EDP – Energias de Portugal – ranks among Europe’s major electricity operators, as well as being one of Portugal’s largest business groups. Throughout its 40 years of history, it has been building a relevant presence in the world energy scene, being present in 14 countries, in 4 continents.
The company has around 12.000 employees and is present throughout the electricity value chain and in the gas commercialization activity. It is the third largest electricity production company in the world and almost 70% of its energy is produced from renewable resources. EDP provides electricity to almost 10 million customers.
The blockchain technology, which was developed by Austrian company, Riddle&Code, is intended to help the Portuguese power provider – EDP – measure the electricity consumption of each user who owns and operates solar PV Panels. The Master´s in Renewable Energy students came up with ideas to develop the business model and the financial analysis for this project.