A Handful of Vendors Are Shaping the Energy Blockchain Landscape

Blockchain is a mathematical framework for decentralized information and systems management. Since roughly 2015, startups, utilities, and technology companies have financed and deployed demonstration and pilot projects to determine whether blockchain can address pain points across the energy industry. These projects focused on a wide range of use cases, from transactive energy and peer-to-peer energy trading to supply chain management and renewable energy certificates. As the technology slowly matures, the narrative that blockchain will fundamentally disrupt the energy system is giving way to a more pragmatic vision in which blockchain makes existing processes more efficient.

This Guidehouse Insights report tracks energy blockchain project deployments, use cases, and vendor activities around the world. It covers 254 vendors, 310 projects, and more than $820 million in cumulative funding invested into energy blockchain development across five global regions. This report provides a broad and representative view of the energy blockchain market. Its content is based on project and vendor announcements and expert interviews conducted by Guidehouse Insights.