Government of Catalonia launches project for the commercialization of solar energy in Ethereum | CriptoNoticias

The government of Catalonia will launch a project called IoCat, which includes the use of blockchain technology for citizens of that region, who generate their own solar energy and store it by batteries, they can market without intermediaries with the use of a token that will be issued by the government entity.

The announcement was made by the Minister of Enterprise and Knowledge of the Generalitat of Catalonia (Catalan Institute of Energy), Ángeles Chacón, during an intervention before the Commission of Enterprise and Knowledge of the Parliament of this Spanish autonomous community, in which he presented the strategic lines of the legislature in matters of energy policy.

In this regard, Chacón pointed out that the project – currently In its design phase, it will be launched soon jointly with the municipalities, which will finance the plan. The objective is to promote the self-consumption of photovoltaic solar energy, in addition to creating a management model that places the citizen in a more active position in terms of production and consumption of this type of energy.

On this, the promoter of the IoCat project and president of the Blockchain Association of Catalonia, Lluïsa Marsal, explained that the plan will start with a pilot test that will be implemented in 4 or 5 municipalities of Catalonia selected by public tender, as reviewed by the BitFuture web portal. Each entity will have its own blockchain platform next to a solar installation of 2,000 to 3,000 watts, whose estimated value ranges between 3,000 and 5,000 euros.

Marsal added that the project will be implemented through the network of Ethereum, which will be linked to independent microgrids of solar energy, which will operate isolated from commercial networks and will be managed by neighborhood communities in the area, who will capture their own energy through solar panels.

He clarified that, Due to the impossibility of selling the excess energy back to the national network, these independent producers will have the option of selling the surplus to their neighbors, using cryptoactive substances. For this purpose the creation and issuance of a token that will serve as an exchange currency is contemplated, so that micro-producers can share and sell the energy.

Once issued, the tokens will be distributed among users according to their consumption and production of energy, being paid among citizens as a reward for the use of renewable energy. For this, the participating public will have digital wallets that will allow them to receive and make payments in the new cryptoactive.

Government plans take advantage of the blockchain

It is added on the site website of the Catalan Energy Institute that, as a complement to the IoCat project, has been working since 2017 on the promotion of self-consumption of solar energy, in favor of promoting the energy transition and encouraging the installation of photovoltaic self-consumption devices among the community. The initiative has required an investment of 360,000 euros intended to offer financial aid.

In this way, the government of Catalonia directs its energy development policy and takes advantage of the blockchain technology to accelerate the installation of wind and photovoltaic energy equipment, in order to move towards "a cleaner, more democratic and sustainable energy model," said counselor Ángeles Chacón.

In that sense, the plans of the Catalan government not only contemplate the use of distributed accounting technology in the energy field, but also in various areas of its economic system.

Consequently, last year, in the framework of the independence referendum, the Generalitat ] created a system of certificates of digital residence based on the block chain, which allows companies to establish functions in the region without having to physically settle in Catalonia. Work is also being done on the use of these new technologies to advance the transformation of the administrative, public service and industrial sectors, with a view to making the region a global benchmark for blockchain.

Featured image by: VioNet /