Siemens has become the latest energy and engineering giant to throw its weight behind energy tech start-up and blockchain specialist LO3 Energy.
Digitalisation in solar and across the wider European energy market could create “vast” market opportunities and entirely new business models, a new report has found.
LO3 Energy has launched what it has labelled as a patented blockchain software and transaction system.
Verv has laid claim to launching the UK’s first energy trading community at a housing estate in Hackney.
Blockchain has received the backing of a powerful coalition of energy companies and trading houses who have announced plans to create and invest in a new venture develop a blockchain-based digital platform for energy commodities trading.
Centrica has thrown its weight behind New York-based start-up LO3 Energy, which specialises in blockchain solutions for the energy market.
Ofgem chief executive Dermot Nolan has warned traditional utilities that they could be made “redundant” in a future power market typified by change and new market entrants.
Global energy giants E.On and Enel have combined to trade power via a new blockchain-powered marketplace for the first time.
London-based energy technology start-up Electron has landed government funding to scale its proprietary blockchain energy trading platform.
An EDF-led consortium is aiming to trial a local, peer-to-peer (P2P) power trading platform enabled by blockchain as one of a number of projects Ofgem is currently discussing in the context of its Regulatory Sandbox project.
Swedish state-owned energy company Vattenfall is to collaborate with 22 other European energy trading firms to launch a blockchain-based energy trading pilot.
European solar trade association SolarPower Europe has launched a series of commitments on digitalisation, a process which it said would aid Europe’s transition to a more digitalised energy system.
Electron, a company looking to develop blockchain-based systems for the energy market, has appointed ex-npower boss Paul Massara to its board.