article thumbnail

Blockchain: Opening doors in the energy sector

Renewable Energy World

Blockchain is most commonly known as the technology that underpins cryptocurrencies, the most well-known of which is Bitcoin. In a 2018 article, Deloitte forecasted that blockchain will serve as the ‘underlying backbone’ of the energy sector’s transactional infrastructure. What is blockchain?

article thumbnail

Demand response proves more profitable than Bitcoin mining in Texas

Smart Energy International

Bitcoin miner Riot Blockchain earned estimated power credits of $9.5 million for demand reduction from ERCOT in July. In its July production and operation update, Riot Blockchain, one of the largest US Bitcoin miners, reported mining 318 Bitcoins in July – a decrease of approximately 21%. Have you read?

Demand 97
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Indian blockchain startup Voltreum – new kid on the P2P block

Smart Energy International

Pune, India-based Voltreum is set to launch its Volt-X blockchain-based peer-to-peer energy trading application. The company, which has been in development over the past year, has stated its goal as addressing “two of the most critical problems affecting humankind – increasing energy demand and climate change”. Have you read?

article thumbnail

New Hampshire statewide blockchain energy plan recommended

Smart Energy International

A commission on cryptocurrencies and digital assets has called for a legal regime to establish New Hampshire, United States, as a leading blockchain and crypto mining jurisdiction. Have you read?

article thumbnail

Accelerating energy transition by forming virtual power plants on blockchain

Renewable Energy World

Indeed, technological advances such as Blockchain technology are key enablers to form VPPs and facilitate the orchestration of a diverse set of DER assets. On the other hand, integrating behind-the-meter demand flexibility resources into the grid accelerates the transition to a carbon-free energy grid. Increase in DER integration.

article thumbnail

Energy blockchain startup FlexiDAO secures Google and Microsoft backing

Smart Energy International

FlexiDAO, a Spanish-Dutch startup, is a renewables matching and certification platform built on the blockchain for 24/7 electricity and carbon tracking. First blockchain platform for green hydrogen tracking developed Blockchain in Europe’s energy sector – policy and regulation. Sign up to our newsletter and stay informed.

article thumbnail

Blockchain 24/7 carbon-free energy traceability for corporates

Smart Energy International

European blockchain start-up FlexiDAO’s energy traceability solution is to be offered in conjunction with Altenex Energy’s Insights. Blockchain renewables certification scheme launched in Uruguay Blockchain energy consumption should be transparent in Europe – a call. Sign up to our newsletter and stay informed.