Skey Network x Virtual Power Plant: the big step towards efficient energy management

Blockchain platform Skey Network announced its partnership with AI-powered technology provider VP Plant in a bid to revolutionize energy management.

Skey Network is an independent blockchain that allows users to create flexible products, services, and user-friendly applications that ensure cryptographic security. Skey Network shares a universal communication blockchain system.

Virtual Power Plant is a leading provider of technologically advanced solutions that use artificial intelligence to increase energy efficiency, environmental comfort, and safety of public and commercial buildings. The goal of VP Plant is to reduce energy consumption and, thus, lower operating costs for businesses.

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Skey Network's blockchain will be used to build trust between entities generating energy from renewable sources and implement transparent management of energy efficiency. It will also serve as a consensus layer to guarantee open and correct energy management.

"Skey Network is a great partner because their blockchain is quick to implement. It also provides practical tools and support in the installation process, as it is an expert in this field, and you can count on the competence and comprehensive service of the company. It provides direct support to both commercial clients and public entities," VP Plant CEO, Grzegorz Nowaczewski, stated, as he made an appearance on Skey TV.

Check out the full interview with Grzegorz:

Skey blockchain technology also affects the stability and precision of obtaining energy from renewable resources. The method of storing and using energy is essential here. In practice, the Skey blockchain helps to reduce energy costs and manage this energy much more efficiently, thus helping organizations meet their ESG targets.

"The global renewable energy market is expected to continue its upward growth over the next years, reaching 1.1 trillion U.S. dollars by 2027. Environmental concerns regarding fossil fuels, rapid urbanization, and economic growth in emerging regions are all major factors that are contributing to the projected market growth," the research article on Statista reads.

Chart of the renewable energy market size worldwide in 2020, with a forecast for 2027

It is no longer enough to be innovative or digital. Businesses must be sustainable and responsible for the environment. The new EU guidelines to reduce emissions by at least 55% by 2030 and zero emissions by 2050 pose a tough task for businesses.

The future is a technology that will save businesses a lot of money. Blockchain provides excellent solutions for optimizing energy costs. Skey Network's cooperation with Virtual Power Plant is an example of the use of blockchain technology to increase energy efficiency.

If you consider implementing blockchain technology into your business model, contact Skey Network at:

Take a look at VP Plant offerings at

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