On Monday, February 6, Energy Web Foundation announced that new strategic partners joined the organization with 12 biggest players on the list. The list includes: US’s Duke Energy, Exelon and PG&E; Germany’s E.ON and Innogy; Belgian firm Eandis; Eneco of the Netherlands; Swisspower; WiPro of India; PPT of Thailand and SB Energy Corp of Japan.
Blockchain technology has the potential to disrupt the way energy markets operate today. With this open accessible test platform we can start to develop future market standards and build reorganized, more efficient ecosystems.
Senior Vice President
The foundation has the purpose of ensuring interoperability and reduce costs through standards and market platforms that are easy to implement. Its open-source test network Tobalaba was launched on November 1, 2017 is currently used by more than 25 businesses to test decentralized applications. This year the network will be improved in terms of scalability and connectedness with physical devices and assets.
EWF states it raised over $17 mln overall to date, and $14 mln - since the start of round B funding from last August. This round B fundraising will close in May, 2018.
Our goal is to create a global ecosystem of innovators committed to working together to advance the state of the art of this powerful technology.
EWF Council member