ZUG, Switzerland, London, United Kingdom — 2 May 2023: Aventus, a Web3 solutions provider for enterprises, today announced a partnership with Energy Web, a non-profit building open-source technology solutions for energy systems. The partnership will see Aventus support Energy Web with launching Energy Web X, a new decentralized technology that will enable Energy Web to more efficiently and effectively service its clients and achieve its goal of decarbonising the grid.

Via Aventus’ parachain-as-a-service offering, Aventus will enable Energy Web to launch Energy Web X, a parachain compatible with Relay chains such as Polkadot, bringing enhanced scalability, speed, interoperability and security to the Energy Web ecosystem.

Aventus will also deploy for Energy Web its own instance of Aventus’ key architecture, including:

• Gateway API — allowing Energy Web’s clients to plug into the ecosystem quickly and easily via a familiar API web entry point;
• Block Explorer — enabling enhanced transparency of Energy Web’s ecosystem by allowing any developer to query any on-chain data; and
• Governance Application — democratising and further decentralising the Energy Web network by allowing holders of EWT (Energy Web’s native token) to vote on all major Energy Web development decisions

Aventus will also become a validator in Energy Web’s ecosystem, contributing to the security, decentralisation and capacity for innovation of Energy Web solutions. Additionally, Aventus will offer a managed service for any further validators in Energy Web’s ecosystem, allowing trusted entities to benefit from helping to secure the network, without any technological requirement on their part.

Alan Vey, Founder & CEO, Aventus, comments: “We couldn’t be more excited to begin working with Energy Web. Its mission to use open-source Web3 technologies to help companies navigate and accelerate the energy transition is an incredibly important use case of blockchain, and we’re thrilled to be able to help make it more accessible and seamless.”

Jesse Morris, CEO, Energy Web, adds: “Energy Web’s technology already powers decarbonisation in dozens of countries, but in order to effect global change, we need to take our technology to the next level. Aventus’ in-depth understanding of our needs, flexibility in creating a solution and high-quality technology stack made the partnership an obvious one. We’re thrilled to be working with such an innovative team and can’t wait to see where this partnership takes Energy Web.”

About Aventus

Aventus onboards enterprises to Web3, enabling them to generate new revenue streams, improve operational efficiencies, and future-proof their business.

It works with each enterprise to scope out potential use cases, and customize a SaaS-style product from its extensive suite of modular, composable architecture, as well as maintains and manages the solution — so enterprises can focus on what they do best.

www.aventus.io/

About Energy Web

Energy Web is a global non-profit accelerating the clean energy transition by developing open-source technology solutions for energy systems. Our enterprise-grade solutions improve coordination across complex energy markets, unlocking the full potential of clean, distributed energy resources for businesses, grid operators, and customers. Our solutions for enterprise asset management, data exchange, and Green Proofs, our tool for registering and tracking low-carbon products, are underpinned by the Energy Web Chain, the world’s first public blockchain tailored to the energy sector. The Energy Web ecosystem comprises leading utilities, renewable energy developers, grid operators, corporate energy buyers, automotive, IoT, telecommunications leaders, and more.

www.energyweb.org