PROJECT PROFILE
Enerchain
Key Project Players and Roles
Project Details
Project Country:
Germany
Project Phase:
Pilot
Project Status:
Active & Operating
Key Dates
Date Announced:
June 1, 2017
Date Launched:
March 31, 2018
Project End Date:
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Project Description
What does the project do and how does it work?
Enerchain seeks to build a B2B transaction network between European energy organizations. With its platform the PONTON seeks to support transactions for the following standard products: - Intraday quarter hours and hours; day-ahead; weekly, monthly, quarterly and yearly baseload deliveries - Commodities are gas and power with physical delivery (financial products are excluded)
Who is involved in the project and why?
At the end of the PoC project phase, 43 participants have joined the Enerchain participant’s group including:
Where is the project located and what is the size of the region of impact?
Developed in German, this platform seeks to operate in all European delivery zones for power (market areas/balancing zones) or hubs for gas.
How far along is the project and are there relevant project milestones to consider?
June 1, 2017: Project start with 23 participants August 2017: Initial development phase until mid-August with the first integration test in the 3rd week of August. On August 25th, a first test trade was performed by two participants October 2017: First live trades were shown on EMART 2017 on October 5th. This was based on a blockchain deployed as an externally hosted P2P layer between the participants. February 2018: Further live trades were shown on E-World in Essen in early February 2018, this time based on all software features developed under the PoC, including a simplified (symmetric) credit limit process, and additional high-availability features for higher application layers. March 2018: Performance tests were conducted with a focus on end-to-end testing of the overall performance of the Enerchain software End of March 2018: End of the PoC project phase, 43 participants have joined the Enerchain participant’s group Since March 2018: - PONTON has made the Enerchain live environment available for individual Enerchain participants to use for live trades - Enerchain participants have started working on setting up an Enerchain legal entity, as an industry-owned governance body, which will represent Enerchain in the future
What are the value propositions associated with this project?
Operating costs for a decentralized system are different from operating a “classical” centralized system and can be dramatically reduced by eliminating or reducing reliance on: - Management - Market control - Market supervision - Legal - Regulation - Compliance - Support - IT - Marketing - Sales A part of the external cost of trading still applies in case of Enerchain (e.g for hosting the blockchain and providing infrastructure support), yet at a very different price level compared to traditional marketplaces: Pricing will be based on flat annual fees; MWh-based fees or per-transaction fees shall not apply.
Industry Applications
Innovative Technologies Incorporated in the Project
UNDERLYING CONCEPTS
Concepts Utilized in Enerchain
Concept Name
Concept Partners
Concept Phase
Concept Status
Date Announced
Date First Launched
Deployed in # of Projects
PROJECT INVESTMENTS
Investments Received for
Investment Description
Investors
Investment Amount
Investment Round
Announcement Date
IN THE NEWS
Articles about Enerchain
LO3 Energy launches a New Partnership
Forbes
4/23/2019
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ADDITIONAL PROJECTS
PONTON Project Associations
Project Name
Project Roles
Project Phase
Project Status
Date Announced
Date Launched
Project Location
Enerchain Prototype
Advisor
Pre-Pilot
Completed & Ended
May 1, 2016
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Germany
Gridchain
Advisor
Pre-Pilot
Developing
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Germany
Centrica Project Associations
Project Name
Project Roles
Project Phase
Project Status
Date Announced
Date Launched
Project Location
Exergy
End User
Other
Pilot
Developing
Dec. 14, 2017
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United States