Today Austria’s RIDDLE&CODE Energy Solutions and Wien Energie announced the creation of a joint venture. The objective is to accelerate global decarbonization by expanding their existing joint solution globally.
In June, we reported on MyPower, a blockchain platform used by the two companies to tokenize solar panels or photovoltaic (PV) assets. This allows customers to invest in solar panel installations on a fractional basis and receive kilowatt-hour tokens based on the amount of power generated. These tokens can be redeemed through energy bill payments or grocery purchases.
They intend to deploy the same solution elsewhere using Wien Energie’s experience in the energy sector and RIDDLE&CODE’s tokenization skills.
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