ZOME and WEC to Develop Blockchain Transactive Energy Platform for Global Energy Market
Date postedFebruary 25, 2019
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ZOME and WEC to Develop Blockchain Transactive Energy Platform for Global Energy Market
GBA member ZOME Energy Networks , a leader in residential and commercial grid-orchestration solutions, and the World Energy Consortium (WEC), announced an agreement to develop a blockchain transactive-energy protocol, platform, and ecosystem. “Integrating real-time grid orchestration with wholesale energy pricing is pivotal to the success of transactive energy,” said Dr. Alex Papalexopoulos, Chairman & CEO, ZOME. “With ZOME’s expertise in energy-management control, and WEC’s blockchain technology and token economy, we are well-positioned to be first-to-market with a real-world transactive-energy platform.” ZOME and WEC will launch a pilot program by end-of-year with market availability scheduled for 2020.