Blockchain in Energy: Strategic Intelligence

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Blockchain is changing the energy sector by simplifying energy trading, offering peer-to-peer energy trading, increasing transparency in renewable energy, reducing trading costs, and helping to track carbon emissions.

Blockchain has narrow but defined applications
Blockchain is a method of storing information that makes it very difficult to alter the contents. This technology suits applications where data must be shared, and data integrity and traceability are paramount.
When blockchain entered the corporate arena, it received a lot of hype. While this has subsided, adoption is quietly increasing with narrow but clear industry-specific applications. In the energy sector, these include better carbon tracking, greater transparency around the provenance of renewable energy, streamlined global energy trading, and mechanisms that enable local, peer-to-peer trading between neighbors.

Blockchain strengthens clean energy traceability
Blockchain provides a shared, tamper-resistant ledger for emissions data and renewable energy attributes. Integrated with trusted metering and data oracles, which import external data onto the chain, the blockchain can provide time-stamped records linked to specific assets and transactions, improving standardization, auditability, and reporting for regulators, investors, and Scope 2 and 3 accounting.
It can also digitize and retire renewable energy certificates (RECs) and guarantees of origin (GoOs) to reduce double-counting.

Energy trading is streamlined with blockchain
Blockchain can simplify local energy trading by enabling peerto-peer exchange of surplus renewable generation via smart contracts that automate metering, purchase triggers, and settlement. This eliminates the need for intermediaries, such as banks and payment processors, reducing the associated costs.

Scope

This report provides an overview of blockchain and how it will impact the energy industry.

The report predicts how blockchain in energy will evolve, including the key challenges it will solve.

It includes selected case studies highlighting who is innovating in energy using blockchain technologies.

Key Highlights

The report covers how blockchain overcomes key challenges in the energy industry. These include emissions tracking, the complexity and costs of trading, and transparency in renewable energy.

Reasons to Buy

GlobalData’s thematic research ecosystem is a single, integrated global research platform that provides an easy-to-use framework for tracking all themes across all companies in all sectors.

This report is essential for senior executives at energy companies to understand the benefits of integrating blockchain technology into their operations.

In addition, the report identifies the leading blockchain adopters in energy, as well as specialist tech vendors in this space.

ADNOC
Blockchain 4 Energy
Chevron
CNPC
EDF
EGAT
Electron
EnBW
E.ON
Enel
Energy Web
Engie
Equinor
Flexidao
Gazprom
Gulf Energy Development
Iberdrola
LO3 Energy
Petrobras
Power Ledger
Repsol
Saudi Aramco
Shell
TotalEnergies
VAKT
Vattenfall

Table of Contents

Executive Summary

Players

Value Chain

The Impact of blockchain on Energy

Case Studies

Companies

Oil & gas sector scorecard

Power utilities sector scorecard

Glossary

Further Reading

Our Thematic Research Methodology

Report Authors

About GlobalData

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