Verv raises £6.5m to scale up smart energy hub

Its technology offers a real-time breakdown of appliances’ energy use and spend as well as enables renewable energy trading

Got an innovative solution for flexible energy trading?

The flexibility to be traded could be provided from a range of sources, including energy storage and demand side response

Electron receives second round of funding for energy platform in Korea

it will work with local partner GridWiz and Imperial College London to pilot its technology in the market

Small supplier Usio Energy ceases trading

Its 7,000 customers are being urged not to switch suppliers yet

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 […]

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 […]

New £412k project to develop online flexible power trading hub

The UK Government has granted £412,000 for a new online marketplace for local electricity flexibility trading. The hub, to be developed by Open Utility, is expected to help distribution network operators (DNOs) play an active role in managing local smart grids as the growth of distributed renewable generation, storage and electric vehicles will have a […]

E.ON and Enel conduct first blockchain trade

German power provider E.ON and Italian electric utility Enel have traded for the first time using a new blockchain marketplace. The ‘Enerchain’ platform allows trading partners to conduct deals directly with each other in seconds, rather than requiring a central intermediary as is usually needed. The firms claim a more decentralised approach to generating, buying […]

Blockchain technology ‘could boost climate action’

A new technology called blockchain could play a major role in tackling climate change. That’s the view of experts at the UN Framework Convention on Climate Change (UNFCCC), who believe the technology could be used in a number of different ways. Blockchain is a distributed database that is continuously updated and verified by its users, […]

GB Energy Supply stops trading

Around 160,000 customers are to face higher gas and electricity bills as GB Energy Supply has announced it is no longer trading. The company blamed recent rises in energy prices but insisted all customer contracts “will be honoured” and their supply will not be affected. Customers are not able to log on to GB Energy’s […]