On Tuesday May 9, Rocky Mountain Institute announced that ten energy companies from nine nations, including Sempra and Royal Dutch Shell, had joined the Energy Web Foundation (EWF), a nonprofit comprising of Rocky Mountain Institute and Grid Singularity, with a mission to accelerate the commercial deployment of blockchain technology in the energy sector. The foundation also announced $2.5 million in funding.
This is big news. Why? Because if the vision of what blockchain can do comes true, it could eliminate a lot of the complexities around managing distributed energy resources. And the fact that major energy companies are allocating resources to
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