Smart Energy & Utilities
Client
Enegan
Portfolio
Smart Energy & Utilities
Region
Florence, Italy
Overview
Together with Engineering, the Italian trading company created a system to support transactions of energy produced from renewable sources. Combining business and sustainability
Challenge
Provide 100% green energy for the benefit of the community and the environment
Solution
A blockchain-based banking system with a shared and immutable structure
Results
Manage energy transactions carried out in compliance with CO2 emissions
Renewable energy, a growing market
The sustainable innovation of Enegan
Maurizio Castagna, Enegan’s Research & Development Manager, explains: “We have chosen to use only green energy for a specific purpose: saving the planet”.
A challenge that the company decided to face by relying on new technologies. Together with Engineering, the trader launched an Energy Bank. Thanks to the use of Blockchain technology, the Energy Bank platform enables those who produce solar energy (private or company) to manage both the production and the exchange phases in a safe and convenient way, making the place they live or work in more efficient, while respecting our ecosystem.
Energy Bank
As Maurizio Castagna continues to explain: "We have created a new way of conceiving the electricity supply service: hence, our customers can consume energy through actions that bring benefits to the community and the environment”.
Thanks to this approach, Enegan can effectively account for the flows between those who produce and make available renewable energy and those who use it, by obtaining reliable information from the nodes that are part of the users' network and, at the same time, guaranteeing further payment-related services.
Results
Improved quality of available data
Precise forecasting of energy needs
Optimal use of energy
Project Value
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Cost cutting
Innovation
Visibility
Enabling Technologies
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Cloud
AI & Advanced Analytics
IoT
Blockchain
Project Team
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Engineering Energy & Utilities Business Unit Research & Innovation