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 (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
- engineering and technology environmental engineering energy and fuels renewable energy
- social sciences political sciences political policies civil society civil society organisations nongovernmental organizations
- social sciences economics and business business and management entrepreneurship
- natural sciences computer and information sciences computer security cryptography
You need to log in or register to use this function
We are sorry... an unexpected error occurred during execution.
You need to be authenticated. Your session might have expired.
Thank you for your feedback. You will soon receive an email to confirm the submission. If you have selected to be notified about the reporting status, you will also be contacted when the reporting status will change.
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
-
H2020-EU.3.3. - SOCIETAL CHALLENGES - Secure, clean and efficient energy
MAIN PROGRAMME
See all projects funded under this programme -
H2020-EU.2.1.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT)
See all projects funded under this programme -
H2020-EU.2.3.1. - Mainstreaming SME support, especially through a dedicated instrument
See all projects funded under this programme
Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
SME-1 - SME instrument phase 1
See all projects funded under this funding scheme
Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) H2020-SMEInst-2016-2017
See all projects funded under this callCoordinator
Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
47012 VALLADOLID
Spain
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.