New Startups Fuel Growth in the Energy Blockchain Ecosystem

By [email protected] Tokyo Electric Power Company 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 [is] building one of the

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