Doku, a leading provider of blockchain-based solutions in the energy sector, has signed a two-year contract with Rennes, a major city in France's Brittany region. The agreement is worth €70 million and will see Doku provide its innovative energy management platform to the city.
The contract marks a significant milestone for Doku as it looks to expand its presence in Europe. As part of the deal, Doku will be responsible for implementing its platform across all public buildings and utilities within Rennes. This includes everything from streetlights to water treatment plants, ensuring that the city can make informed decisions about energy consumption and efficiency.
In addition to providing energy savings, the platform will also help Rennes reduce its carbon footprint by improving the city's overall sustainability. By using Doku's technology, the city will be able to monitor and optimize its energy usage, making it more efficient and reducing emissions.
The addition of this release clause is another important aspect of the contract. It means that if Doku fails to meet certain performance targets or deliver the agreed-upon results, the city can terminate the contract early and receive compensation for any losses incurred. This ensures that both parties have a clear understanding of their obligations and helps to prevent any potential disputes or delays in the project.
Overall, the signing of this contract with Rennes is a positive development for both Doku and the city. It demonstrates the company's commitment to innovation and its ability to create value through its energy management platform. And it shows that Doku is well-positioned to take advantage of growing demand for sustainable energy solutions in Europe.