Blockchain 

Blockchain Energy Startup Power Ledger Extends P2P Power Trading Trial

Energy-focused blockchain startup Power Ledger has extended its peer-to-peer (P2P) energy trading trial into its next phase in the Australian city of Fremantle. In a press release shared with Cointelegraph on Aug. 21, Power Ledger revealed the continuation of its p2p solar power trading trial aimed at tracking rooftop solar energy traded between households in Fremantle. The households participating in the project can set their own energy prices in the market. ‘50,000 transactions per month’ The testing — which is a collaborative effort between Power Ledger, Curtin University, energy generating…

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Blockchain 

Power Ledger and KEPCO Complete Blockchain Energy Trade Trial in Japan

Australian energy technology company Power Ledger and Japanese Kansai Electric Power Co. (KEPCO) have completed a joint trial of a blockchain-based system for post-FIT (feed-in tariff) surplus power in Osaka. P2P transaction of surplus power In an announcement published on Aug. 12, Power Ledger revealed the test completion of a peer-to-peer system demonstrating benefits for post-FIT surplus power in the Japanese city of Osaka. The system purportedly enabled KEPCO to conduct a p2p transaction of surplus power autonomously and automatically, which included settlements with digital currency. Fumiaki Ishida, KEPCO representative…

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Blockchain 

Congressional Research Service Examines Blockchain in Energy Sector

The Congressional Research Service has released a report that examines, among other things, the potential advantages and disadvantages of pursuing blockchain-based solutions for the energy sector. The Congressional Research Service released their findings in a report on Aug. 9, entitled “Bitcoin, Blockchain, and the Energy Sector.” In its report, the research group noted that launching a blockchain solution which allows consumers to purchase energy services within a distributed system, in particular, could make for an energy system that is more transparent, efficient and flexible for the consumer. However, releasing such…

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Blockchain 

US DOE Dedicates $1.05 Mil to Blockchain Energy Management Platform

The United States Department of Energy (DOE) has awarded a grant worth $1.05 million to organizations working to commercialize a blockchain-based energy transaction platform. From energy management to energy exchange The news comes from an August 9 press release shared by energy company ComEd, one of the grant’s four reported recipient organizations. The others are the University of Denver, Virginia Tech and BEM Controls, a company specializing in energy management software.  The new project is reportedly a continuation of BEM Controls’ existing DOE-funded work on software to enhance energy efficiency…

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Blockchain 

Energy Company E.ON Files Blockchain Patent for Data Analytics Device

Energy network company E.ON has filed a patent application for a blockchain-based data collector with the European Patent Office.  E.ON announced the patent filing on the company’s website on July 19. As per the announcement, the device in question makes use of sensors to collect user data, which the user can then choose to sell as data analytics. According to the announcement, users supply data from smart home applications.  E.ON claims that the customer has sole control over who accesses any given portion of their data. This includes E.ON itself,…

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Bitcoin 

Steve Wozniak Co-Founds Blockchain-Based Energy Saving Firm in Malta

Steve Wozniak, co-founder of American tech giant Apple, has invested in a new blockchain-based company headquartered in Malta. Wozniak is now the co-founder of energy efficiency company Efforce, according to a report by Maltese news daily The Malta Independent on July 18. Wozniak co-founded the company alongside Jacopo Visetti, who — according to his LinkedIn profile — works in the renewable energy and environment sector. According to this page, Visetti co-founded Efforce in January, 2018 — approximately one year and seven months ago.  According Efforce’s LinkedIn page, the company provides…

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Ethereum 

Police in China Seizes 4,000 Crypto Miners After Abnormal Energy Spike

Police in China arrested 22 suspects allegedly involved in illegal crypto mining activity that led to energy loss worth of about $3 million, local media outlet XinhuaNet reports on July 12. Police in Jiangsu, China’s eastern-central coastal province, have reportedly seized 4,000 hardware units that were illegally used to mine cryptocurrency such as Bitcoin (BTC) at nine factories. According to the report, Jiangsu police launched a criminal investigation after a local power firm reported an abnormal spike in electricity consumption. After almost two months of investigation, the police in the…

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Blockchain 

Shell Invests in Blockchain-Based Energy Startup

Shell, the world’s fifth largest oil and gas firm, has invested in a blockchain-based energy startup, Forbes reports on July 10. The European oil and gas giant has invested an undisclosed amount in New York-based LO3, whose Exergy platform tracks energy with blockchain technology. The recent investment in LO3 marks Shell’s fourth public investment in blockchain-related firms, Forbes noted, listing platforms such as Vakt, Komgo, and Applied Blockchain as other portfolio blockchain companies. According to the report, Shell has an option to convert its investment in LO3’s native tokens called…

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Bitcoin 

Crypto Company Gives Individuals a Chance to Mine Bitcoin Without Sky-High Energy Bills

With demand for Bitcoin on the rise in response to soaring prices of late, attention is increasingly being turned to mining. However, the market has changed from the early days of cryptocurrency, when Bitcoin was in plentiful supply, as few knew about the opportunity and high mining rewards could be gained by individuals using a small setup at home. These days, an unhelpful combination of fierce competition, algorithmic difficulties and high maintenance costs often mean it’s economically unviable to fly solo when mining crypto. In response, a novel alternative has emerged…

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Ethereum 

Energy Used by Idle Device in the U.S. Can Power Bitcoin For 4 Years

Academic researchers at the University of Cambridge (UoC) have launched a real-time index that tracks the total electricity consumption of the Bitcoin network. The news was revealed in an announcement posted by the university’s interdisciplinary academic research institute, the Cambridge Centre for Alternative Finance (CCAF), on July 2. The now-live Index — the Cambridge Bitcoin Electricity Consumption Index, or CBECI — gives an estimate of the total annualized energy consumption of the bitcoin network, updated every thirty seconds. The researchers also provide a tool that compares BTC’s consumption levels with…

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