Grid Singularity is a technology company creating an open (permissioned) Internet-based decentralized energy data exchange platform built on the most advanced blockchain technology. This newly structured ecosystem, to be hosted by the Energy Web Foundation (EWF, see energyweb.org), provides a data transparency and integrity solution in a major shift away from a traditional, centralized model of the energy market. It will support a range of valuable applications to be designed and used by diverse energy market participants, from regulators to operators, investors, traders and consumers. These applications will enable forecasting for grid balancing (smart grid management), facilitate investment, trade of green certificates/certificates of origin and eventually energy trade validation. In addition to building the core technology (EWF-hosted blockchain), Grid Singularity is also developing applications, including a grid management agent. Grid Singularity has been created by a team of experienced energy market and policy professionals, in partnership with leading blockchain technology developers at Parity Technologies, who are principal founders of the open source not-for-profit organization, Ethereum.
Grid Singularity is an Austrian startup developing a blockchain purpose-built for the energy industry, backed by a team of experienced energy market professionals and leading blockchain and smart contract developers, according to its website (see also: Energy Web Foundation).
We are building open source, customized energy exchanges to enable local marketplaces that interconnect to form a smart, transactive grid