1Q 2024

Analyst Insight: Energy Blockchain Vendor Case Studies

Energy Blockchain Vendor and Deployment Insights

The Guidehouse Insights Energy Blockchain Vendor and Deployment Tracker provides an overview of blockchain vendors and project developments in the energy industry, including vendors, project partners and funding, project size, use cases, company status, and other project-specific data points.

Guidehouse Insights currently tracks 731 energy blockchain projects. In 1Q 2024, a total of 172 projects were added to the Tracker, led by Bangladesh and Colombia. After Europe and North America, Asia Pacific is the third-most popular blockchain region by vendor headquarters location. Project deployments globally are led by Bangladesh (16% of deployments), followed by the US (12%) and Germany (7%). As power reliability, decarbonization, and demand for innovative granular solutions increase, energy blockchain deployments are expected to accelerate.

For most use cases involving energy blockchain technology, the competitive and development landscapes remain nascent; however, a few vendors and flagship projects are helping lead the way for broader application across industry types. Leveraging insights and findings from the 1Q 2024 iteration of the Energy Blockchain Vendor and Deployment Tracker, this Analyst Insight provides an overview of the energy blockchain market from a regional, vendor, and use case perspective, focusing on forward-looking trends that inform market opportunities and potential.

Pages 16
Tables | Charts | Figures 4
  • Who are the leading energy blockchain vendors?
  • What countries and regions are key markets for energy blockchain?
  • How many blockchain-based projects exist globally?
  • What are the leading use cases for energy blockchain applications?
  • What are the main barriers to energy blockchain applications?
  • Utility companies
  • Energy technology companies
  • Smart meter vendors
  • Microgrid developers
  • Microgrid component suppliers
  • Energy storage purveyors
  • Power electronics companies
  • Microgrid and smart grid software vendors
  • Private broadband purveyors
  • C&I customers
  • VPP aggregators
  • DERMS providers
  • Distribution systems operators
  • Smart grid hardware and software providers
  • Investor community



Executive Summary

Blockchain’s Role in a Decentralized Electricity System

Market Drivers and Barriers

Market Inflection Trends

Energy Blockchain Project Deployments

Vendor Profiles

Key Recommendations

Acronyms, Resources and Contact

  • Total Energy Blockchain Projects by Region, World Markets: 2016-2023
  • Total Energy Blockchain Projects, Top 5 Countries: 1Q 2024
  • Centralized vs. Blockchain Systems
  • Market Drivers and Barriers
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