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The Energy Web Foundation
Enabling and accelerating the transition to a democratized, decentralized, decarbonized, and digitized electricity grid Summary January 2019
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The energy system is fundamentally transforming; new digital solutions are needed
Aggressive energy system decarbonization—including through the fast growth of high-percentage renewable energy generation—are demanding ever more flexibility from grid operations across supply and demand coal renewables Terrawatt Hours / Year natural gas nuclear Source: A B Lovins et al., “Relative deployment rates of renewable and nuclear power: a cautionary tale of two metrics,” El. Res. & Soc. Sci., in press, 2018.
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EWF has built a blockchain platform specifically for the energy sector
The EWF blockchain is an open-source, public, blockchain-based platform capable of supporting energy blockchain applications at commercial scale
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100+ market participants are part of the ecosystem of the Energy Web Foundation
* This slide does not reflect the exact size of the EWF ecosystem
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We are in the midst of a research and development phase
Our objective is to create the genesis block of the EWF chain in 2019 Phase 1: Initiation Phase 2: Development Phase 3: Decentralization Jan 2017—April 2018 April 2018—April 2019 2019 + 12 founding Affiliates recruited from energy sector $2.5 M raised Most promising use cases identified to inform design of chain requirements Technology partnerships formalized, alpha version of test network deployed 100+ Affiliates recruited ranging from energy sector majors to startup blockchain & energy developers Multiple Affiliate projects supported across ecosystem Beta version of testnet released On-chain governance framework deployment and testing Additional Affiliate recruiting Create genesis block of EWF blockchain (planned for Q2 2019) Deploy on-chain governance framework Continue ecosystem growth Engage regulators Ongoing research, development, and network monitoring in support of network adoption and evolution Initial token generation event (TBD)
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