Silicon Valley Power in collaboration with Power Ledger and Clean Energy Blockchain Network launched proof-of-concept project that will streamline monitoring and earning of energy credits

Briefing

Silicon Valley Power in collaboration with Power Ledger and Clean Energy Blockchain Network launched proof-of-concept project that will streamline monitoring and earning of energy credits

June 26, 2018

Briefing

  • Monitoring EV Charging on Blockchain – Santa Clara, California municipal utility Silicon Valley Power, in partnership with blockhain technology providers Power Ledger and Clean Energy Blockchain Network, unveiled proof-of-concept project that can streamline process for monitoring and earning Low Carbon Fuel Standards credits
  • California’s Low Carbon Fuel Standards – Enables electric vehicle owners and charging network operators to earn carbon credits for using low-carbon or renewable energy, which they can sell to corporate entities that utilize fossil fuel sources
  • Proof-of-Concept – Aims to test use of blockchain technology in tracking renewable energy production and consumption for EV charging, as well as digitizing transactions that will simplify process for earning LCFS credits
  • Test Site – Located in a six story parking garage in Santa Clara, housing 48 Level 2 charging stations and one DC fast charger

Accelerator

Sector

Energy

Organization

Clean Energy Blockchain Network, Power Ledger, Silicon Valley Power

Source

Original Publication Date

June 19, 2018

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