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, TWL, Engie
- Nuclear: TEPCO
- 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]
Upon the launch of Energy Web, Shell Oil's blockchain tech lead told Forbes: "As one of the first affiliates of EWF, of course we are delighted that the chain is live. It’s a huge accomplishment which we are proud to be part of. "[3]
On the blockchain section of Shell's website, the company proudly advertises that it's "a founding member of Energy Web," and was responsible, along with Energy Web, for completing its "proof of concept of a blockchain solutions to support... the movement towards 24/7 green energy."[4]
2018 Test
In 2018, Microsoft (another Shell Oil business partner) and several other companies test the first version of Energy Web's first blockchain app, EW Origin.[5]
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."[6]
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.[7]
UN Expert Group
In September of 2022, a Director of Energy Web along with the Co-Founder of The Energy Origin[8] 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"[9]
Sources
- ↑ https://www.energyweb.org/why-we-exist/
- ↑ https://www.kraken.com/learn/what-is-energy-web-token-ewt
- ↑ https://www.forbes.com/sites/benjaminpirus/2019/07/16/shell-sees-importance-in-blockchain-plans-to-harness-ewf-public-chain/?sh=7d2a97b124d0
- ↑ https://www.shell.com/energy-and-innovation/digitalisation/digital-technologies/blockchain.html
- ↑ https://medium.com/energy-web-insights/engie-microsoft-sp-group-dbs-bank-twl-e-on-444145d44af4
- ↑ https://www.kraken.com/learn/what-is-energy-web-token-ewt
- ↑ https://www.kraken.com/learn/what-is-energy-web-token-ewt
- ↑ https://gems.engie.com/solutions-for-our-clients/green-energy-certification-transparency-blockchain/
- ↑ https://www.unescwa.org/sites/default/files/event/cover/flyer_for_website.jpg
