Digitalisation
Blockchain is a secure database shared across a network of participants. It allows for the permanent, immutable, and transparent recording of data and transactions. The basic idea behind blockchain is pretty simple, and it has major potential to change industries from the bottom up. Following the recent developments ranging from the collapse of FTX, the free fall of crypto currencies and NFT markets, it is likely meaningful to take a step back and remind ourselves what blockchain really is, how it works, how value adding business applications could look like but also where the risks and challenges are. This McKinsey article is a good starting point. At EEIP we will further elaborate on the various application opportunities in the area of the energy transition, from 24/7 green electricity certificates of origin to energy communities or driverless cars.
Read Full articleCreating a long-lasting platform to map the future of energy
The EMB3Rs platform is set to help companies cost-effectively convert waste heat to a valuable revenue stream. It maps the supply and demand of thermal energy from potential stakeholders and shows how excess heat and cold can be re-used.
Read Full articleHow IIoT is revolutionizing the manufacturing and automation sectors
The Industrial Internet of Things (IIoT) is revolutionizing the manufacturing and automation sectors. In addition to bringing more efficiency and capacity to automated systems, the IIoT is also paving the way for new concepts and business models.
Read Full articleAustralian startup develops AI model to forecast solar ouput based on satellite data
Solar eclipsing coal is the lead source of electricity generation in Australia. The question of how to manage this powerful but unpredictable fleet is already a pressing issue. Solstice AI has developed an AI model that can find all the solar on the rooftops providing regional and individual one hour forecasts.
Read Full articleThe Alliance4ECEI hosts the Digital tools as enablers of more efficient energy consumption in industrial waste heat/cold recovery webinar, as part of the Sustainable Energy Days
The Alliance for Energy Cooperation in European Industries (Alliance4ECEI) will hold the online session Digital tools as enablers of more efficient energy consumption in industrial waste heat/cold recovery as part of the activities of the Sustainable Energy Days in September 15 from 10:30 until 12:00 CEST.
Read Full articleEnergy management system build on blockchain technology
Oman Al Shawamikh Oil Services Company will cooperate with Frontech. Frontech launched the National Blockchain Platform to accelerate the digital innovation efforts in the Sultanate of Oman. Blockchain will be used to represent the production units in the sustainable energy network, as well as track and manage these units.
Read Full articleCrypto and climate change: can web3 help cleaning up carbon markets?
Does web3 offers an opportunity to re-start carbon markets? Last year, Greenland Gas and Oil energy company agreed to not extract oil from an area on the east coast that it had exploration licences for. Instead it would monetise keeping the oil in the ground via a partnership with the tech company, Carbonbase.
Read Full articleIs Blockchain the solution for Carbon Tracing, Sustainable Supply Chains and Circular Economy?
Blockchain is a distributed network which means everyone in the value chain with access rights can access the information saved in the chain. There are various Blockchain startups developing multiple technical platforms. EEIP is mainly interested in the impact blockchain technology can have in accelerating the energy transition.
Read Full articleRecovering waste heat for a greener Portugal
European project EMB3Rs is finding new ways to recycle industrial waste heat. The project aims to raise energy efficiency, cut carbon emissions and end fuel poverty. Currently, the only large-scale District Heat Cold (DHC) network in Portugal is operated by Climaespaço.
Read Full articleIndustrial energy efficiency opportunities through advanced digital technologies
Nearly 63% of lost energy created for electricity, transportation, industrial, commercial and residential markets. Industrial companies can reduce site energy usage 5% to 15% by using energy management technologies. Smart sensors provide real-time visibility into energy performance so operators can take corrective action.
Read Full article