Press Release
EBC and EWF announce agreement

Partnership between two top players in Energy and Blockchain
October 29, 2018

Energy Web Foundation (EWF) and Energy Blockchain Consortium (EBC) to Explore Opportunities, Benefits, Challenges of Blockchain

Zug, Switzerland and Florida, USA, October 29, 2018 – Energy Web Foundation and the Energy Blockchain Consortium today announced they have signed a memorandum of understanding (MOU) agreeing to facilitate the shared objectives of the two organizations.

The MOU between the two organizations identifies many opportunities of collaboration, including:
• Partnering to foster standards creation / frameworks in the energy blockchain space to ensure interoperability
• Identifying opportunities for creation and/or delivery of educational resources for electricity market participants seeking consulting and education
• Experimenting with EBC-facilitated technology developments with EWF’s blockchain

“Blockchain is an important new technology that could change the way energy companies and customers engage,” said Hervé Touati, CEO of EWF. “But as a promising yet young technology, education, awareness, collaboration, and standardization will be critical to help legacy energy companies and startups alike understand and leverage its potential, which is why we’re pleased to explore such opportunities together with the Energy Blockchain Consortium.”
“Energy in general is ripe for blockchain to facilitate transactions in novel ways, and interoperability standards are the key to blockchain” said Tony Giroti, Chairman & CEO, EBC. “Energy Web Foundation is the perfect partner to help us discover, illuminate, and pursue the possibilities.”

About Energy Web Foundation
Energy Web Foundation (EWF) is a global nonprofit unleashing blockchain’s potential to accelerate the transition to a decentralized, democratized, decarbonized, and resilient energy system. EWF is building the shared, digital infrastructure—an open-source, scalable blockchain platform—specifically designed for the energy sector’s regulatory, operational, and market needs. Co-founded by Rocky Mountain Institute and Grid Singularity, and with a worldwide network of more than 70 affiliates and growing, EWF is the largest energy blockchain ecosystem and the industry’s leading choice as the foundational blockchain base layer, providing the digital DNA building blocks powering the world’s energy future.

For more, visit http://www.energyweb.org.

About Energy Blockchain Consortium
Energy Blockchain Consortium is a non-profit consortium of energy and blockchain organizations and professionals who are committed to leveraging blockchain technology to solve the most compelling problems in the energy industry. The Consortium is developing an open energy blockchain framework (named Catena™) with use cases, interoperability standards and reference architecture.

For more, visit http://www.energy-blockchain.org

Media Contacts

EWF: Peter Bronski, peter.bronski@energyweb.org, (201) 575-5545
EBC: Bob Feghali, bob@energy-blockchain.org, (203) 554-9951