Energy Web introduces ‘Circles’ for collaboration on energy challenges
Image: Energy Web
Energy Web Circles are planned to bring together enterprises, regulators and technology providers to create software solutions for today’s energy challenges.
The intent of this approach is to cut through the traditional silos by focusing on key issues faced by the energy sector, with each Circle zeroing in on a specific challenge for which participants can create solutions, share insights and help to shape emerging industry standards.
Such challenges can range from decentralised identity management and zero carbon electric vehicle charging to carbon-aware computing and advanced grid management.
To kick the initiative off, the first Circle is the ‘Universal Energy ID’, which is considered key for transactions as energy markets become increasingly decentralised with more and more connected devices.
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The Universal Energy ID Circle is planned to develop and deploy a decentralised identity and credentialing system for the energy sector.
The primary goal is to create a trusted and verifiable identity infrastructure that enables seamless transactions, regulatory compliance and secure access control across the energy ecosystem.
The Circle is designed to foster the development and integration of the EnergyID decentralised identifier framework to enable digital product passports with information about the product that can be stored and updated across a network of various participants – e.g. manufacturers, suppliers, distributors, consumers, regulators – without relying on a central entity.
The implementation of such digital product passports, which already are emerging for batteries, are expected to help drive innovation and to enable circular economy practices, as well as comply with evolving regulatory requirements.
For example, the battery passports are due to become mandatory in Europe in 2027.
A key benefit of the Universal energy ID is to provide a single standard for managing identities across energy, electric mobility and beyond, eliminating fragmentation.
Integrating with open source identity frameworks the solution should be interoperable and adaptable to various use cases and with worker nodes in Energy Web acting as mediators and relayers, secure and reliable communication should be ensured.
Energy Web Circles are open to all businesses interested in advancing digitisation and decarbonisation in the energy sector, whether or not an existing Energy Web member.
It also is possible to create a circle with a use case or challenge that could benefit from industry-wide collaboration.
