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Press Release22 October 2020Siemens and AÜWZug/Kempten
Electricity trading based on blockchain launches in German municipality
As part of the pebbles research project,
Siemens, the regional utility Allgäuer Überlandwerk (AÜW) and their project
partners are developing a local electricity market using blockchain technology.
Today, the parties launched pebbles’ electricity trading platform, bringing
them one step closer to creating the first local marketplace for optimized
electricity trading based on blockchain. The platform will be utilized in in
the town of Wildpoldsried in the Bavarian Allgäu region of Germany. Now, during
the platform’s demonstration phase, private producers can use an app to market
their electricity directly to local consumers without going through marketers
or traditional grid operators. The market platform also supports flexible power
from battery storage or controllable loads such as heat pumps or charging
stations for electric vehicles. The blockchain technology, which forms the
basis for managing market transactions, is designed to create end-to-end
transparency and trust between users.
As part of the pebbles research project,
Siemens, the regional utility Allgäuer Überlandwerk (AÜW) and their project
partners are developing a local electricity market using blockchain technology.
Today, the parties launched pebbles’ electricity trading platform, bringing
them one step closer to creating the first local marketplace for optimized
electricity trading based on blockchain. The platform will be utilized in in
the town of Wildpoldsried in the Bavarian Allgäu region of Germany. Now, during
the platform’s demonstration phase, private producers can use an app to market
their electricity directly to local consumers without going through marketers
or traditional grid operators. The market platform also supports flexible power
from battery storage or controllable loads such as heat pumps or charging
stations for electric vehicles. The blockchain technology, which forms the
basis for managing market transactions, is designed to create end-to-end
transparency and trust between users.
Siemens and the Allgäuer Überlandwerk, together with their project
partners, are developing a local electricity market using block chain
technology as part of the pebbles research project. The picture shows the Energiecampus on site.
Siemens Smart Infrastructure (SI) is shaping the market for intelligent, adaptive infrastructure for today and the future. It addresses the pressing challenges of urbanization and climate change by connecting energy systems, buildings and industries. SI provides customers with a comprehensive end-to-end portfolio from a single source – with products, systems, solutions and services from the point of power generation all the way to consumption. With an increasingly digitalized ecosystem, it helps customers thrive and communities progress while contributing toward protecting the planet. SI creates environments that care. Siemens Smart Infrastructure has its global headquarters in Zug, Switzerland, and has around 72,000 employees worldwide.
Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 170 years. Active around the world, the company focuses on intelligent infrastructure for buildings and distributed energy systems and on automation and digitalization in the process and manufacturing industries. Siemens brings together the digital and physical worlds to benefit customers and society. Through Mobility, a leading supplier of intelligent mobility solutions for rail and road transport, Siemens is helping to shape the world market for passenger and freight services. Via its majority stake in the publicly listed company Siemens Healthineers, Siemens is also a world-leading supplier of medical technology and digital health services. In addition, Siemens holds a minority stake in Siemens Energy, a global leader in the transmission and generation of electrical power that has been listed on the stock exchange since September 28, 2020.
In fiscal 2019, which ended on September 30, 2019, the Siemens Group generated revenue of €58.5 billion and net income of €5.6 billion. As of September 30, 2019, the company had around 295,000 employees worldwide on the basis of continuing operations. Further information is available on the Internet at
www.siemens.com.
