An interesting remark was made by Lawrence Jones, Vice President of the International Programs of the Edison Electric Institute, who talked about the invisibility of the changes on the hydropower sector, where changes happen, but not on the same scale as in other sectors, since hydropower and dam projects are long-term projects planned for 100 years ahead, which brings a unique mindset with it. The interest was there for the possibilities that the blockchain technology could open for the hydropower sector. The blockchain technology has the ability to disrupt energy distribution, cryptocurrency mining offers oppurtunities in regulating the energy flow can be seen as a new profitable energy outlet, in smart micro grids consumers are able to become prosumers; there is a wide range of possible future scenarios, in which hydropower, the blockchain and hydromining can be combined to achieve new useful tools for a more productive outcome.
Richard Taylor, Chief Executive of the International Hydropower Association, emphasized the role of hydropower as one of the leading renewable energies with a lot of undeveloped potential. Hydropower will help to double the share of renewable energy in the global energy mix by 2030. One has to keep in mind that the biggest energy generators do all come from hydropower, the Three Gorges Dam is leading the worldwide energy production and has a generating capacity of 22,500 megawatts (MW).
To conclude, we saw a huge interest in blockchain and hydromining in particular and are thrilled to work with such inspiring people.
All the best, Nadine
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