Yesterday OVO, a UK energy supplier with 1.5 million customers,
announced that it has made a minority investment in energy blockchain startup Electron through its intelligent energy unit Kaluza.
Kaluza’s funding is based on the companies’ shared vision for a distributed, flexible and zero-carbon energy system. The money will be used to speed up the development and implementation of Electron’s energy platforms and systems.
Electron is an energy technology company based in London. Founded in 2015, the firm focuses on using blockchain and energy expertise to build and design innovative digital infrastructure for the energy industry, supporting the four new market norms of decarbonization, decentralization, digitization and democratization.
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