Trusted Renewables MULTOS solution wins SESAMES Award
Posted on 30 November, 2017 in Category
London, UK – 30 Nov 2017 – Trusted Renewables Limited, a MULTOS Consortium Member and industry pioneer specialising in renewable energy, carbon reduction and smart metering has been awarded first place in the Internet of Things (IoT) category at the prestigious 2017 SESAMES Awards competition. Announced at the 2017 Trustech show in Cannes, the submitted innovation “Harvesting Sunshine from Solar Gardens with Smart Solar Panels” contains embedded secure MULTOS technology and communications circuits which link them to an IoT smart energy ecosystem.
The MULTOS chip in the Smart Solar Panels resists cyber-attacks and serves as the IoT “Trust Anchor.” Secure applications running on each chip allow energy trading using “smart contracts” and validate renewable energy payments with “certificates of origin”. Individual panels can be grouped into a “solar garden” where investors receive tradable rights to be rewarded for the renewable energy produced by “their” panels. The SESAMES are awarded each year to the best technology innovations in the trust-based technologies industry.
Colin Mallett, CEO of Trusted Renewables, says “We are delighted to receive this industry recognition on behalf of our project consortium which includes a team from the University of Hertfordshire Smart Laboratory. The award recognises our invention of a new secure renewable energy payment ecosystem which increases demand for secure microprocessor chips. These can support new smart secure IoT applications linked to cryptocurrencies and blockchains, themselves the “biggest change to financial services in recent memory. MULTOS allows us to deliver robust, highly secure technology solutions for green energy projects enabling wider adoption of cleaner, more sustainable energy”.
Paul Wilson, Commercial Manager of the MULTOS Consortium, comments “This is a really fantastic and well deserved achievement for Trusted Renewables Limited. Their decision to design-in the highly secure and widely trusted MULTOS technology has allowed them to leverage core MULTOS technology benefits; security, flexibility, ease of development, and efficient device management. Their pioneering design is truly market leading with multiple business benefits. The MULTOS community is proud to be a part of technical innovations, particularly in clean energy solutions and wishes Trusted Renewables success with their deployments”.
About Trusted Renewables:
Trusted Renewables Ltd was founded in 2008 as a private spin out from BT Laboratories. The team of experienced R&D professionals provide thought leadership on the application of ICT to smart energy and renewables, and has extensive knowledge of E- and M-commerce along with M2M, wireless and 2G - 5G mobile telecoms supporting converged services and IoT.
The company has patented the use of a smart card platform embedded in solar panels and wind/water turbines, and is currently focussed on combining this with disruptive emerging technologies such as blockchains, cryptocurrencies and distributed ledgers. This includes exploring solutions which provide the trusted root for new kinds of secure energy transactions such as topping up and spending “green bitcoins” held in an e-wallet.
For further information, visit www.trustedrenewables.com
MULTOS is the most robust, industry-backed high security smart card platform, delivering simplicity and innovation to the world’s leading card and e-passport issuers. With a figure in excess of 1 billion issued smart cards and smart devices across more than 50 countries, thousands of issuers, including national governments, banks, corporate enterprises and transit authorities have taken advantage of the high security, multi-application platform for their deployment programmes. A wide range of applications including, EMV payment, contactless payment, authentication, digital identity, biometrics, loyalty and mass-transit ticketing, and connected smart devices may implemented, and co-reside, using a MULTOS powered chip. For further information, visit http://www.multos.com
Contact: Natsuko Callan