Advanced Transactive Energy Companies - Additional Companies

Part
01
of one
Part
01

Advanced Transactive Energy Companies - Additional Companies.

Power Ledger, Energi Mine, Conjoule, Drift, Greeneum, Grid Singularity, ImpactPPA, MyBit, SolarCoin and Sun Exchange are some of the most advanced transactive energy companies in terms of commercialization, completed pilots, and developed technology capabilities.

POWER LEDGER

  • The company website can be accessed here.
  • Power Ledger, a startup in Australia which has raised AUD$34 million (equivalent to $26 million) in an ICO, builds platforms to enable commercial operation of microgrids in India and Thailand, and two commercial buildings in West Australia.
  • It also launched a 200-customer trial microgrid with power retailer Origin Energy in Sydney.

ENERGI MINE

  • The company website can be accessed here.
  • Energi Mine, a UK-based startup, has created a blockchain-based platform to reward energy-saving users with tokens for their customers.
  • These tokens can be used to pay their energy bills or charge their electric vehicles with them.

CONJOULE

  • The company website can be accessed here.
  • Conjoule “offers a blockchain platform designed to support peer-to-peer trading of energy among rooftop PV owners and interested public-sector or corporate buyers.” The company has received funding from Tokyo Electric Power Company and has been running a pilot in Germany for the past year.
  • The investment will also allow Conjoule to increase its technical team and launch its platform commercially across Europe.

DRIFT

  • The company website can be accessed here.
  • Drift is “leveraging distributed ledger technology, machine learning, and high-frequency trading to create a differentiated competitive retail energy provider.”
  • Drift is a Seattle-based company who has been officially launched in New York City as an energy services company. The company pursues residential and small commercial customers and is also working with generators to build out the supply side of its platform.

GREENEUM

  • The company website can be accessed here.
  • Greeneum has been running test nets and pilots for its peer-to-peer energy trading platform in Europe, Cyprus, Israel, Africa, and the U.S. and expects to have a viable product platform out by mid-2018.

GRID SINGULARITY

  • The company website can be accessed here.
  • Rocky Mountain Institute and Grid Singularity, an Austria-based blockchain technology developer have formed the Energy Web Foundation (EWF) which is a nonprofit foundation with the aim to emancipate the blockchain technology potential in the energy sector.
  • The company has its pilots running with “small-scale rooftop solar customers exchanging green attributes of power in places like New York City and Australia.”

IMPACTPPA

  • The company website can be accessed here.
  • ImpactPPA is a blockchain-based technology platform that allows its consumers of energy to “Pre-Pay” for electricity from a mobile device. “ImpactPPA uses the power of the blockchain to provide a payment rail for investors, project developers, service providers, governments, utility companies and others driven from a trusted and transparent platform.”

MYBIT

  • The company website can be accessed here.
  • MyBit is designed to help crowdfund solar panels by distributing the ownership of each system across several owners.
  • MyBit also "allows anyone to finance and build the blockchain-powered products that will revolutionize and disrupt transaction-based industries".

SOLARCOIN

  • The company website can be accessed here.
  • SolarCoin is a rewards program for solar electricity generation launched in 2014, with one of its coins equaling a megawatt-hour of production. “The scheme is set to reward 97,500 terawatt-hours of generation over 40 years, but for now its value remains low.”

SUN EXCHANGE

  • The company website can be accessed here.
  • Sun Exchange aims to let their "supporters around the world crowdfund PV down to the level of an individual solar cell and lease them to schools and businesses in Africa. The company's marketplace is focused on building and funding new generation systems, rather than power trading".
  • The company has successfully funded 4 solar projects and has been operational for several years.

RESEARCH STRATEGY:

We scoured information regarding the transactive energy companies through industry reports and industry blogs such as Power Technology and Greentech Media and found directly available lists of the most advanced transactive energy companies which include companies like Electron, LO3 Energy, Peak Power Systems, and Grid+. Therefore, these lists have been considered as the base of the research.

We then corroborated the identified list with other media publications and scholarly reports like ScienceDirect and Disruptor DailyThese sources talk about blockchain technology in the energy sector and the 40+ startups using blockchain to transform energy which covers the list identified. After a thorough review, we carefully selected the list of companies as the most advanced transactive energy companies in terms of commercialization, completed pilots and developed technology capabilities.

In classifying the companies as the most advanced transactive energy companies, we have selected the ones that talks about the early adopters of new technology, industry disruptors, and the ones considered to be leading the way on energy blockchain among others. To classify them in terms of commercialization, completed pilots, and developed technology capabilities, we have checked the company profiles on their respective company website. Additionally, we have chosen the latest articles to identify the list and corroborate the same to show the current existence and the relevance as we provide the list of the most advanced transactive energy companies in terms of the above-mentioned capabilities.

Sources
Sources