Category: Energy

Honda And GM to Research Smart Grid, Electric Car Interoperability With Blockchain Tech

Major automobile manufacturers Honda and General Motors (GM) are jointly conducting research on electric vehicle and smart grid interoperability using blockchain tech, Japanese news outlet Nikkei reported on May 20. As part of the project, Honda and GM will investigate whether electric vehicles can be used to stabilize the supply […]

Blockchain Firm Raises $6 Mln From Major Energy Companies, Saudi Aramco Subsidiary

American blockchain startup Data Gumbo Corp. has raised $6 million from major energy companies, including the venture wing of Saudi Arabian national petroleum and natural gas company Saudi Aramco. The news was published by energy-focused news outlet Worldoil on May 8. In a Series A equity funding round, Data Gumbo […]

Winklevoss Capital Invests in Firm Using Natural Gas to Fuel Crypto Mining Data Centers

The Winklevoss twins’ family office, Winklevoss Capital, has participated in a $4.5 million seed financing round for flare mitigation provider Crusoe Energy Systems Inc. to advance its construction of data centers that can mine cryptocurrencies. The news was reported by Bloomberg on May 3. Flare mitigation — as a Crusoe […]

US Department of Energy Progresses With Blockchain Power Plant Security Research

A blockchain project sponsored by the United States government aiming to bolster power plant security has entered its second phase, participants confirmed in a press release on April 10. The project, principally a partnership between the U.S. Department of Energy’s (DOE) National Energy Technology Laboratory (NETL) and Colorado-based security firm […]

US Energy Department Eyes Blockchain to Prevent Power Plant Cyberattacks

The U.S. Department of Energy is exploring blockchain technology as a line of defense against cyberattacks on power plants. The department’s National Energy Technology Laboratory (NETL) unit announced Wednesday that phase two of an electric grid security project has been launched in partnership with decentralized cybersecurity startup Taekion, formerly Grid7. The […]