Top 10 energy companies using blockchain technology
The French energy giant has spent over EUR 1.5 billion on its digital transformation over the past decade, and is at the forefront of blockchain technologies. One way this is done is by managing energy transactions, including supply, distribution and consumption. The company also uses blockchain technology in renewable energy certificate (REC) trading, peer-to-peer energy trading and EV charging.
Backed by Japan’s Marubeni, WePower is an Australian blockchain company that facilitates a direct connection between green energy providers and energy buyers, such as investors and end-users, allowing them to purchase energy in advance at discounted prices. To achieve this, the firm has created Ethereum Smart Energy contract tokens, which are sold through the e-commerce platform. The tokens are intended to streamline and standardize renewable energy, allowing companies to buy the exact amount they need, while selling any excess capacity.
The Australian company, focused on software and technology, is committed to increasing the availability of renewable energy. In April 2020, the company partnered with ekWateur, a renewable energy provider in France, to establish a blockchain energy trading platform that allows users to choose their preferred energy source in France. In addition, in 2021, Powerledger upgraded its energy blockchain technology by transferring its platform from Ethereum to the more energy-efficient Solana, which enables faster transaction processing and higher throughput.
SunContract is a P2P energy trading platform that uses blockchain technology to enable the buying and selling of renewable energy. With over 5,000 registered customers in Slovenia, the platform is tailored to the needs of environmentally conscious consumers. SunContract’s goal is to create a Global Energy Sharing and Trading Marketplace (GEM), which eliminates intermediaries and enables customers to interact directly with each other. This provides greater self-sufficiency in energy and facilitates the growth of a more sustainable energy economy.
The Iberdrola group has launched a blockchain-based pilot project that ensures real-time verification of the renewable nature of energy that is delivered and consumed. Through this technology, the company has successfully connected power generation facilities to specific points of consumption, enabling complete traceability of the energy source. This approach promotes transparency and encourages the use of renewable energy.
