With around 11 renewable gigawatts (GW) in operation and the aim of reaching 20 GW by 2025, ACCIONA Energía has a unique company profile with more than 30 years’ experience in the sector and a presence throughout the value chain. Since 2015, it has headed the ‘greenest utilities in the world’ ranking published by Energy Intelligence (Energy Intelligence New Energy Green Utilities).
Energy off-takers, with which ACCIONA Energy had signed a PPA, were asking for a way to demonstrate that their energy consumption is truly green.
FlexiDAO proposed a solution based on blockchain to improve ACCIONA's processes. The concepts of immutability, auditability, and trust inherent in blockchain technology sparked the interest of ACCIONA. Five wind-power and hydropower facilities in Spain for four corporate clients in Portugal are being tracked.
FlexiDAO’s solution provides ACCIONA Energy with the opportunity to differentiate from its competitors. From the innovation phase to the business implementation, ACCIONA has managed to improve key customer metrics thanks to FlexiDAO by positioning themselves as true Corporate Social Responsibility partners. Our customers value the platform as a marketing tool and for its transparent data on their energy sourcing.
ACCIONA Energy is a major renewable energy developer worldwide. Several Portugal-based corporate energy off-takers with which ACCIONA Energy had signed a PPA were asking for a way to demonstrate that their energy consumption is green.
In 2018, at the second edition of ACCIONA'S I'MOTIVATION startup accelerator program, FlexiDAO, a cleantech startup, proposed a solution for tracing the origin of energy based on blockchain.
FlexiDAO's solution was adopted, and an intense development program took place in the following months, after encouraging initial results. GREENCHAIN, as the solution was branded, is evolving towards a one-stop for corporate energy consumers who wish to keep track of their green energy use.
Think of sustainability as a win-win game. While this may be true for sustainability in general, it is even more true for energy. Consumers and suppliers are together in this, sharing responsibility for making energy cleaner. ACCIONA's GREENCHAIN demonstrates how sourcing energy from the grid does not necessarily imply the impossibility of identifying its origin.
Blockchain hype is over, now real use cases prevail. Energy trading used to be (and still is) the hope of blockchain believers. However, GREENCHAIN demonstrates why it is important to look elsewhere for potential applications of this technology in the energy sector. Tracking renewable energy in a granular way and providing transparency thanks to blockchain's characteristics are the main motivations behind using it for certificates of origin.
Startups enable discrete leaps in innovation. It all started with the selection of FlexiDAO among the eight startups to participate in the second edition of its annual acceleration program, in 2018. Two years later, GREENCHAIN was listed among the most influential and disruptive initiatives in the energy sector by the World Economic Forum. Complex organizations need the innovative spirit startups bring about and utilities are no exception to this rule.
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The Total Energies and FlexiDAO partnership has been a huge success. Since 2019, total's customers have benefited from new services. The company is using pioneering practices while also increasing customer value by providing cutting edge energy solutions to this rapidly evolving industry.