Centrica trials blockchain tech for energy trading in Cornwall

The project will see 200 homes and businesses use the platform to buy and sell energy from each other

UK’s ‘first blockchain energy trade’ takes place

Developers say it enables residents to benefit from local renewable energy sources and bring down their energy bills

‘Blockchain technology could save the planet’

Could a blockchain-based incentive system encourage large-scale fossil fuel divestment?

Shell and EDF join blockchain trading consortium

Shell, UK Power Networks and EDF Energy are among nine firms to have joined a new blockchain trading consortium set up by operator Electron. The businesses, which also include Baringa, Flexitricity, KiWi Power, Northern Powergrid, Open Energi and Statkraft, aim to use the platform to tackle the challenge of energy flexibility and to collaboratively design […]

EU throws its weight behind blockchain

The European Commission has launched a new initiative to explore broader uses of blockchain across various sectors. Blockchain technologies, which store blocks of information that are distributed across the network, are expected to impact digital services and business models in areas including energy, insurance, finance and healthcare. They are seen as a major breakthrough as […]

TEPCO invests in UK energy blockchain

Tokyo Electric Power Company Holdings (TEPCO) has invested in a UK-based blockchain. Electron’s blockchain technology aims to establish more efficient, flexible, and reliable systems for the energy sector. Working with TEPCO, the company will explore the potential to change existing centralised structures to decentralised systems in energy transactions by using blockchain. Paul Ellis, CEO of […]

Bitcoin energy consumption ‘could exceed US by 2019’

  As Bitcoin soars in popularity, it uses increasingly large amounts of power – its consumption has soared by 30% in the last month alone. If usage continues to grow at this rate, the network could surpass the power consumption of the USA by mid-2019 and the whole world by early 2020. That’s the suggestion […]

Blockchain energy trading hits Hackney estate

A peer-to-peer (P2P) energy trading community could soon bring cheaper energy to social housing residents in London. Machine-learning specialist Green Running’s offshoot Verv has announced the launch of what it claims is the UK’s first such network at the Banister House estate in Hackney. Its blockchain-based solution has received a grant worth more than £100,000 […]

Blockchain project to link Aussie water and power

A blockchain project in Australia is to receive more than $8 million (£4.6m) of funding to integrate a range of energy and water systems. The City of Freemantle will receive $2.6 million (£1.5m) from the government and $5.7 million (£3.3m) through project partners. It will trial how cities can use blockchain technology and data analytics […]

BP, Shell lead blockchain platform for energy trading

BP and Shell have joined forces with trading houses and banks to develop a blockchain platform for energy trading. Other members of the consortium include Gunvor, Koch Supply & Trading and Mercuria as well as ABN Amro, ING and Societe Generale. The new venture seeks to create a secure, real-time blockchain-based digital platform to manage […]