Why Every Company Should Trace the Source of its Energy

The Green Deal

The European Green Deal vows to make Europe climate neutral by 2050, which means achieving net-zero carbon emissions. It aims to do this by cutting emissions, restoring biodiversity, and focussing on a cleaner, circular economy.

However, the current set of Green Deal policies makes reaching these targets highly unlikely. In order to be on track to being climate neutral, there needs to be a far greater focus on promoting the use of green energy.

The importance of using green energy

Green energy is any form of energy that is generated from natural resources, without harming the environment. This type of energy can come from sunlight, wind, or water, and therefore it emits no greenhouse gases into the atmosphere, which are the leading cause of climate change. These natural resources are also renewable, so they not only have little to no environmental impact but can also be used repetitively without depleting the Earth’s resources.

The last decade has seen a significant increase in the use of renewable energy sources, and it has been one of the most pivotal moves towards tackling emissions. Not only on an industrial size scale, but businesses of all sizes are now realizing the importance of harnessing the power of green energy.

Energy transformation to a cleaner, more sustainable energy source is vital in order to come close to meeting the Green Deal’s targets. Using green energy is one of the key ways to reduce the impact of climate change on the environment, by preserving natural resources and reducing harmful emissions.

The benefits of tracing and certifying green energy

Once a business is using green energy it is highly valuable and necessary to trace and certify the procurement of energy from green power sources, in order to fully achieve its decarbonization goals.

Due to consumers’ significant and increasing awareness over the use of green energy, there is a high demand for businesses to be transparent about their energy usage. Authorities are also actively pushing for an increase in energy transformation and certification.

Consistent and reliable tracing allows a business to easily monitor its clean energy use and maintain a stable assurance of its origin as a renewable source. Certifying its source as green energy provides transparency and reassurance to the business itself, as well as to its clientele; establishing trust is vital for any business that claims to use green energy, in an effort to demonstrate its commitment to supporting renewable energy growth.

Blockchain technology

Blockchain technology, a type of DLT (distributed ledger technology), is a record of transactions that form a block or a group, which are then chained together and easily shared among all related parties. This type of technology has a distributed ledger which makes it impossible to violate, guaranteeing that all data involved is immutable.

Blockchain technology is a key tool in the green energy market as it assures the transparency of energy usage and sourcing through the permanent recording of data. It can be used to trace the source of energy consumption and make transactions secure and traceable.

The high degree of traceability and transparency that blockchain provides makes green energy certification processes straightforward and quick, and the supply of green energy more efficient. This encourages the production and consumption of renewable energy, ultimately speeding up the efforts to fight climate change.

Prosume’s energy source tracing service

Thanks to digitization, both the internal and external energy supply sources of any industrial building can be monitored in real-time and managed remotely and automatically. This is invaluable to the increasingly complex energy systems which are now used.

Prosume’s energy tracing technology uses blockchain and DLT solutions, which guarantee reliability and grant access only to the stakeholders that are involved. The service certifies that the procurement of energy comes from a green power source, providing transparency as a green energy consumer. The system monitors renewable power plants’ activity, generating “green tokens” that uniquely match the energy consumed. Businesses can achieve their decarbonization goals by using this technology to assure that their energy usage is fairly and consistently traced and recorded.

Prosume’s platform allows businesses to certify the green energy origin of their supply sources, forming environmental sustainability reports, and reporting the data in official financial statements. The platform legitimizes the accuracy and immutability of energy consumption data from all sources, while its easy-to-use interface encourages more sustainable habits and generates energy consumption savings.

Prosume’s platform can be tailored to each user’s needs, depending on their individual energy consumption needs and goals. The platform consistently provides transparency and trustworthiness, supporting all its users in their energy transformation journey.

Making the transformation towards green energy is essential for all industries and across all levels to significantly reduce their carbon emissions and move towards a more sustainable future. Once this has been implemented, green energy habits need to be recorded and certified efficiently. Without this, businesses are at risk of providing inaccurate and untrustworthy data that can not only greatly affect their reputations, but lead to serious repercussions.

Joining Prosume means joining a community that is intent on achieving climate neutrality as soon as possible. Prosume fosters the use of renewable sources and supports and promotes the move to a greener future for everyone.

Prosume named as one of the best Italy based software companies by Best Startup

101 startups and companies were selected for exceptional performance in one of these categories: Innovation, Growth, Societal impact, Management. Prosume is one of these.

Milan, june 2021 – Best Startup published the list of top picks for the best Italy based Software companies. These startups and companies are taking a variety of approaches to innovating the Software industry, but are all exceptional companies well worth a follow.

Prosume has been positioned among these cutting edge companies and it is an honour to see our hard work, commitment and enthusiasm recognised. 

Since the birth of the company, our mission has been to make the energy market decentralized and sustainable, providing an interoperable digital layer that connects final users with energy service providers. Day after day, month after month, year after year we have seen our aspirations take shape and be acknowledged as a priority in today’s society. 

The advantages of decentralising the energy system are clear: a reduction in transmission losses,  a higher security of supply, and a more renewable generation mix. 

