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Energy Provider Ameren Looks At Blockchain Promise In Clean Energy Boost

BFSI News

Energy_Provider-Ameren-Looks-At-Blockchain-Promise-In-Clean-Energy-Boost Energy Provider Ameren Looks At Blockchain Promise In Clean Energy BoostAmeren, a leading American power company, along with Canadian software engineering and solutions firm Opus One Solutions will reportedly explore the potential use of Blockchain technology. As currently offering their services nearly 2.4 million electric and 900,000 gas consumers, Ameren will analyze Blockchain as one of a range of options in its clean energy initiative. As the report noted, in May last year, Ameren was listed among the top 20 U.S. gas and electric utility firms, based on market value.

Blockchain is set to feature in the firms’ Transactive Energy Marketplace (TEM), a microgrid built using Opus One’s technology to advance supply and demand ratios. In a statement, Senior Vice President of operations and technical services at subsidiary Ameren Illinois, Ron Pate stated that identifying the value local distributed energy resources (DER) can provide to our distribution system and the customers it serves, helps inform how and where customers should invest in clean renewable power. He further added that Transactive energy markets will ensure that distributed energy resources are compensated appropriately, for the services that they provide. Ahead of this sector’s development, earlier this month, it was reported that Japan’s Marubeni has partnered with a Blockchain-driven firm, LO3, in its own bid to fuel the automation and efficiency of its renewable energy offering.

Headquartered in St. Louis, Missouri, Ameren Corporation is an American power company founded on December 31, 1997, by the merger of St. Louis, Missouri’s Union Electric Company and the neighboring Central Illinois Public Service Company of Springfield, Illinois.  It runs as a public utility holding company which offers electric and natural gas services.