Energy Web
Founding Companies
In 2017, Energy Web officially launched with 10 founding companies in the energy sector, primarily fossil fuels (especially fossil gas).[1]:
- Fossil Fuels: Shell Oil, Sempra, Equinor, Centrica, TWL, Singapore Power, Elia Group
- Nuclear: TEPCO
- Hybrid: TWL, Engie
- Grid: Stedin
Energy Web Chain
According to Kraken, The Energy Web Foundation has conducted several rounds of funding over two years, raising approximately $20 million and selling 21 million Energy Web Token, EWT coins. The EWF officially launched its Energy Web Chain in 2019.[2]
EW-DOS
Central to running the EW Chain is the Energy Web Decentralized Operating System (EW-DOS), a stack of technologies designed to "connect participants within the energy market to increase grid flexibility."[3]
Energy Web Token
Key to the network’s operation is the Energy Web Token (EWT), which is used to compensate key network operators and allows those who hold it to pay for decentralized application services built on the platform.Cite error: Closing </ref> missing for <ref> tag by Energy Web founding member Engie took part in a virtual UN Expert Group Meeting convened to discuss "The Role of Blockchain in the Arab Sustainable Energy Transition"[4]
