Austrian Blockchain Company Builds Platform to Tokenize Solar Energy

The platform tokenizes output of solar-panel assets and allows customers to pay bills according to the power produced.

Jun 7, 2021 at 8:51 a.m. UTC
Updated Sep 14, 2021 at 1:07 p.m. UTC

A Vienna-based blockchain interface company, has built a platform for consumers to invest in energy produced by solar power through tokenization.

  • Riddle&Code Energy Solutions teamed up with Austrian energy provider Wien Energie to build MyPower, an announcement Monday said.
  • MyPower tokenizes solar-panel assets, allowing customers to purchase shares in Austria's solar-energy industry.
  • In the early stages of the project, a limited number of customers bought shares in a small solar-panel plant, for which they received tokens based on the energy produced by the plant.
  • The users were able to use the tokens to pay their electricity bills.
  • The project has turned its users from "consumers into prosumers," according to Michael Strebl, CEO of Wien Energie.
The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
CoinDesk - Unknown
We Need to Talk About Exchanges That Sell You Coins Like UST

How much responsibility should they have, legally and morally, for projects that fail spectacularly?

How much responsibility should they have, legally and morally, for projects that fail spectacularly?

CoinDesk - Unknown
2
CoinDesk - Unknown
Terra lanzaría su nueva blockchain el sábado, seguida del airdrop de LUNA

Serán las primeras acciones de un plan más amplio para ayudar a revivir el ecosistema Terra y sus tokens.

Serán las primeras acciones de un plan más amplio para ayudar a revivir el ecosistema Terra y sus tokens.

CoinDesk - Unknown
3
CoinDesk - Unknown
The Quantum Revolution That Will Change Everything

Blockchains need to start migrating to new quantum-proof systems now otherwise they’ll be rendered worthless.

Blockchains need to start migrating to new quantum-proof systems now otherwise they’ll be rendered worthless.

CoinDesk - Unknown
4
CoinDesk - Unknown
Tether Expands With Introduction of Dollar-Pegged Stablecoin on Polygon

Tether is now available on over 11 blockchain networks.

Tether is now available on over 11 blockchain networks.

CoinDesk - Unknown