Besides this, we believe that distributed models will have a great impact on society as we know it now, raising awareness about energy usage, environment, data protection and transparency. 

We are firmly committed to defining new rules for the community we live in, based on the principles of transparency, sustainability, independence and efficiency. At Prosume we believe that protecting the environment and social rights are fundamental steps to build the  future of the world we all share.

Decentralized, decarbonized, digitized policies are the only possible future for sustainable energy matrices.

Prosume awarded the “Blockchains for Social Good Prize” from the European Commission

We are honoured to announce that Prosume has been awarded the ‘Blockchains for Social Good Prize” from the European Commission! Our open source and interoperable blockchain solution for sustainable and decentralised energy production and consumption has been selected among almost 200 applications coming from 43 countries worldwide.

 

The European Innovation Council (EIC) Prize has awarded €5 million to six winners selected in a call to identify scalable, deployable and high-impact blockchain solutions for societal challenges. The winning solutions propose blockchain applications for fair trade and circular economy, increasing transparency in production processes and quality information, improving accountability and contributing to financial inclusion and renewable energy.

I warmly congratulate all the winners. The proposed solutions show how blockchain can create positive social change by supporting fair trade, increasing transparency in production processes and e-commerce and contributing to financial inclusion by exploring decentralised economic structures. I hope that this award can help upscale these outstanding ideas and inspire many others innovators. (Mariya Gabriel, Commissioner for Innovation Research, Culture, Education and Youth)

This is an important victory for us and the whole renewable energy community: energy was not foreseen in the official prize categories, and we won ex aequo with another company. The energy transition is one of the biggest structural challenges humanity is facing today: our vision is that in the current climate crisis renewables need to be considered a common good (instead of a mere commodity) and that decentralising their production and distribution is crucial to avoid the appropriation of this common good by energy monopolies, which can easily create an artificial scarcity with strong repercussions on social and economic inequalities.

 

In a world that is increasingly digital – thus dramatically energy-dependent at household level as well as at industrial one, the energy sector transition should be a worldwide priority. Imagine a renewables-based economy, where both the energy and the infrastructure distributing it are considered common goods, just like the streets we walk in. Where privacy, data protection and information security are the backbones of decentralized energy platforms and infrastructures. Where citizens are empowered to make sustainable choices and own their local energy production. This is the world we are building at Prosume. (Alex D’Elia, Founder and President of Prosume)

 

Due to the magnitude of the material infrastructure needed to run energy production and distribution, decentralisation alone in the energy sector does not guarantee that at the level of governance there will be a shift of power from big players to citizens: indeed, most blockchain projects in the energy market limit themselves to localised tokenisation of energy led by monopolies. Instead, PROSUME addresses the problem of social justice in the energy market by allowing the equal participation of prosumers to energy production and balancing. The centrality of prosumers implies increasing the amount of renewables in circulation, reducing the monopoly of traditional energy players, optimising energy consumption and production, as well as rewarding citizens who produce and consume responsibly. In a word, a true decentralisation.

The Internet of Things, backbone of a new digital third industrial revolution economic model

We are on the cusp of a Third Industrial Revolution based on a new digital technology. The digitized broadband Communication Internet is converging with a digitized Renewable energy Internet, powered by solar and wind electricity, and a digitized Mobility and Logistics Internet of autonomous electric and fuel-cell vehicles, powered by green energy, atop an Internet of Things (IoT) platform, embedded in a zero-emission commercial, residential, and industrial building stock to manage, power, and move society in the twenty-first century.

Read more

Prosume Solutions is now partner of Secartys and of its technological clusters

Prosume, a leading company in the development of blockchain solutions applied to the energy sector, is consolidating its presence on the Spanish market thanks to a series of strategic initiatives useful to support and boost the promotion of its services of Energy Data Management.

Read more

Financing the Third Industrial Revolution

The financing of the transition to a new third industrial revolution business model

The governance of a Third Industrial Revolution will need to rely on a new green banking system that can provide funds to regional and municipal green banks that, in turn, can leverage those funds in securing sufficient financing via the issuing of green bonds to invest in scaled green Third Industrial Revolution infrastructure build-outs.

Read more

A global green new deal

A global green new deal to save the world economy

The UN Intergovernmental Panel on Climate Change 2018 report concluded that we only have twelve years left to avoid the environmental catastrophe cutting emission of global warming gases 45% from 2010 levels.

Read more

The Energy Storage system backed by Vargarda

The energy-storage system backed by Vårgårda (Sweden)

A fundamental part of the Third Industrial Revolution focuses on the ability of transforming all buildings into micro-power plants to collect renewable energies on-site and, wherever the source is unreliable, use hydrogen or similar storage technologies to store them.

Read more

Blockchain finally enters the household in an unprecedented energy partnership

From the people behind Prosume comes the all new e-Prosume, a project that will oversee the integration of blockchain into the home through Evolvere’s patented EUGENIO hardware. The significance is global, considering Evolvere’s status as one of the biggest energy aggregators in Italy and in Europe. The partnership aims at building a digital infrastructure for the revolutionary smart grid of the future.

Read more