Energy

Oil Giant Shell Invests in Startup That Uses Blockchain Tech for Energy Tracking

| Daniel Palmer

A blockchain startup that says it's working to give energy consumers more choice has raised an undisclosed sum from Shell and Sumitomo Group.

US Energy Department Eyes Blockchain to Prevent Power Plant Cyberattacks

| Yogita Khatri

A U.S. Department of Energy lab is exploring blockchain technology as a line of defense against cyberattacks on power plants.

Russian Gas Giant Gazprom to Execute Business Contracts on a Blockchain

| Yogita Khatri

Russian state-owned gas giant Gazprom may soon begin using blockchain to execute and monitor contracts as part of its digitization plans.

fujitsu

Fujitsu Claims 40% Efficiency Boost for Blockchain Electricity Exchange

| Yogita Khatri

Japanese IT giant Fujitsu has developed a blockchain-based exchange system that it says produces a more stable energy supply at peak periods.

US Department of Energy to Fund Blockchain Research Projects

| Yogita Khatri

The U.S. Department of Energy is offering funding of up to $4.8 million for fossil energy research, including blockchain applications.

Shell, BP Back Blockchain Platform to Modernize Commodities Trading

| Yogita Khatri

Oil giants Shell and BP are among a group of firms planning to launch a blockchain platform to automate post-trade processes in the energy industry.

Singapore Power Unveils Blockchain Market for Renewable Energy Trading

| Yogita Khatri

Singapore's energy utilities provider has launched a blockchain-powered marketplace for trading renewable energy certificates.

Energy Firm Discloses Major Crypto Losses Amid Blockchain Rebrand

| Wolfie Zhao

A publicly owned firm chaired by a Chinese billionaire lost millions through crypto investments, yet it's still seeking to rebrand around the tech.

US Senate to Examine Energy Efficiency of Blockchain

| Nikhilesh De

The U.S. Senate will host a hearing on blockchain's energy use and whether the tech can be used to protect infrastructure next week.

Researchers Build Blockchain Electricity Exchange They Say Cuts Waste

| Wolfie Zhao

A team from one of the top universities in China has developed a decentralized exchange, not for crypto assets, but for unused electricity.