Energy giant innogy’s International Middle East (IME) division has invested £500,000 in UK energy tech start-up Verv.
Articles tagged with: blockchain
Following on from the proof-of-concept demonstration of a blockchain-powered energy web at European Utility Week last month, the Energy Web Foundation’s Andreas Hergesell and Peter Bronski explore the technical considerations surrounding blockchain applications in the energy sector, and the importance of bridging the digital and physical worlds.
Solar panels and environmental sensors have been connected wirelessly to a blockchain-powered network in a proof of concept demonstration this morning.
Electron is to develop flexibility trading platforms in Switzerland and South Korea as the energy blockchain specialist expands its smart platform technology into international markets.
EDF Energy has completed a 2MW trade of a Capacity Market obligation (CMO) with UK Power Reserve (UKPR) utilising a digital trading platform underpinned by blockchain technology.
Centrica has powered up its local energy marketplace (LEM) trial in Cornwall, adding blockchain capabilities with the help of LO3 Energy.
Verv has completed the UK’s first energy trade using blockchain technology as part of regulator Ofgem’s Sandbox initiative to test innovative services and business models not possible under current regulation.
Case study: Blockchain technology is being put to the test in northern Europe, writes Jean-Baptiste Cornefert of sonnen.
Electron wants to create more alignment in the UK power sector, which it said is much needed if energy and flexibility trading is to realise its full potential.