Australian
Power Ledger is championing the new, middleman-less P2P energy trading model by organizing local communities into the so-called “microgrids” essentially local power grids almost fully autonomous and independent of the national electricity grid.
Another company doing this is Grid+, a US startup that has developed an Ethereum-powered blockchain platform that allows consumers to cut out the energy retailer and buy energy directly from producers.
#2. WePower: Selling Renewable Energy to Corporates
Whereas many energy and tech companies have been generating their own renewable energy, the majority typically buy their renewable energy from a renewable producer through a formal Power Purchase Agreement (PPA).
5 Blockchain Startups Disrupting The Energy Sector By Alex Kimani - Mar 04, 2021, 5:00 PM CST
Despite its enormous potential to transform the global energy sector, blockchain technology has largely remained confined to the financial sector, with the energy industry consistently catalyzed by innovations in sub-sectors such as rooftop solar, offshore wind, smart metering, battery storage, and electric vehicles.
But this is now beginning to change thanks to the Enterprise Ethereum blockchain emerging as the newest technology to spur growth in the energy sector across a raft of verticals from peer-to-peer (P2P) energy trading and smart contracts to green energy provenance and systems interoperability.