15 Firms Leading the Way on Energy Blockchain, Greentech Media
More companies will most likely have launched by the time you read this.
A growing number of companies are developing blockchain for the energy industry.
This week a South African blockchain startup called Zon Exchange raised $1.6 million ter seed funding to launch a solar power crowdsale toneel. It is hardly unique, tho’.
Latest weeks have seen fresh blockchain-based energy hopefuls cropping up like mushrooms after the rain. Here are 15 of the top names making headlines.
Conjoule offers a blockchain podium designed to support peer-to-peer trading of energy among rooftop PV owners and interested public-sector or corporate buyers. The company wasgoed hatched ter Innogy&rsquo,s Innovation Hub te 2015 and pulled te $Five.Trio million te funding from Tokyo Electrified Power Company and others te July. Conjoule has bot running a pilot ter Germany for the past year.
Seattle-based Drift is leveraging distributed ledger technology, machine learning and high-frequency trading to create a differentiated competitive retail energy provider. It raised $Two.1 million ter May and is presently operating ter Fresh York City.
Greeneum exposed this month it is running test nets and pilots for its peer-to-peer energy trading toneel &ldquo,te Europe, Cyprus, Israel, Africa and the U.S.&rdquo, It expects to have a viable product verhoging out by mid-2018.
UPDATE: GTM originally reported that Greeneum is being developed by the same team spil SolarCoin, which is incorrect. On October 25, the SolarCoin Foundation issued a statement clarifying that Greeneum is a stand-alone project and that none of SolarCoin’s founders “has a role or formal skill of the project specifics.” Previous statements suggested otherwise.
Te one of the most hotly hyped launches ter the energy blockchain world, Grid+ last month raised $29 million through its token pre-sale, which will fund the development and launch of its blockchain-based competitive retail provider te Texas. The hype wasgoed partly a result of Grid+&rsquo,s origins: It wasgoed created by top Fresh York blockchain shop ConsenSys.
UPDATE: Initial reports showcase that Grid+ raised $40 million through its token pre-sale. However, the rock-hard said it actually raised $29 million from the pre-sale, which amounts to 36,422,909 GRID tokens. GTM has updated this story to reflect the keurig dollar amount.
Grid+ acknowledged it made some errors ter its pre-sale calculations, but they had no bearing on the total dollar amount raised. With the pre-sale finish, that leaves 53,577,091 GRID tokens for sale ter Grid+’s public token sale taking place October 30.
Grid Singularity is an Austrian startup developing a blockchain purpose-built for the energy industry, backed by a team of experienced energy market professionals and leading blockchain and wise contract developers, according to its webstek (see also: Energy Web Foundation).
U.K. startup Electron began with a blockchain-based solution to help customers ter the U.K. switch energy suppliers, but has since bot communicating a vision of leveraging its toneelpodium to support broader energy trading and grid-balancing solutions. Last month, with help from Siemens and National Grid, it won U.K. government support to scale up its podium.
Established te February by Grid Singularity and the Rocky Mountain Institute, Energy Web Foundation is not so much a startup spil an alliance assets aimed at introducing an open-source blockchain designed for the electric current market, identifying use cases and helping build an ecosystem of participants. Big-name energy firms pumped $Two.Five million into the foundation ter May.
While most energy-based blockchain players suggest a token for trading, Manhattan Beach, California-based ImpactPPA has two: one to fund projects and one to consume energy. The company is targeting the estimated 16 procent of the world population that lacks a reliable source of energy.
Spil well spil backing Electron te the U.K., Siemens last year announced a tie-up with Fresh York peer-to-peer blockchain developer LO3 Energy. The promising startup this month pulled ter an unspecified amount of funding from Braemar Energy Ventures and Centrica Innovations.
MyBit is designed to help crowdfund solar panels by distributing the ownership of each system across several owners. The company raised the omschrijving of around $Two.7 million ter a token sale te August.
Australia&rsquo,s starlet energy blockchain player, Power Ledger, had pulled ter more than $24 million from around 15,000 volgers by the time it ended a token generation event earlier this month. The company is rolling out pilot projects for its blockchain podium, built to support a broad range of energy market applications, ter Australia and Fresh Zealand.
SolarCoin wasgoed launched te 2014 spil a prizes program for solar electrical play generation, with one of its coins equaling a megawatt-hour of production. The scheme is set to prize 97,500 terawatt-hours of generation overheen 40 years, but for now its value remains low.
Zon Exchange&rsquo,s motto is &ldquo,solar-powered money.&rdquo, Founded by U.K. utility-scale solar pioneer Abraham Cambridge, the company aims to let volgers around the world crowdfund PV down to the level of an individual solar cell and lease them to schools and businesses te Africa. The company’s marketplace is focused on funding and building fresh generation systems, rather than trading power. Zon Exchange has bot operational for several years and has successfully funded four solar projects. The company recently raised $1.6 million ter seed funding, which will go towards expanding its business and global capabilities.
UPDATE: An earlier version of this article stated that Zon Exchange is a “peer-to-peer solar energy trading verhoging.” This entry wasgoed updated to clarify that Zon Exchange does not trade power, and is focused instead on funding fresh solar projects.
Veridium is a financial technology stiff aiming to create a fresh asset class called &ldquo,EcoSmart Commodities.&rdquo, &ldquo,Veridium will provide a fresh voertuig for corporations to embed environmental replacements into the cost of their products,&rdquo, co-founder Todd Lemons told GTM.
WePower is developing an Ethereum-based verhoging to fund renewable energy projects through the sale and trading of the &ldquo,tokenized&rdquo, energy produced by those systems. The company is looking to raise $30 million from an ICO next month.