It was a big week in #energy. For the need-to-know recap, dive into this thread. 👇
Our mission is to accelerate the global #lowcarbon #energytransition by unleashing the potential of #opensource #digital tech, including the #EnergyWeb #blockchain.
In tandem, major energy companies around the world are making big pivots.
In tandem, major energy companies around the world are making big pivots.
Legacy oil majors such as #EnergyWeb member @Shell are investing heavily in #digitalization and #renewables.
Electricity grid operators are becoming TRANSPORTATION companies, via #electricvehicle charging infrastructure and supplying electrons as 'fuel' to those #EVs.
Electricity grid operators are becoming TRANSPORTATION companies, via #electricvehicle charging infrastructure and supplying electrons as 'fuel' to those #EVs.
And transportation companies—especially automakers—are becoming ENERGY companies. EVs are the natural starting point, but holistic energy management quickly comes into play... with residential and commercial energy storage, on-site solar PV generation, etc.
To that end, earlier this week #EnergyWeb member @VWGroup hosted its first ever Power Day (#vwpowerday). It's a significant milestone. volkswagenag.com/en/news/2021/0…
VW is targeting a 50% reduction in #battery costs. They're also expanding the EU charging station network 5x with 18k new fast-charging points. And perhaps most notably, "energy management" is now a new business sector for the company.
En route, VW is also planning six new battery 'gigafactories' with a total annual production capacity of 240 GWh.
To put that number into perspective, @Tesla's famous Gigafactory 1 in Nevada, USA, reached 20 GWh in 2018 and last year was up to 35 GWh. fool.com/investing/2020…
To put that number into perspective, @Tesla's famous Gigafactory 1 in Nevada, USA, reached 20 GWh in 2018 and last year was up to 35 GWh. fool.com/investing/2020…
All this talk of batteries brings us to the other big announcement of the week: the new EasyBat app from @bebat_BE and @Fluvius_be in Belgium, built on the #EnergyWeb tech stack: medium.com/energy-web-ins…
Although EasyBat is designed for #Decentralized #selfsovereign lifecycle management of batteries, its architecture is applicable to any energy asset anywhere. Such a 'DER Passport' is becoming the anchor of the future energy system. energyweb.org/technology/app… 
Stay tuned for more on this topic from the #EnergyWeb ecosystem. In the meantime, have a great weekend! #WeAreTheEnergyWeb
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