energy News

Bitcoin and crypto mining are said to be energy-intensive processors. However, new studies discover that mining is not as energy-demanding as asserted.

How do you secure a blockchain without harming the environment? It’s a question developers have grappled with since the Bitcoin genesis block was mined in 2009, and over the years a slew of alternative consensus mechanisms have come to the…

GuildOne has partnered with Blockchain for Energy to pilot the first blockchain-based Integrated Joint Venture Management (IJVM) platform. Moving Power to Blockchain According to a Ledger Insights report published on June 3, oil and gas technology firm GuildOne has joined…

Power Ledger (POWR), an Australian blockchain-powered energy trading firm founded in 2016, has conducted a solar energy trading trial in collaboration with the Australian government and found out that distributed ledger technology (DLT) based P2P energy trading helps consumers slash…

BunkerTrace has announced the successful pilot of its unique blockchain that tracks fuel across the supply chain. The network is now live for commercial subscriptions, and companies and marine companies are jumping onto the bandwagon, as reported by AJOT, October…

According to a press release, August 25, researchers from the University of Waterloo have developed an open system based on blockchain to mitigate trust issues in electric charging stations trades. The platform allows users to check whether they have been…

According to an announcement made on July 10, 2019, American energy-focused blockchain firm LO3 Energy has raised investments from Shell and Sumitomo Corporation for the commercialization of a blockchain-based community energy platform. LO3 is Looks to Scale Brooklyn firm LO3…

Marubeni Corporation, the fifth largest Japanese sogo shosha trading in a vast array of products and materials, has joined forces with LO3 Energy, a United States-based firm that claims to develop distributed ledger technology (DLT) powered energy solutions. The collaboration will…

The United States Department of Energy has announced on January 7, 2018, that it has allocated $4.8 million dedicated specifically to research and development of four areas of which Cybersecure Sensors for Fossil Power Generation includes the application of blockchain.  DOE Plans…

VAKT, a blockchain-based consortium formed by leading oil and energy sector companies announced the launch of its commodity post-trade management platform through a press release dated November 29, 2018. The launch entails the birth of the world’s first enterprise-grade DLT…

Paraguay’s hydroelectric powered-towns, long associated as dugouts for drug cartels, smuggling, and ammunition rackets, are now home to miners connected in a sophisticated network circuitry to mine cryptocurrencies for their owners. Giving Rise to Meaningful Industry In the city of…

WePower (WPR), a blockchain-based green energy trading platform, has collaborated with Elering, Estonia’s energy transmission firm, to tokenize a year’s worth of the nation’s grid data, in a first of its kind operation for the country’s energy sector, according to…

Climate change due to out-of-control carbon dioxide emissions has been a tangible threat for several years now. A study by the International Energy Agency in 2018 showed that CO2 levels around the world had increased by roughly 1.5 percent in…

Concerns regarding the carbon footprint of the cryptocurrency mining industry continue to grow after it came to light that the power required to run the Bitcoin network exceeded that power consumption of entire countries. However, in an exciting turn of…

Rockdale, a town in central Texas, has made headlines due to plans of converting their town from mining coal, into mining bitcoin according to local reports on July 20, 2018. Bitmain Invades, Again In a post-industrial society, many areas that…

With changing times, the energy sector is no more at the mercy of mega-corporations whose main agenda is to maximize profits at any cost irrespective of what is foregone. As consumer behavior is changing and awareness about environmental issues is…