EDF Energy and Shell joined the Electron consortium, which is developing a blockchain based platform for energy trading. The project also includes Baringa, Flexitricity, Kiwi Power, Northern Powergrid, Open Energi, Statkraft and UK Power Networks with the support of National Grid and Siemens.
The group will jointly develop a commercialization model and an initial set of products for the commercial blockchain platform.
The global goal of the Electron project is to make the energy market more flexible. For this, energy trade should become more transparent, and infrastructure costs more efficient. These tasks will be jointly decided by the consortium of companies.