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Five years ago, technologists excitedly started suggesting how to use blockchain for energy applications and a raft of start-ups followed, sporting distributed ledgers for the power sector. Today, the word "blockchain" is seldom heard in energy circles. While the hype may have been overblown, work continues instead on a quieter revolution to the one that was promised
Adapting distributed ledger technology to be better suited to the energy sector's needs could see it still play a role in the energy transition
BITCOIN BUST Excitement over cryptocurrency misled the sector to invest in the technology before it had developed sufficiently
LEDGER TECHNOLOGY Other distributed ledger technology networks, similar to blockchain, are being developed that could be better suited to the energy sector's needs
KEY QUOTE Five years ago, everyone assumed that blockchain was the answer, but I don’t think they knew what the question was ...
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Spanish utility Iberdrola is testing the use of blockchain to show customers exactly where their wind energy is produced. Francisco Hernanz, Head of Renewable Energy Management at the company, highlights the importance of innovation
Blockchain is regularly touted in the media as a tool to revolutionise business, but the jury is still out on whether it can help speed up the transition to renewables
Revolution is a big word, but it is appropriate to describe what digitalisation will do for district energy in the years to come, says Anton Koller, Head of District Energy at Danfoss. It will make it more sustainable, more customer friendly and more competitive than ever — but we need to embrace and lead the change
Data is having a major impact on our world. In energy, an influx of data is changing the roles of each player across the value chain but it needs to be gathered and processed in a suitable way to have the greatest influence. Ensuring the data is right to begin with is essential to the success of the energy transition
Case study: The breathless furore around blockchain has died down but in some ways, the technology is still supporting the energy transition. Carbon-conscious buyers and sellers can use a distributed ledger to track where the electricity they use comes from
