ABB launches blockchain-based inverters for solar energy

nternational electrical engineering company ABB recently launched a pilot to examine how blockchain technology can be used to boost the role of solar in peer-to-peer energy trading and smart grids.The project was a collaboration with an Italian energy aggregator Evolvere to deploy their blockchain technology that allows for transparent and secure peer-to-peer energy transactions, PVTech reported. This technology will be created in conjunction with Prosumer. The pilot will explore how blockchain technologies and applications could transform the market for smart grids.Giampiero Frisio, head of ABB’s smart power business, said, “Using the capability of ABB to deliver digital solutions through ABB Ability and ABB’s inverter portfolio, including UNO-DM-PLUS solar inverters and REACT 2 inverters with storage, the pilot has opened-up a new wave of possibilities for energy markets to explore new and transformative models toward smart grid environments.”