Objective The overall objective of the project is to provide to the green energy certificate market with a new traceability and secure system that will allow producers, traders, consumers, administrations and/or NGOs to verify and approve the real green energy origin. This project innovative approach is based on the application for the first time of the blockchain technology to the green certificate generation process, to create a distributed system where each transaction is encrypted and stored locally in many individual computers. Any transaction needs to be approved by a great number of members before it is exported and verify by the whole system, eliminating the need for third-party intermediaries, and therefore, the fraud cases.Green certificates are created each time one megawatt-hour of renewable energy is generated and put on the grid. Unfortunately, no matter where the electricity is generated, once the electricity enters the grid it is impossible to distinguish where it came from or how was generated. Currently this system is facing the following challenges: Lack of credibility and traceability, and fraud issues. With our Green Energy Tracker (GET) we are contributing to maintain a trustable renewable energy market by providing a system that Increases the credibility by substituting trust for security and traceability, eliminate fraud, increases the market efficiency and opens the possibility for new certification markets.Our feasibility assessment under Phase I work expect to validate that the business idea is achievable by the analysis of the technical and economic related aspects with the proposal and, at the same time, identifying those key issues to face in Phase II, jointly to the clinic validation and regulatory process necessary of being developed. Fields of science engineering and technologyenvironmental engineeringenergy and fuelsrenewable energysocial sciencespolitical sciencespolitical policiescivil societynongovernmental organizationssocial scienceseconomics and businessbusiness and managemententrepreneurshipnatural sciencescomputer and information sciencescomputer securitycryptography Programme(s) H2020-EU.3.3. - SOCIETAL CHALLENGES - Secure, clean and efficient energy Main Programme H2020-EU.2.1.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT) H2020-EU.2.3.1. - Mainstreaming SME support, especially through a dedicated instrument Topic(s) SMEInst-09-2016-2017 - Stimulating the innovation potential of SMEs for a low carbon and efficient energy system Call for proposal H2020-SMEInst-2016-2017 See other projects for this call Sub call H2020-SMEINST-1-2016-2017 Funding Scheme SME-1 - SME instrument phase 1 Coordinator MEGAVATIO CONTROL SL Net EU contribution € 50 000,00 Address C/ SISON 8 2 D 47012 VALLADOLID Spain See on map SME The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed. Yes Region Centro (ES) Castilla y León Valladolid Activity type Private for-profit entities (excluding Higher or Secondary Education Establishments) Links Contact the organisation Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Total cost € 71 429,00
