24 Jul '17, 12pm

New Startups Fuel Growth in the Energy Blockchain Ecosystem

Tokyo Electric Power Company (TEPCO) has cemented its interest in blockchain technologies with a major stake in peer-to-peer energy trading platform developer Conjoule. The Japanese utility giant pumped €3 million ($3.5 million) into the German startup as part of a €4.5 million ($5.3 million) Series A funding round alongside German energy company Innogy SE. Innogy had been incubating Conjoule within its Innovation Hub division since late 2015, after one of the Hub’s staffers, Conjoule’s Co-Founder and Managing Director Sam Warburton, came up with the idea for the renewable energy peer-to-peer marketplace. “Using blockchain technology, the Conjoule team are [sic] building one of the most exciting technology developments to enable new transactional models in energy,” said TEPCO in a press release . The investment, which should allow Conjoule to increase its technical team an...

Full article: https://www.greentechmedia.com/articles/read/new-entrants...

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