YPF Luz tokenises US$800m in PPAs with blockchain platform

YPF Luz has launched ENERTOKEN, a blockchain-based platform developed in partnership with Justoken, to digitalise electricity contracting and management in Argentina. Backed by US$800 million in signed contracts, the initiative aims to expand YPF Luz's renewable energy customer base tenfold by enabling digital power purchase agreements (PPAs) via blockchain. The platform targets customers with contracted demand starting from 30 kW, including service stations, industrial parks, hotels, and bank branches. ENERTOKEN enables companies to contract renewable energy and thermal power through a fully digital process.

Counterparts (3)

Partner

Justoken

company · 1 deals

Justoken is a real-world asset (RWA) tokenization platform that transforms commodities, energy, and natural resources into financial digital assets. They provide an end-to-end infrastructure for tokenizing, monitoring, trading, and financing real-world assets, focusing on reducing risk and lowering transaction costs through blockchain and AI.

Other

Ripple (XRP Ledger)

company · 1 deals

Ripple is a financial technology company providing crypto solutions for businesses. They enable global financial institutions, businesses, governments, and developers to store, move, and exchange value, aiming to unlock greater economic opportunity.

Developer

YPF Luz

company · 1 deals

YPF Luz is a renewable energy company focused on developing and operating solar and wind power projects in Argentina and Latin America. The company aims to contribute to the region's energy transition and reduce carbon emissions.