Energy Blockchain Cases September 2018

Global cases of application of blockchain/distributed ledger technology in the energy sector

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(Bittwatt, Robotina, Leap, and Xage Security added on 2018/09/13)

How I listed those companies…

Application of blockchain technology in the energy sector is expanding. I will categorize them in seven and list them below.

  • “blockchain” is used to mean distributed ledger technology for convenience in this article.
  • The names of leading organization(s) are listed. Wherever appropriate, project names are listed (e.g. Share&Charge).
  • For consortium, the names of leading company(s) or the name of consortium is listed. Consortium members are not listed. (e.g. EWF)
  • Every project under an organization is not listed. (e.g. 10+ projects of Power Ledger)
  • Organizations or organized projects are listed even though no product or project is confirmed. However, if it is only announcement and there is no evidence of work confirmed on the official website, it is not listed. (e.g. Qiwi Blockchain Technologies for energy project)
  • Discontinued energy blockchain projects are not listed. (e.g. Filament)
  • A company or project is not listed if I cannot confirm blockchain technology is actually used. (e.g. M-payg)
  • “(NEW)” denotes newly added items.
  • No particular order in a category

(1) Energy trading platform

This category is the most popular and has the largest number of cases. Most of those cases are designed to enable energy trading among prosumers (owners of DER, particularly solar PV) and consumers, namely peer-to-peer, or P2P trading.

(2) Crowdfunding platform for renewable energy generation plants

Those are crowdfunding-like platforms designed to build renewable energy generation plants with some variations.

(3) Renewable cryptocurrency or renewable certificate and supporting business of those

The idea is to tokenize generated renewable energy so it is tradable and works to reward clean generation, thereby incentivize toward installing more renewable energy generation facilities.

(4) Tamper-proof data recording and its application.

One of the basic function of blockchain technology is recording data and making them immutable. This function is used for recording EV charging, demand response, tracking renewable generation and others.

(5) Market brokerage, settlement, and billing

Blockchain is used in the process of market brokerage, settlement, and billing.

(6) (NEW) Payment of utility bills by Bitcoin

(7) Others

Those cases do not fall on the above categories.

A number of cases are progressing globally, but many of them are still at proof-of concept stage or even earlier. It is likely to take more time before values of blockchain technology in the energy sector become evident.

Thank you for reading and your feedback is welcome. In particular, if I miss anything in this list, please let me know at yasuhiko.ogushi@gmail.com or via LinkedIn.

Energy Business 2030

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