Environment & Energy Report

PG&E and Exelon Jump on Blockchain for Renewables, Electric Cars

May 3, 2018, 11:01 AM

Pacific Gas and Electric Corp., Exelon Corp., and a few other large U.S. utilities see blockchain as a disruptor on the horizon, but instead of resisting they are exploring ways to embrace it, especially as a tool to address rising demand for renewable energy and electric vehicles.

Utilities are paying attention to how companies are using blockchain because the technology—a secure digital transaction ledger—has the potential to help decentralize and modernize the electric power system, possibly upending major utilities’ longstanding business models.

“PG&E views blockchain as a technology that, while still very nascent, could significantly impact the energy industry,” Lydia...

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