Analyst Insight: Vehicle-to-Grid Powered by Blockchain

Since 2012, Guidehouse Insights has tracked 504 total energy blockchain projects and 304 unique vendors. Of those 504 projects, 10% have employed blockchain technology for EV charging (EVC), which is the sixth most common use case. Transactive energy remains the top use case, with Certificates of Origin projects close behind. In the past two-to-three years, the number of vehicle-to-grid (V2G) projects among the EVC projects has increased.

A V2G project—often part of a virtual power plant or a cutting-edge flexibility solution—supports EV batteries acting as energy storage systems that can feed energy back into the grid. Blockchain can offer multiple benefits to V2G projects. The market remains nascent, but a few vendors and projects stand out and could lead the way to broader adoption. Leveraging findings from the Energy Blockchain Vendor and Deployment Tracker, this report focuses on blockchain-enabled V2G projects and their market prospects. It also covers a broader view of the EVC blockchain market.

The 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.