Metlen
Powerledger’s blockchain-backed energy platform provided real-time visibility into METLEN’s (previously known as Mytilineos) industrial customers, offering insights into what percentage of the meter energy consumption has been matched with carbon-free energy generation.
In the numbers
1st time in Greece
Introduced one of its kind clean energy PPA tracking and smart energy sourcing solutions.
Every 5-15mins
Near real-time carbon footprint tracking.
Time & Location stamping
Blockchain for assessing granular energy consumption & production.
1st Greek company
METLEN sets a goal to cut CO2 emissions by 30% by 2030
Case study overview
Powerledger and METLEN Energy & Metals (previously known as MYTILINEOS Energy & Metals), one of Greece’s leading integrated energy industrial companies, leveraged blockchain to introduce the first of its kind clean energy PPA tracking and smart energy sourcing solutions.
Collaborators:
Powerledger: A Web3 company that offers a cutting-edge blockchain-backed software to enable tracing and visualisation of energy.
METLEN Energy & Metals: Greece’s leading integrated energy industrial company with a solid sustainability goal to reduce 30% CO2 emissions by 2030.
Protergia: METLEN’s subsidy and the biggest private company for the production and supply of electricity and natural gas in Greece.
Expansion and Impact:
METLEN’s customers faced challenges in accurately tracking their carbon footprint for environmental impact due to absence of smart procurement options. Using Powerledger’s blockchain backed energy solutions, METLEN and Protergia’s customers could trace and visualise where their energy comes from in near real-time, assessing carbon footprint every 5-15 minutes.
Key Features:
Complete energy traceability: Powerledger’s platform offered full visibility over entire energy
portfolio, including onsite generation, and PPAs.
Blockchain Technology: METLEN leveraged blockchain technology for ‘time’ and ‘location’ stamping of energy generation & consumption.
Smarter energy procurement strategy: Powerledger’s platform led to smarter procurement decisions, such as when and with whom it would make sense to sign Power Purchase Agreements (PPAs) that contribute to a more hybrid and adaptable energy portfolio.
Carbon-free energy score: The platform generates a carbon-free energy score that quantifies what percentage of energy consumption has been matched with carbon-free generation.
Benefits:
Enhanced Energy Transparency: METLEN and Protergia’s consumers got visibility into where their energy comes from in near real-time and track their carbon footprint.
Granular insights: With Powerledger’s platform and Carbon-free energy score, METLEN and Protergia gained a deeper insight into their consumers’ behaviour, preferences, and energy demand patterns.
Better decision making: Using this platform METLEN and Protergia’s consumers could actively shift their energy consumption to times when greener energy is available, reducing their carbon footprint and promoting sustainability.
You can find an announcement here.
