Google, Energinet, and Concordium teams up to transform Green Energy Tracking
In a groundbreaking collaboration, Concordium, Google, and Danish transmission system operator (TSO) Energinet are piloting an innovative project aimed at transforming the green energy landscape. Central to this initiative will be Energinet’s Project Origin and the Energy Track & Trace platform, leveraging Concordium blockchain technology to ensure traceability, transparency, trust, and accountability in renewable energy consumption.
Energinet’s pilot signals a turning point for renewable energy and blockchain technology
The pilot phase of Energinet’s granular certificates on their Energy Track & Trace platform, set to begin testing in December this year, will demonstrate the feasibility of tracking energy on a time-based system.
This approach, which records every hour of electricity usage, will highlight the energy’s origin and confirm its compliance with green energy standards. The integration of Concordium blockchain will ensure that every transaction is recorded immutably, providing a secure and transparent foundation for this next-generation energy tracking system.
This milestone is the result of four years of dedicated collaboration on scalable blockchain solutions, involving some of the brightest minds in the energy and blockchain industries. The foundational technology for the open-source initiative Project Origin was developed through partnerships with key players such as Mjølner, the Elia Group and Alexandra Institute.
Concordium’s Role in Energy Certification
Concordium blockchain is bringing new levels of trust to the renewable energy sector by redefining and optimising how green energy certificates are managed. Its transparent, immutable ledger guarantees the credibility of energy origins, allowing both businesses and consumers to track power sources — whether solar, wind, or fossil fuels — down to the hour.
For energy-intensive companies like Google, this represents more than just a step toward sustainability; it’s about achieving complete trust and transparency. By showcasing and proving how much of their consumed energy comes from renewable sources, companies can meet increasingly stringent regulatory requirements and reinforce their commitment to a sustainable future.
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A Legislative Push and the Road Ahead
Energinet’s blockchain-based system, powered by Concordium, is not only about tracking energy but also about transforming the energy market. By May 2025, Energinet expects to comply with the updated EU Renewable Energy Directive (REDIII), which will soon be incorporated into Danish law. This regulatory push is expected to unlock a host of benefits:
- Granular energy tracking: Each hour of energy use is documented as a transaction on Concordium blockchain, ensuring precise records.
- Trust in green claims: Consumers and businesses alike can confidently verify and provide proof regarding the sources of their energy.
- New investment opportunities: Increased transparency is likely to reshape investment strategies in renewable energy and energy storage.
Scaling Transactions on Concordium Blockchain
One of the most exciting prospects of this pilot is the volume of transactions it could generate on the Concordium blockchain. With every hour of electricity representing a unique transaction, the potential for activity is enormous. This granularity not only enhances trust but also sets the stage for more accountability and innovation in the energy market.
A Green Future Powered by Blockchain
The partnership showcases the immense potential of blockchain technology in addressing real-world challenges. Concordium’s role as the official blockchain partner on the Energy Track & Trace platform is a testament to the trust and confidence in its technology.
As the pilot progresses, it represents not just a breakthrough in green energy tracking and environmental sustainability but also a major step forward in creating a trustful and transparent future.