NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin, Ethereum, And XRP In Freefall: What’s Driving The Current Crypto Slump?
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin, Ethereum, And XRP In Freefall: What’s Driving The Current Crypto Slump?

When It Comes to Green Energy’s Blockchain Revolution, Lition Is Ahead of the Pack

NewsBTC
NewsBTC
1 year ago
4 mins read
lition

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

In July, The Council on Foreign Relations (CFR) — a non-partisan US-based policy think tank published a report on the important role that blockchain technology could play over the next decade as global jurisdictions work to adopt more agile policies for renewable energy. It notes that “substantial investment is flowing toward ventures that apply blockchain technology to the electric power sector” and identifies the function that startups around the world are performing in helping to innovate and modernize electric power systems. Indeed, green energy entrepreneurs recognized very quickly that blockchain technology could offer consumers, prosumers, and renewable energy producers alike a viable alternative to the legacy power grids that monopolize energy delivery today.

Among the vanguard companies leading the change towards a decentralized green energy blockchain system is Germany’s Lition which is working with global technology giant SAP on its blockchain solution. Their platform was developed to connect consumers directly with green energy producers and give them more choice over where their energy comes from and how much they pay for it. Because Lition is built on blockchain technology it makes the process of buying energy directly from producers much easier, since transparent smart contracts eliminate the need for third-party brokers.

The company’s CEO, Dr. Richard Lohwasser, argues that current energy delivery arrangements are inefficient and expensive, and the consumer doesn’t really know what they’re buying from official grid systems. “We want to give ‘power to the people,’” he says. “Current power delivery systems are too complex and there is no transparency for the consumer. It’s not possible with today’s delivery systems to know what exactly you’re buying. Even dirty coal energy can be packaged as ‘green’ and sold at premium prices,” he adds. Lohwasser understands the energy sector very well, with 10 years under his belt as a researcher and consultant. He and his team grasped very early that blockchain technology, deployed through a powerful platform, could change the field completely and could give consumers more control over their energy choices.

The CFR discussion paper largely agrees with Dr. Lohwasser, and its authors believe that the cultural shift away from what they call the “hegemony of centralized fossil fuel” needs to be driven by the kind of vision that Lition’s founders express. The problem has been that renewables are notoriously unpredictable, which doesn’t work with a centralized grid system. In addition, power consumption fluctuates, as does natural power generation, which has made green energy a difficult option to integrate into 20th-century energy delivery systems.

lition

There’s a number of ways that blockchain technology could be adopted over the next decade to revolutionize the established systems. Moreover, the technology could help emerging markets that lack official infrastructures to leapfrog into 21st-century energy technologies. A number of innovative startups have been working hard to produce viable solutions for the near future. Estonia’s WePower is presently directing a pilot that allows users to participate in building a wind-power project. Anyone can buy tokens and can then redeem their tokens for electricity once the project is operational. It’s an innovative way to allow consumers to crowdfund the kinds of projects they’re interested in, and energy sector experts will be keeping an eye on how this project rolls out its other pilots in Spain, Lithuania, and Australia.

Meanwhile, Romania’s Restart Energy is also in a pilot stage with its plan to allow token holders to become energy retailers who can buy and sell energy if they wish or just obtain power directly through its peer-to-peer system. Restart is one of the few startups licensed as an energy supplier in their own jurisdiction, which gives them greater access to consumers. Others like Power Ledger and Electrify Asia are conducting pilots that are focusing on energy trading directly, as well as wholesale market settlements in the case of the former company.

One of the key components that will drive the future of energy is the integration of smart metering, which along with growing demand for notoriously intermittent renewable energy, creates a recipe for complexity, a problem traditional integrated grid systems simply can’t handle. Prosumers can certainly sell their solar or wind power into the official grid, but it’s no simple feat to separate out local green power from other types of suppliers. Of course, it’s this type of complexity that blockchain was ideally built to address, so we should expect more exciting innovations from some of the new companies that have emerged recently. Restart Energy, for instance, has already integrated some smart appliance metering capability into its platform.

On this front, Lition will be the company to watch, since they’re already working to fully address the complex issues created by fluctuating demand versus intermittent supply. Being fully operational, they already have customers in 11 cities in Germany, accessible to 41 million households. The customers, as well as energy producers on the platform, have reported financial boosts since becoming part of it.

The Lition platform can work with smart appliances, enabling users to monitor and track how they use their energy. Lition is also one of the few platforms that has a vehicle charging app layer that will become crucial as the market moves to electric vehicles.

Tweet123Share223ShareSend
NewsBTC
NewsBTC

NewsBTC

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Solana

From Store Of Value To DeFi Powerhouse: Solana Unlocks Bitcoin’s True Utility — Here’s How

Bitcoin has been celebrated as digital gold and a secure store of value with limited functionality, but Solana’s high-speed, low-cost...

Godspower Owie 2 hours ago
Crypto news

Crypto Bloodbath Shakes Market—But Is The Real Storm Still To Come?

Crypto absorbed its largest liquidation shock of 2025, with the heaviest single-day wipeouts since summer 2023 for ETH and SOL...

Jake Simmons 3 hours ago
Dogecoin

Dogecoin Remains In The Green As This Historic Indicator Still Points To Gains

Dogecoin remains in bullish territory, with key technical indicators indicating further upside potential. Despite recent market fluctuations, the meme coin...

Godspower Owie 5 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

bitcoin-consolidation-zone-revealed-hyper-raises-17-5m-layer2-tw

比特幣價格盤整關鍵區間曝光 HYPER預售狂吸1,750萬美元成Layer 2潛力新星

Mark Mak 32 minutes ago
dogecoin-x5-prevente-maxi-doge

Grayscale Files For New Dogecoin ETF Amid Approval Expectations, Is The Next Price Surge Coming?

Sandra White 1 hour ago

迷因幣回檔 Snorter Bot Token 持續捕獵新機會 ICO 募資已破400萬美金

estherw 2 hours ago

Premium Sponsors

Press Releases

  • 5 mincí, které by v kryptobublině v roce 2025 mohly dosáhnout 10 miliard dolarů

    5 mincí, které by v kryptobublině v roce 2025 mohly...

    9 hours ago
  • 5 érme, amelyek 2025-ben elérhetik a 10 milliárd dollárt a kriptobuborékban

    5 érme, amelyek 2025-ben elérhetik a 10 milliárd...

    9 hours ago
  • 5 monet, które mogą osiągnąć 10 miliardów dolarów w bańce kryptowalutowej w 2025 roku

    5 monet, które mogą osiągnąć 10 miliardów dolarów w...

    9 hours ago
  • 5 монети, които биха могли да...

    10 hours ago
  • Pet kriptovaluta koje u kripto balonu 2025. mogu dosegnuti tržišnu vrijednost od 10 milijardi dolara

    Pet kriptovaluta koje u kripto balonu 2025. mogu dosegnuti...

    11 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.