The US-based peer-to-peer energy trading platform LO3 has revealed it has secured “major investments” from Shell Ventures and the Sumitomo Corporation Group.
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National Grid Electricity System Operator, SP Energy Networks and UK Power Networks have teamed up with Electron to build a “first-of-a-kind” register for generation and storage assets based around blockchain technology.
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Utility Week, in association with Wipro, asked utility technology leaders about their strategic vision and the role key technology fields will play in the future of their organisations.
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Technology firm Verv has announced it has raised over £6.5 million in its series A funding round led by environmental fund Earthworm.
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Ovo Energy, the UK’s seventh largest energy supplier, has made its first investment since Mitsubishi Corporation acquired a minority stake in the company last month.
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British Gas has joined a live blockchain trial involving customers living in social housing in Hackney, London.
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"Blockchain, with its ability to track provenance and have one version of the truth, is highly suited to certificate tracking"
Opinion
The former vice-president of Tesla EMEA (Europe, Middle East and Africa), Ben Hill, has been appointed commercial and technical adviser of energy storage specialists, Solo Energy.
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Water and energy utilities face a radical shake-up, as forces such as climate change and shifts in consumer behaviour drive them to find new and innovative ways of operating. Alongside this, new technologies are being brought into the mainstream. Companies can choose to either capitalise on the benefits of these or get left behind.
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The renewable energy company has teamed up with the blockchain platform Energi Mine whose Energi tokens can be put towards energy bills, used to claim discounts on electric vehicle charging or exchanged for cash.
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