Energy News

World Energy Council, PwC survey: blockchain immature

electricity energy
The World Energy Council (WEC) in conjunction with PwC conducted 39 in-depth interviews about blockchain and energy. The Council is the UN-accredited global energy body, representing the entire energy spectrum. 85% of respondents agreed that blockchain has not yet attained a commercially tangible impact. In 2017 they estimate that $100-$300m was invested in over 100 energy-related blockchain applications. And GreenTech media suggests that 122 blockchain startups in the energy sector raised over $324 million in the past year. The focus of the report leaned towards consumer-oriented power projects.

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