8 June 2017
The blockchain technology challenging the energy world
As companies queue up to lend their financial support, the rise of this new innovation is unstoppable
Ten utility companies have come together to support the Energy Web Foundation (EWF) in an effort to extend the use of blockchain technology across the sector. Centrica, Elia, Engie, Sempra, Shell, SP Group, Statoil, Stedin, Tokyo Electric Power, and TWL have been brought together by the US's Rocky Mountain Institute in a move that secures $2.5m in funding for the Foundation. EWF is a partnership between Rocky Mountain Institute and blockchain technology developer Grid Singularity that aims to identify and assess promising energy-use cases for the technology and launch an energy-focused platform to provide the necessary functionalities at scale. Blockchain technology reduces transaction c
Also in this section
4 March 2025
The US and Canada are boosting capacity builds for renewable diesel and biofuels, while Central and South American countries are investing heavily to upgrade and expand their domestic refining sectors
4 March 2025
EU net-zero polices have shifted refining investment among member states, while across the region countries and companies continue to adjust to changes in trade flows caused by the war in Ukraine
4 March 2025
Gas auctions underperform, signalling a slow start to 2025 after bumper 2024
3 March 2025
The Middle East is focusing on modernisation and expansion projects, while Africa is seeking to reduce its imports of refined products
