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Market Research Report

Blockchain for Energy 2018: Companies & Applications for Distributed Ledger Technologies on the Grid

Published by Greentech Media Inc. Product code 610189
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Blockchain for Energy 2018: Companies & Applications for Distributed Ledger Technologies on the Grid
Published: November 8, 2018 Content info:

Report summary:

This report provides research on how blockchain works in energy, the investment and vendor landscape, and a regional analysis of currently deployed pilot projects across the globe.

Blockchain is an immutable distributed ledger that verifies and records peer-to-peer transactions without a central authority. It promises more efficient transactions with lower costs based on disintermediation of identity verification. While it has been around since 2009, 2017 marked a turning point in global recognition for its potential applications.

The first blockchain in energy transaction took place in April 2016 in Brooklyn, New York. Today, less than two years later, there are 122 organizations involved in blockchain technology and 40 deployed projects. Between Q2 2017 and Q1 2018, over $300 million was invested in the blockchain in energy industry.

Our Power & Renewables reports and data provide deep insight into the current and future state of electricity generation.

About the Analyst:

Analyst, Grid Edge.

Colleen Metelitsa is a Grid Edge Analyst with GTM Research specializing in microgrids. Prior to GTM, Colleen earned her MPA in Energy Finance and Policy from Columbia University's School of International and Public Affairs. During her Master's program, she worked with the NY Green Bank, GE Ventures, and the Massachusetts Water Resources Authority (MWRA) on topics ranging from applications of blockchain in energy to the commercial deployment of energy storage technologies. She was previously a Consultant in DNV GL's energy practice, where she worked with utilities and the U.S. Department of Energy on impact evaluations of demand response, energy efficiency, and renewable energy programs. Colleen holds an AB in Environmental Policy from Princeton University.

Table of Contents

Table of Contents

  • 1. Introduction and Key Takeaways
  • 2. Blockchain in Energy 101
  • 3. How the Technology Works
  • 4. Investment
  • 5. Vendor Landscape
  • 6. Deployed Grid Edge Energy Projects
  • 7. Conclusion
  • 8. Appendix

List of Figures

  • Number of Blockchain Energy Companies by Headquarter Locations
  • Funds Raised by Type of Funding Mechanism
  • Funds Raised, Q2 2017 -- February 15, 2018
  • Utility Technology Adoption*
  • Execution of Energy Trading via Blockchain
  • Advantages and Disadvantages of Blockchain Technology in the Energy Sector
  • Consensus Protocol Distinctions
  • Example Blockchain Tokens and Associated Value
  • Execution of Smart Contracts on Blockchain
  • Investments in Blockchain in Energy Organizations (USD Millions)*
  • Number of Investments in Blockchain in Energy Organizations
  • Blockchain ICO Investments, Q2 2017-Q1 2018
  • Details on Blockchain-in-Energy Consortia
  • Utility Investments in Blockchain in Energy Organizations (Q2 2017 -- Q1 2018)
  • Blockchain Architecture Comprises Various Layers
  • Blockchain Taxonomy
  • Blockchain-as-a-Service Companies
  • Organization's Primary Blockchain Use Case (n=94)
  • Year Founded by Primary Blockchain Application
  • Anatomy of a Blockchain Project
  • Planned and Deployed Projects by Country and Use Case, Q2 2016-Q4 2018
  • Deployed Projects by Blockchain Infrastructure
  • Planned Projects by Blockchain Infrastructure
  • Blockchain in Energy Companies that Have Running Pilot and Raised Over $5 Million
  • Projects Deployed by Application Developer and Use Case,* Q2 2016-Q1 2018
  • Projects Deployed and Announced, Q2 2016-Q4 2018
  • Europe: Deployed and Planned Blockchain-in- Energy Projects, Q2 2016-Q4 2018
  • North America: Deployed and Planned Blockchain-in-Energy Projects, Q2 2016-Q4 2018
  • Number of Australian and New Zealand Projects Deployed and Planned, Q2 2016-Q4 2018
  • Number of Asian Projects Deployed and Planned, Q2 2016-Q4 2018
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