Frost Radar—Blockchain Technology in the Energy Industry

Frost Radar—Blockchain Technology in the Energy Industry

A Measurement System to Spark Companies 2 Action (C2A)—Innovation That Fuels New Deal Flow and Growth Pipelines

RELEASE DATE
13-Nov-2019
REGION
Global
Research Code: K41C-01-00-00-00
SKU: EG02027-GL-MR_23700

$4,950.00

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SKU
EG02027-GL-MR_23700

$4,950.00

$3,712.50 save 25 %

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Description

The architecture of the global energy market is changing. The market model is transforming from highly centralized power distribution into decentralized, distributed energy management enabled by intelligent software and new approaches to data management. Three trends—digitalization, decentralization, and decarbonization—are steering the transformation.

All these changes lead to the central question: how will the electricity services that are today primarily provided in a centralized, top-down manner be provided in the future?

The rising demand for faster and more secure transactions along with full transparency has made blockchain one of the fastest-growing technology markets in the world. Blockchain technology enables transparent, tamper-proof, and secure systems for different business solutions through smart contracts. Over the past few years, industry stakeholders, utilities, energy service companies, and information and communication technology companies in the energy market have taken great interest in blockchain technologies and are investing heavily in research and development related to verifying and recording finance transactions. Blockchains are primarily designed to facilitate distributed transactions by removing the central point of authority.

The potential of blockchain technology in the energy industry has just started to be realized, evident by the increasing number of blockchain start-ups involved in R&D and pilot projects. Blockchain technology here remains in its infancy but is slowly growing. Beyond 2020, the energy market is expected to witness more blockchain projects coming online.

The companies included in this Radar are LO3 Energy, Power Ledger, WePower, Grid+, Electron, Ponton, Veridium Labs, Grid Singularity, The Sun Exchange, Energy Web Foundation, Greeneum, and Prosume.

The Frost Radar reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar methodology. The document presents competitive profiles on each of the companies in the Frost Radar based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in the industry and benchmarks them across 10 criteria on the Frost Radar, where the leading companies in the industry are then positioned. Industry leaders on both the Growth and Innovation indices are recognized as best practice recipients.

Table of Contents

Industry Overview

Industry Overview (continued)

The Frost Radar

Frost Radar—Description of Companies Plotted

Electron

Energy Web Foundation

Greeneum

Grid Singularity

Grid+

LO3 Energy

Ponton

Power Ledger

Prosume

The Sun Exchange

Veridium Labs

WePower

The Last Word—Key Takeaways

Legal Disclaimer

Frost Radar—2 Major Indices, 10 Analytical Ingredients, 1 Platform

Frost Radar—2 Major Indices, 10 Analytical Ingredients, 1 Platform (continued)

Frost Radar—C2A

Related Research
The architecture of the global energy market is changing. The market model is transforming from highly centralized power distribution into decentralized, distributed energy management enabled by intelligent software and new approaches to data management. Three trends—digitalization, decentralization, and decarbonization—are steering the transformation. All these changes lead to the central question: how will the electricity services that are today primarily provided in a centralized, top-down manner be provided in the future? The rising demand for faster and more secure transactions along with full transparency has made blockchain one of the fastest-growing technology markets in the world. Blockchain technology enables transparent, tamper-proof, and secure systems for different business solutions through smart contracts. Over the past few years, industry stakeholders, utilities, energy service companies, and information and communication technology companies in the energy market have taken great interest in blockchain technologies and are investing heavily in research and development related to verifying and recording finance transactions. Blockchains are primarily designed to facilitate distributed transactions by removing the central point of authority. The potential of blockchain technology in the energy industry has just started to be realized, evident by the increasing number of blockchain start-ups involved in R&D and pilot projects. Blockchain technology here remains in its infancy but is slowly growing. Beyond 2020, the energy market is expected to witness more blockchain projects coming online. The companies included in this Radar are LO3 Energy, Power Ledger, WePower, Grid+, Electron, Ponton, Veridium Labs, Grid Singularity, The Sun Exchange, Energy Web Foundation, Greeneum, and Prosume. The Frost Radar reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar methodology. The document presents competitive profiles on each of the companies in the Frost Radar based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in the industry and benchmarks them across 10 criteria on the Frost Radar, where the leading companies in the industry are then positioned. Industry leaders on both the Growth and Innovation indices are recognized as best practice recipients.
More Information
No Index No
Podcast No
Author Swagath Navin Manohar
Industries Energy
WIP Number K41C-01-00-00-00
Is Prebook No
GPS Codes 9AFE-A4,9B00-A4,9B07-C1,9851,9852,GETE