"From the innovation phase to the business implementation, ACCIONA has managed to improve key customer metrics thanks to FlexiDAO by positioning ourselves as a true Corporate Social Responsibility Partners"
Marina Gonzales, Energy Management Department
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. Aside from the fundamental difficulty of distinguishing clean from non-clean energy coming from the grid, Acciona was faced with the additional challenge of proving the renewable origin of the energy consumed by its clients.
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. Their customers value the platform as a marketing tool and for its transparent data on their energy sourcing.
The Story
ACCIONA Energy is a major renewable energy developer worldwide. With energy traceability rising on the agenda, several 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, FlexiDAO proposed a blockchain-based software solution for tracing the origin of energy at ACCIONA'S I'MOTIVATION startup accelerator program. The software was able to match, on an hourly basis, the energy consumption with the energy generation. The solution sparked the interest of Acciona due to the concepts of immutability, auditability, and trust inherent in blockchain technology.
Out of hundreds of applicants worldwide, FlexiDAO's solution was adopted, and an intense development program took place after encouraging initial results. The solution was branded GREENCHAIN. It is evolving towards a one-stop for corporate energy consumers who wish to keep track of their green energy use.
Key Takeaways
A win for all energy stakeholders. Energy consumers and suppliers are increasingly pushing for a more sustainable way of doing business. A fundamental part of this mission relies on the creation of a cleaner power grid. For all energy stakeholders, clean energy presents a win-win. The ACCIONA GREENCHAIN project demonstrates how identifying the origin of energy from the grid is possible. This is made possible by FlexiDAO’s cutting-edge software solutions.
Blockchain use cases prevail. GREENCHAIN demonstrates a new application of blockchain in the energy sector. Tracking renewable energy on an hourly or sub-hourly basis provides utmost transparency thanks to blockchain's characteristics. Along with the increase in transparency regarding their certificates of origin, Acciona can report their projects’ carbon emissions to their stakeholders with the highest form of credibility possible.
Innovative digital solutions are key. Our energy system needs new thinking, new technologies, and new approaches to accelerate the achievement of our collective sustainability goals. Startups like FlexiDAO are enabling these fundamentals. Two years after winning Acciona’s annual accelerator program, the GREENCHAIN was listed among the most influential and disruptive initiatives in the energy sector by the World Economic Forum. For true and fast progress to rethink our energy system, energy stakeholders must use the innovative spirit startups bring.
Supporting documents
Ensure access to affordable, reliable, sustainable and modern energy for all
We develop top-notch solutions for the 24/7 monitoring of a new accessible, decentralised and fully decarbonised grid.
Take urgent action to combat climate change and its impacts
We foster a decarbonised electrification that has a direct impact on tackling this climate emergency.
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