share data via IOTA Tangle, an open-source, permissionless DLT, and let the charging devices autonomously decide if they want to help balance grid load or not, without any human interaction. IOTA tokens serve as an incentive.

According to the official release, charging stations earn a small fee in IOTA tokens by charging electric vehicles at a slower speed or at an off-peak time.

“The grid in this PoC will connect all devices to a particular area of the grid, along with the transformer supplying energy,” it said. “If one or more devices lowers its energy usage, they receive a few tokens of the IOTA cryptocurrency. As a result, a self-balancing grid of smart devices communicating with each other outside of human interaction is created.”

Harm van den Brink, DLT expert at ElaadNL and Enexis, explained that the PoC demonstrates “a possible future electricity system,” which would allow sharing electricity and would be able to balance itself.

“We are demanding more energy at peak times, and when the sun is shining we will have a surplus of energy. This all should be dealt with in real time. Our solution is a first step in to that direction. We showed with our proof of concept that this can be done, although future development is required to actually put this in the grid,” he added.

Recently, Denmark’s state-owned energy company Energinet signed a Memorandum of Understanding (MOU) with the IOTA Foundation to trial the IOTA Tangle technology in the internet-of-things (IoT) and energy market domains.

<Copyright © TokenPost. All Rights Reserved. >

The commenting service is available only after having logged in.
  • Bitcoin (BTC) $4,047.79 (-0.23%)
  • Ethereum (ETH) $139.27 (-0.65%)
  • XRP (XRP) $0.319400 (+0.29%)
  • Litecoin (LTC) $60.36 (-0.36%)
  • EOS (EOS) $3.73 (-1.16%)
  • Bitcoin (BTC) $4,047.79 (-0.23%)
Mar 20, 2019 (Wednesday)
Wirex launches crypto-friendly business accounts
Ground X to launch public testnet of blockchain platform 'Klaytn’ on March 29
Seoul Medical Center, Korean Ministry of Science and ICT collaborate on blockchain project
Kakao’s fintech arm Dunamu rolls out blockchain service platform ‘Luniverse’
Fortune 500 company Avnet starts accepting bitcoin via BitPay partnership
BitGo announces custody support for Blockchain Capital’s security token BCAP
Digital Asset co-founder Yuval Rooz takes the helm as CEO
Largest Swiss online retailer Digitec Galaxus starts accepting Bitcoin
Blockchain startup Bison Trails raises $5.25M in seed funding
Mar 19, 2019 (Tuesday)
Crypto wallet Ledger Nano S receives CSPN certification from French cybersecurity agency
CoinMarketCap adds Flipside’s Fundamental Crypto Asset Score to its platform
Crypto exchange Bithumb plans to lay off 50 pct of employees
Japan to implement new rules for cryptocurrency margin trading
U.S. National Pork Board partners with ripe.io to pilot blockchain technology
IBM seeks to transform cross-border payments with Blockchain World Wire
Sri Lanka-based Hatton National Bank partners with Infosys Finacle to pilot blockchain-based trade finance network
Blockchain information platform CoinNess closes Series A funding
Samsung SDS unveils ‘Deliver’ – a platform connecting different blockchain platforms
Mar 18, 2019 (Monday)
German crypto startup Donut secures $1.8M in seed round
Italian asset management firm AcomeA trials blockchain technology for distribution of funds
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.