1Q 2022

Blockchain-Enabled Micropayments Support Energy Services

Globally, there is an ongoing effort to transition the electricity grid away from a centralized, top-down system to a more distributed, decentralized, and decarbonized network to provide more reliable, affordable, and sustainable electric power. Stakeholder pressure, the changing customer, and the decline in costs of distributed energy resources (DER) have perpetuated this transition and encouraged the drive to a net-zero energy future. As a result, technology solutions are emerging that aim to meet these changing conditions. Blockchain has proven to be a beneficial technology across several industries and is well-positioned to assist in the energy industry where a vast network of suppliers, buyers, market operators, regulators, and other participants must coordinate to deliver reliable and affordable power to the end customer.

Blockchain is garnering more attention in the energy industry as a tool for customers, communities, and organizations to achieve a decarbonized and decentralized energy future. Several use cases have emerged, including Certificates of Origin, Renewable Energy Credit trading, decentralized financing, asset tokenization, and pay-as-you-go solar. Blockchain’s inherent capabilities of transparency, security, immutability, and the use of smart contracts helps drive efficiencies, reduce costs, and streamline processes.

This Guidehouse Insights report provides an overview of blockchain technology and its core capabilities, describes the changing energy landscape, and explores how blockchain can be used to enable a decentralized and decarbonized future. This report also offers suggestions for how the industry can collaborate in an effort to understand the technology and its potential.

Pages 13
Tables | Charts | Figures 2
  • How can blockchain enable a decarbonized and decentralized energy future?
  • What blockchain applications exist in the energy industry to assist with DER adoption and sustainability goals?
  • What are the benefits of using blockchain?
  • What activities and pilots are occurring in the industry?
  • What actions can industry take to assist with the testing and adoption of blockchain?
  • Blockchain Vendors
  • Power Utilities
  • Regulators
  • Government Agencies
  • Blockchain Research Organizations
  • Investor Community




The Electric Grid Is Becoming More Decarbonized and Decentralized

Blockchain Can Enable a Decarbonized and Decentralized Electric Future

Certificates of Origin and REC Trading Help Track Sustainability Efforts

RECs Help Stakeholders Track Renewable Energy Goals

Decentralized Financing and DER Asset Tokenization Encourage Individual Participation

Asset Tokenization Increases Renewable Asset Development

PAYGS Models Are Aided by Blockchain

OneWattSolar’s PAYGS Model Delivers Solar Systems Without Upfront Investment

Partnerships and Pilots Can Help Make Blockchain a Reality

Stakeholders Must Embrace the Decentralized Blockchain Ecosystem

The Blockchain Industry Should Look Beyond Transactive Energy

Vendors Should Establish Partnerships to Explore Blockchain’s Opportunities and Benefits

Governments and Regulators Should Develop Regulatory Sandboxes

  • DER vs. Centralized Generation Capacity, World Markets: 2022-2031
  • Blockchain’s Role in the Decentralized Grid
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