EnergyWeb Solutions

Energy Web operates as a global non-profit organization, founded in 2017, with a mission to accelerate the energy transition by developing and deploying open-source digital technologies. The organization was co-founded by the Rocky Mountain Institute (RMI), a prominent think tank in the energy sector, and Grid Singularity, a blockchain development company. This collaboration brought together RMI's deep industry knowledge with Grid Singularity's blockchain expertise to address the evolving needs of a decarbonized and decentralized energy grid.

The core of Energy Web's offering is the Energy Web Chain, which was launched in June 2019 as the world's first enterprise-grade public blockchain tailored for the energy sector. This open-source platform is designed to meet the regulatory, operational, and market requirements of the industry. It operates on a Proof-of-Authority consensus mechanism, with validator nodes run by major global energy companies, grid operators, and startups from over 15 countries. The platform is built to support the development of decentralized applications (dApps) that can be used by all actors in the energy market, from grid operators to software developers and vendors.

Energy Web's business model revolves around fostering a large ecosystem of energy companies, utilities, renewable energy developers, and corporate energy buyers. The organization provides the foundational digital infrastructure and tools to enable these participants to build and deploy their own solutions. In December 2019, the organization unveiled the Energy Web Decentralized Operating System (EW-DOS), a comprehensive technology stack. EW-DOS provides a digital infrastructure to connect customers, assets like solar panels and electric vehicles, and existing IT systems with energy markets. This system facilitates transactions and data exchange between billions of assets and participants, aiming to become a standard for digital infrastructure in the energy sector. Solutions built on the platform include marketplaces for renewable energy, tools for identity and access management, and platforms for managing grid flexibility.

The native utility token of the Energy Web Chain is the Energy Web Token (EWT), which is used to compensate network operators and for paying for services on the platform. The organization also offers a software-as-a-service (SaaS) platform that allows enterprise users to deploy and manage Energy Web's solutions via a subscription model. These solutions address various industry needs, including enabling secure data exchange to enhance grid reliability and providing transparent tracing for sustainable aviation fuel and maritime decarbonization. Energy Web's technology is actively powering decarbonization solutions in numerous countries worldwide.

Keywords: energy transition, blockchain technology, decentralized applications, open-source platform, energy sector, grid modernization, renewable energy, decentralized operating system, energy web chain, proof-of-authority, utility token, sustainable aviation fuel, grid flexibility, decarbonization solutions, smart grid, distributed energy resources, energy markets, digital identity, data exchange, validator nodes