During the Transform.Hackathon from 31 October to 2 November in Utrecht, the 2Tokens foundation has worked out a technology that will enable the easier exchange of sustainably produced energy between users and generators. During the hackathon, the 2Tokens team came up with the most promising solution of the ‘Value’ challenge. This solution is now being worked out for Ameland and for the Amelander Energiecoöperatie AEC under the title ‘Power of the Many’.
2Tokens’ solution enables citizens to (1) gain ownership of solar panels located elsewhere, (2) use the power produced at home and (3) exchange the power produced with other users. This uses token technology, making energy digitally tradable.
“Tokenisation is ideally suited to answer the challenges of the energy transition,” says Michel Chatelin, vice-chairman of the AEC’s supervisory board and partner at law firm Eversheds Sutherland. “The long-held desire to enable self-supply on a cost-plus basis for consumers and businesses can now be fulfilled.”
Innovation in the energy sector is more relevant than ever, says Chatelin. “The scarcity of fossil fuels and geopolitical tensions are driving energy prices to unprecedented levels. More and more households are facing financial difficulties.”
The Transform.Hackathon took place from 31 October to 2 November. Policymakers, hackers, designers, artists, builders, pioneers and storytellers were together for 48 hours to work out new ideas for the energy system of the future. The most promising outcomes of the hackathon are now being accelerated further and linked to the right collaboration partners.
Transform.Hackathon was initiated by the National Regional Energy Strategy Programme, the Dutch Ministry of Economic Affairs & Climate and Unify.Energy.
The 2Tokens Foundation is a public project dedicated to informing and inspiring anyone who wants to use token technology. 2Tokens is a public organisation supported by technology companies, policy makers, financial advisers, banks and legal experts. The project is sponsored by the European Union and grew out of a collaboration between Blocklab (Port of Rotterdam), YES!Delft (Delft University of Technology) and LIFT-OFF (Open data economy), with support from Erasmus University Rotterdam, Techleap, the Dutch national government and a coalition of large and small industry players. The ambition of 2Tokens is to create awareness in society, stimulate relevant discussions and bring together expertise, in order to reduce the barriers to tokenisation and realise the social benefits.
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