ACWA Power has become the first utility-scale energy generator to adopt the SolarCoin – a blockchain-based cryptocurrency paid out for solar power production – for its operations around the world.
The concept, compared by co-founder Nick Gogerty to “air miles for PV producers”, will see developers rewarded with a “digital token” for every MWh produced, with the wider benefit of incentivising clean-power generation and so accelerating the energy transition.
