Transitioning to green energy is one of today’s most urgent challenges. It not only involves heavy investments in renewable production volume, but also requires comprehensive system transformations. On a physical level there is the need for new carriers like hydrogen and biofuels, as well as for storage and flexibility capacities to cope with the volatility of wind and sun powered energy. The assets and economic entities involved range from large scale refineries and wind farms to household rooftops and electric car batteries.
These new assets and commodities need new infrastructures: physically (grids and pipelines), economically (market design and business models) and on a data level: highly granular, intelligent, and facilitating joint optimization without compromising user sovereignty.
The Port of Rotterdam is an ecosystem in itself, and is heavily investing in a comprehensive multi-commodity energy agenda that touches all these components, including the digital. As a microcosm of larger industrial environments, it serves as a fitting launchpad for novel public infrastructures and commercial smart energy services.
Blockchain technology plays an important role in this development, safeguarding new market designs by providing trustless and automated contract execution, serving as the bedrock from which these shared business models are built. Furthermore, using blockchain technology we can secure users’ data as well by providing solutions with data sovereignty at their core.
BlockLab, as the Port’s designated decentralized technology development unit, is perfectly positioned to offer these technologies via research and development relationships with a variety of partners including TU Delft, S&P Global Platts, ABN-AMRO, the Ministry of Economic Affairs, Ocean Protocol, Stedin, Blockbar, ENECO, CGI, Intrinsic ID and Clearwatts.