GE joins blockchain for energy study; Ambit expands its reach in Alberta

GE participates in German agency’s study of blockchain for electricity. GE Power Digital is participating in a study to evaluate the use of blockchain technology for energy industry applications, the company announced in a press release. The study by the German energy agency, Deutsche Energie-Agentur, aims to determine if blockchain can be economical and reliable in energy industry applications. Dena’s study, Blockchain in the Integrated Energy Transition, will explore the added value of blockchain compared to alternative systems and determine its technical and economic limits. “The world’s most powerful utility in 2025 may not exist today. At the very least, it does not operate today as it will in the future,” said GE Chief Digital Officer Steven Martin. “Blockchain is rapidly evolving and has the potential to be an enabling technology for the future grid, and as an industry we should continue to explore its applications. By participating in dena’s study, we will experiment to identify the exact qualitative and quantitative value add of blockchain in enabling a decentralized, efficient and intelligent grid.”

Ambit expands its reach in Alberta. Ambit Energy announced that enrollment is now available to approximately 1.43 million additional residential and small commercial electric customers across Alberta, Canada, through Ambit Energy Canada. “Our growth in Canada continues to exceed our expectations,” said Ambit’s CEO, Jere Thompson. Ambit Energy Canada began offering residential and small commercial electric and natural gas services to Alberta customers in November of 2017.

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