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PJM, Energy Web to Test Blockchain for Renewable Energy Market

PJM Interconnection, a US regional transmission organization (RTO), is collaborating with blockchain-focused enterprise Energy Web Foundation to create a digital ledger technology (DLT) solution to track wind and solar power as it moves throughout its entire supply chain.

PJM and Energy Web will start a blockchain trial by the end of next year’s first quarter. The technology will be tested for a trading system that matches energy buyers and sellers within PJM’s market, currently the largest one in the US. Specifically, PJM will experiment with blockchain application Energy Web Origin, which enables people to trade the wind and solar ren…

This article appeared first on Cryptovest

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