Centrica

Using a blockchain-based energy trading system, the company seeks to examine ways to bill customers in the best manner for them and prosumers. In light of the potential removal of export tariffs for small scale solar in the UK, the system could provide alternative remuneration for system owners. The trial will run for six months, with the possibility of extending it to two years.

More than 100 free storage systems will given to residential and commercial users to maximize utilization rates of storage systems while reducing costs for grid operators. The algorithms behind the technology would improve the supply situation and shave peak demand.

The British energy and services company’s acquisition of the C&I solar contractor is the latest among a number of moves it has made into solar and batteries.

In a bid to exploit their Solar PV potential, R&D centres at Centrica have developed a battery capable of storing energy for use to boost solar capabilities of council over energy distribution.

Ten energy companies from nine nations have joined forces to provide $2.5 million support for the Energy Web Foundation (EWF), a global non-profit organization focused on accelerating blockchain technology across the energy sector.