Port of Rotterdam gets help in energy transition
The pilot of the first high-frequency decentralised energy trading platform was successfully launched at the Port of Rotterdam.
Image for illustration purposes
The Netherlands, Rotterdam: The pilot of the first high-frequency decentralised energy trading platform was successfully launched at the Port of Rotterdam.
The project was jointly developed by S&P Global Platts and BlockLab, Distro is a new microgrid electricity trading platform, leveraging AI and Blockchain’s distributed ledger technology.
The ongoing trial commenced in August 2020, and the commercial energy consumers in the Port of Rotterdam’s renowned innovation dock used the Distro microgrid trading platform to trade renewable energy from solar plants and battery storage.
“The successful completion of our trial of the Distro new microgrid trading platform is a win-win in encouraging fair and transparent prices as well as cost efficient consumption of renewable energy for our tenants. Balancing local electricity needs with local generation holds the key to unlocking significant grid infrastructure savings. We are excited about the prospects of scaling this solution and the meaningful contribution it can make towards helping The Port of Rotterdam become carbon neutral by 2050,” said Nico van Dooren, Director New Business Development & Portfolio, Port of Rotterdam.
Source AP News
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