Bureau Veritas :, Engie and the CEA assure the traceability of green energy thanks to blockchain

Bureau Veritas and the CEA execute the first validation of smart contracts by formal proof for the digital solution of the startup ENGIE TEO (The Energy Origin), reinforcing clients' confidence on the origin of their green energy.

Incubated by ENGIE, the internal startup TEO (The Energy Origin) allows companies and local authorities to embark on the path of green energy consumption.

The TEO solution depends upon blockchain, and more specifically upon the execution of smart contracts, irrevocable information programs that execute a number of predefined instructions.

ENGIE has partnered with Bureau Veritas and the Alternative Energies and Atomic Energy Commission (CEA), a French public research body, to conduct an audit of the solution and validate the precision of the processes and calculations generated by TEO. Bureau Veritas validated the methodology used by the CEA and verified its corresponding execution by TEO. The three partners thus demonstrated how smart contracts developed by TEO allow ENGIE clients to establish traceability of the green energy consumed.

'For ENGIE, whose ambition is to accelerate the energy transition towards carbon neutrality, this collaboration marks a further step in supporting our clients towards sustainable and environmentally friendly solution. By choosing to join forces with world-renowned expert partners, ENGIE is once again affirming its desire to integrate innovation and technology into the heart of its practices, and to respond increasingly to the need to customize customer solutions.' says Vincent Verbeke, a member of the Executive Committee of ENGIE's Global Energy Management business unit.

'Smart contracts are at the heart of many market platforms and require new verification processes. The validation of smart contracts by Bureau Veritas provides all participants in the blockchain with the assurance that they are operating in accordance with their expectations. In this innovative project, Bureau Veritas verifies the process and the result of the program's calculations using a solid methodology defined with the CEA. This is an important step in the development of this technology.' adds Thomas Daubigny, Chief Digital Officer of Bureau Veritas.

'For 20 years, the CEA-List has directed its skills towards proof and validation in service of software confidence. The need for this expertise is growing as citizens ask more from the digital systems with which they interact. The CEA-List, fulfilling its mission of transferring research to industry, has joined forces with Bureau Veritas, an expert in certification, to strengthen confidence in the blockchain technologies used by ENGIE. It is thus extending its scope to deal with new generations of distributed digital systems, the use of which is spreading very rapidly.' says Alexandre Bounouh, Director of the CEA-List Institute.

About ENGIE

Our Group is a global reference in low-carbon energy and services. Our purpose ('raison d'etre') is to act to accelerate the transition towards a carbon-neutral world, through reduced energy consumption and more environmentally friendly solutions, reconciling economic performance with a positive impact on people and the planet. We rely on our key businesses (gas, renewable energy, services) to offer competitive solutions to our customers. With our 170,000 employees, our customers, partners and stakeholders, we are a community of Imaginative Builders, committed every day to more harmonious progress.

Turnover in 2019: EUR60.1 billion. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe) and non-financial indices (DJSI World, DJSI Europe and Euronext Vigeo Eiris - World 120, Eurozone 120, Europe 120, France 20, CAC 40 Governance).

About Bureau Veritas

Bureau Veritas is a world leader in inspection, certification and laboratory testing. Founded in 1828, the Group employs over 75,000 people in more than 1,500 offices and laboratories worldwide. Bureau Veritas helps its clients improve their performance by providing innovative services and solutions to ensure that their assets, products, infrastructure and processes meet standards and regulations relating to quality, health, safety, environmental protection and social responsibility.

About CEA

Based in France, the CEA is a government research organization that runs programs in four areas: technology research for industry, low-carbon energy (nuclear and renewable), basic research (materials science and the life sciences), and defense and security.

The CEA-List, located at the CEA-Paris-Saclay and CEA-Grenoble centers, is a technological research institute of the CEA that focuses its research on intelligent digital systems. With major economic and societal stakes, its R&D programs concern artificial intelligence, the factory of the future, cyberphysical systems and digital health, and contribute to the industrial competitiveness of its partners through innovation and technology transfer. The CEA-List is a member of the Carnot Institutes network.

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