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SUSTAINABILITY

Wien Energie and RIDDLE&CODE Extend Their Partnership to Support and Accelerate Global Decarbonisation Efforts

Wien Energie | December 16, 2021

RIDDLE&CODE Energy Solutions, a subsidiary firm of the leading European blockchain interface company RIDDLE&CODE, announced a joint venture partnership with the largest energy provider in Austria, Wien Energie. The signing of the agreement took place on 9 December, with the objective of accelerating global decarbonisation efforts and distributing solutions that have proven effective in Vienna to customers worldwide.

Under this agreement, Wien Energie and RIDDLE&CODE will share financial and technological resources to provide cutting-edge services and continue shaping the future of the energy market. A joint venture of two companies that have collaborated for years will leverage Wien Energie’s technical, commercial and legal expertise in the energy sector and access to more than two million customers, and RIDDLE&CODE’s know-how in asset tokenization.

The energy market is complex, and the complexity further increases with decentralisation. Wien Energie has long-standing experience of decarbonising energy production portfolios. RIDDLE&CODE helps bring more transparency and traceability into the system, while incentivising sustainable business models, such as our dynamic Citizen Solar Power Plant. We are looking forward to strengthening our collaboration with our signature today and opening the next successful chapter for this young company."

Michael Strebl, Wien Energie CEO

Citizen Solar Power Plant utilises energy tokenization platform MyPower, patented Trusted Gateway and the regulatory-compliant Token Management Platform, which provides the foundation for trusted data sharing. Upcoming MyPower releases will focus on creating data market interfaces for all machines connected to the energy grid and offering tokenized green power purchase agreements. It will also focus on opening the platform’s capabilities to the automotive industry to create a “Green Mobility Chain of Trust”, which will provide a chain of evidence between green energy sources, charging stations and battery electric vehicles (BEVs).

Wien Energie
Wien Energie is one of Austria’s largest utility providers, responsible for ensuring the reliable supply of electricity, natural gas and heating to around two million people, 230,000 businesses and industrial facilities, and 4,500 farms in the Greater Vienna metropolitan area.

RIDDLE&CODE Energy Solutions
RIDDLE&CODE Energy Solutions, a subsidiary firm of the leading European blockchain interface company RIDDLE&CODE, provides the blockchain-powered infrastructure that enables resilient, low-cost and green electricity production and builds a foundation for a decentralised urban energy marketplace.

Spotlight

Decarbonizing Operations is a Business Opportunity for Partners | Schneider Electric

We must re-think and re-invent how we do business to combat climate change. That’s why sustainability is at the heart of Schneider Electric’s purpose, business, culture, and operating model: we walk the talk, and we invite you, our partners, to do the same. By partnering for sustainability, together we can help decarbonize our own operations while helping our mutual customers succeed on their decarbonization journeys, too. Our Sustainability Impact Awards celebrate partners who embrace sustainability.

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Spotlight

Decarbonizing Operations is a Business Opportunity for Partners | Schneider Electric

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