US Dept. of Energy Grants $4.8 Million to Fund Research of Tech Including Blockchain
The U.S. Department of Energy announced $4.8 million in funding for university research that includes blockchain.
The funding has been announced by the department’s office of fossil energy. Projects eligible for funding include those researching emerging technologies, “such as blockchain and decentralized, peer-to-peer [P2P] internet protocols” to secure data from fossil power generation sensors.
The developed systems would be used to securely process data from the sensors and other unspecified information flows within distributed sensor networks for fossil-based power generation systems.
The DOE said it “anticipates selecting up to 12 projects” to receive the funding allocation.
As Cointelegraph reported in December, Spanish renewable energy company Acciona Energía — recognized as one of the largest renewable energy operators globally — is set to deploy blockchain tech to trace electricity generation.
Also in December, news broke that South Korea’s government will spend about $3.5 million to set up a blockchain enabled virtual power plant in the country’s second most populous city, Bausan. The plant is meant to integrate the idle capacities of multiple energy sources to optimize power generation.
You may be interested
Crypto Lender BlockFi Cuts Interest Rates Paid to Largest Account Holdersbtcethereumadmin - March 22, 2019
BlockFi has changed the terms of its interest-bearing cryptocurrency deposit account just weeks after launching it. Beginning April 1, for…
Road to Consensus with Kadena’s Will Martino: Who Needs Private Blockchain?btcethereumadmin - March 22, 2019
We're talking to experts in the crypto and blockchain space about the future of the industry. You'll hear from economists,…
Bain-Backed Crypto Exchange Seed CX Is Expanding to Asiabtcethereumadmin - March 22, 2019
Chicago-based cryptocurrency exchange Seed CX, which Bain Capital backed last year, is expanding to Asia. The institution-focused exchange announced Thursday…