Renewable energy is a term that represents all the energies that come from nature, such as solar, hydro, wind…

Many countries and companies see renewable energies as the future due to the lack of costs in addition to being environmentally friendly.

Unibright, through its blockchain solutions and in partnership with the startup Wasserkraft Mittelrhein, will introduce a range of decentralized technologies to the energy sector in Germany.

Unibright and Wasserkraft Mittelrhein will jointly create the Unibright framework for renewable energy generated by hydroelectric power plants.

The new partnership will lead to a framework for smart, renewable energy trade powered by a blockchain network for measurement, management, generation and transactions.

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The proposed decentralized renewable energy trade framework will bring together small-scale energy producers and consumers using the blockchain.

Earlier, it was Procedure Workshops on Unibright’s proposed framework for dealing with renewable energy management, energy metrics and monitoring.

Smart meters with knots and a smart grid will make significant improvements to the way future homes use electric power.

The project will also pave the way for further developments in the renewable energy and blockchain sector.

The use of blockchain in the field of renewable energy:

Wasserkraft Mittelrhein is working on a pioneering concept of power generation using giant hydroelectric buoys.

Dubbed the “Stromboji Project”, it includes seven-ton “electric buoys” that harness energy from river currents.

About 6.4 million kilowatt-hours of electricity can be generated each year using 16 such buoys.

Roughly, 100 homes will have electricity all year round.

Unlike wind turbines and solar panel plants, buoys can provide stable performance throughout the year.

Unibright has been commissioned to create a framework solution for blockchain renewable energy trading for this project.

The network’s “Unibright” framework will contain smart contracts.

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Intelligent dashboards will help the crew to better manage internal transactions in the proposed framework.

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The data collected from the project will also help in studying the environmental impact of the project.

The deadline to deliver the project is early 2021, according to which German nuclear and coal power plants will be cancelled.

As the country looks towards renewable energy sources.

The German government is working on a long-term plan for renewable energy, aiming to completely eliminate nuclear power in the next two years.

This will give an impetus to owners of renewable energy to emerge and work more.

For your information, the Gulf Foundation Board is also working on a renewable energy solution based on a blockchain.

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