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.
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.
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.
A consortium of companies from the energy, flexibility, technology and engineering worlds has been formed in a bid to bring a flexibility trading platform to market.
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.