Blockchain

Italian Energy Giant Launches Solar Panel Tokenization on Algorand

Published

10 months ago

January 22, 2025

Enel Group, an Italian inexperienced vitality firm, has teamed up with Conio, a cryptocurrency pockets supplier, to allow fractional possession of photo voltaic panels via tokenization on the Algorand blockchain. On January 21, Algorand Basis CMO Mark VANLERBERGE has introduced a partnership between Conio and Enel Group that may launch a photo voltaic panel tokenization product in Italy.

The tokenized product will enable Italians to personal a portion of Enel’s solar energy vegetation and use the electrical energy generated to offset their family electrical energy consumption. Enel will handle all photo voltaic panels on behalf of the share house owners and prepare the precise vitality manufacturing to pay their electrical energy payments.

CEO of the Algorand Basis Staci WARDEN famous that the power to offset electrical energy consumption with tokenized actual property (RWAs) is “not tied to the place you reside.” As Warden defined, you’ll be able to dwell in a tall constructing and offset that with partial possession of a photo voltaic panel in a area.

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