Wayne Hicks at NREL describes research that’s created a virtual blockchain “prosumer” accounting system that replicates a live utility-scale grid. The goal of a real-world application is to allow countless individual households with their own electricity storage and generation to buy and sell power to each other; a truly revolutionary pathway. Clearly, it will require a system that securely accounts for vast amounts of transactions - a big enough … [Read more...]
Is Blockchain a disruptor? Or the solution to an already-disrupted energy sector
The global energy sector is already facing multiple, concurrent disruptions that are fundamentally transforming electricity markets around the world: digitalisation, decarbonisation, decentralisation, and electric mobility. It’s creating residential prosumers, with their solar panels, electric vehicles, smart thermostats (the list is growing) and a predicted global installed distributed energy resources (DERs) capacity of 530 GW by 2026, … [Read more...]
Five similar Climate Resolutions for BP, ExxonMobil, Chevron, Equinor, and Shell
In 2019, five oil and gas companies face five similar climate resolutions requesting to set Paris-aligned long-term targets for operations and products. This briefing serves to provide you with an overview of these five resolutions and Follow This' considerations to withdraw resolutions. Shareholder Resolution at the 2019 AGM of BP plc, Royal Dutch Shell plc, and Equinor ASA (“the company”) Shareholders request the … [Read more...]
Energy majors grab blockchain “multi, multi-billion dollar opportunity”
Blockchain is being used to optimise performance across the board where wholesale digitalisation of trading processes, asset management and demand response is standard. Its adoption by sector operators is clearly visible but is everyone jumping on an untested bandwagon for fear of missing out or will its wide range of possible applications help deliver a leaner industry resulting in reduced costs and a more efficient transition? Gaurav Sharma … [Read more...]
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