Italian energy giant launches solar panel tokenization on Algorand
Enel and wallet provider Conio’s tokenization initiative lets Italians offset energy bills via partial ownership of solar farms on Algorand.
Enel Group, an Italian green energy company, partnered with crypto wallet provider Conio to allow fractional ownership of solar panels through tokenization on the Algorand blockchain.
On Jan. 21, Algorand Foundation chief marketing officer Marc Vanlerberghe announced a partnership between Conio and Enel Group that will launch a solar-panel tokenization product in Italy.
The tokenized product will allow Italians to own a portion of Enel’s solar farms and use the generated power to offset the electricity usage of residential properties.
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Author: Arijit Sarkar
