- Energy Web, a leading ecosystem in renewable energy technology, is partnering with Polkadot, a top-tier blockchain network, to create Energy Web X, a revolutionary solution for accelerating decarbonization efforts of key industry players.
- Energy Web’s CEO, Jesse Morris, shares that this strategic alliance is committed to fostering clean energy and transparency in green product supply chains, while Polkadot offers security and scalability, vital elements for the blockchain-based solution, Energy Web X.
A groundbreaking partnership between Energy Web, the globe’s largest ecosystem for open-source, decentralized energy transition technologies, and Polkadot, an avant-garde blockchain network, signals a game-changing turn for the renewable energy sector. This collaboration will give birth to a trailblazing technology, Energy Web X, empowering major players including Shell, Vodafone, Volkswagen, and RMI to speed up their strategies for decarbonization.
8/ By leveraging Polkadot's technology, Energy Web can push the boundaries of what's possible #OnlyOnPolkadot in the world of clean, decentralized energy. https://t.co/LRH7INzlbC
— Polkadot (@Polkadot) June 21, 2023
Energy Web, having partnered with numerous prominent energy companies and non-profit organizations across over 25 nations, concentrates its efforts on two main objectives. The first aim involves assisting electric utilities in the digital integration of distributed energy resources into the grid. Concurrently, they are committed to ensuring deep transparency and verifiability in emerging green product supply chains. This includes 24/7 renewable electricity, sustainable aviation fuel, and sustainably mined Bitcoin.
The CEO of Energy Web, Jesse Morris, communicated the vision behind this alliance:
“Energy Web, together with our global enterprise partners, is on a mission to integrate clean energy as a crucial and readily accessible aspect of the worldwide electricity system. We sought a blockchain platform that could provide robust enterprise-grade security and seamless upgradeability for a safe and future-proof environment. Polkadot stands out in these aspects with its shared security model and superior core technology. We are thrilled to pioneer the energy transition vertical on Polkadot.”
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Polkadot’s efficacy and security will form the foundation for Energy Web X. The platform will rely on decentralized worker node networks, each comprising a group of computers collectively executing business processes involving multiple companies.
Expressing his enthusiasm about the partnership, Björn Wagner, CEO of Parity Technologies, a major contributor to the Polkadot network, stated,
“The energy transition vertical is a prime scenario to leverage the benefits of blockchain technology, a field where Polkadot is geared to be a market frontrunner.”
With an upcoming bid for a parachain slot on Polkadot, Energy Web plans to create a vibrant ecosystem focused on global energy transition. More details about the forward-looking initiative, Energy Web X, will be announced at Polkadot Decoded, Polkadot’s flagship summit to be held in Copenhagen, late June.
This collaborative initiative follows several others involving big names across varied sectors such as music, gaming, and accounting, adding to the burgeoning Polkadot ecosystem. By the end of Q1, a total of 42 parachains, representing sectors from DeFi to sustainability and social media, have joined Polkadot, further emphasizing the importance and impact of this latest partnership.
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