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Trusted Power and Renewables Intelligence woodmac.com
State of the Market:
A Snapshot into Blockchain Deployments and Investments in the Power Sector
Colleen Metelitsa | September 5, 2018
1
IRENA Innovation Week, 5 September 2018 woodmac.com
Wood Mackenzie offices Wood Mackenzie Power & Renewables offices
Wood Mackenzie is ideally
positioned to support
consumers, producers and
financers of the new energy
economy.
Acquisition of MAKE and Greentech
Media (GTM)
Leaders in renewables, EV demand
and grid-connected storage
Over 500 sector-dedicated analysts and
consultants globally, including 75
specifically to power and renewables
Located close to clients and industry
contacts
About Wood Mackenzie
We provide commercial insight and access to our experts leveraging our integrated proprietary metals, energy
and renewables research platform
2
IRENA Innovation Week, 5 September 2018 woodmac.com
Source: Wood Mackenzie Power & Renewables
Blockchain in Energy Exploded Over the Past Two Years
$466 Million
invested in blockchain in power
189 Companies
working in blockchain in power
71 Projects
happening globally
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IRENA Innovation Week, 5 September 2018 woodmac.com
$466 Million Invested in Blockchain in Power Companies
ICOs Dominate Method of Financings; Venture Capital Rising but Amount Invested Often Private
79%
18%
3%
ICO
VC
Public Offering
Crowdfunding
Grant
Private Placement
Source: Wood Mackenzie Power & Renewables
Breakdown of Funds Raised by Type
$466 Million
4
IRENA Innovation Week, 5 September 2018 woodmac.com
$466 Million Invested in Blockchain in Power Companies
Many 2018 ICOs Have Been Delayed or Stalled Due to Turbulence in Crypto Markets
-
5
10
15
20
25
30
Q3 Q4 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2016 2017 2018
Num
be
r o
f In
ve
stm
en
t R
ou
nd
s
Completed Underway Announced
Source: Wood Mackenzie Power & Renewables
Number of Investment Rounds by Quarter
5
IRENA Innovation Week, 5 September 2018 woodmac.com
189 Companies Formed or Pivoted to Blockchain
There Has Been Slow Down in New Companies Forming Since Q2 2018
0
5
10
15
20
25
30
35
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
2015 2016 2017 2018
Num
ber
of C
om
panie
s
Quarter Founded
Source: Wood Mackenzie Power & Renewables
Number of Companies Founded by Quarter
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IRENA Innovation Week, 5 September 2018 woodmac.com
189 Companies Formed or Pivoted to Blockchain
P2P
Energy
Trading
EV
Charging
Decentralized
Energy
Exchange
Distribution
Management
Grid
Flexibility
Retail
Billing
Wholesale
Trading
Energy
Efficiency
Demand
Response
Certificate
of Origin
Source: Wood Mackenzie Power & Renewables
Companies With at Least One Announced or Underway Project by Use Case
32 Companies Leading Blockchain Projects in Grid Edge Space
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IRENA Innovation Week, 5 September 2018 woodmac.com
71 Projects Publicly Announced Globally
48%
14%
13%
8%
6%
Peer-to-peer energy trading
Distribution management
EV charging
Retail billing
Wholesale energy trading
RECs/Certificate of origin
Demand response
Grid flexibility
Decentralized energy exchange
Energy efficiency
Source: Wood Mackenzie Power & Renewables
Proportion of Projects by Use Case Tested
Majority of Use Cases Being Trialed Is P2P Energy Trading
71 Projects
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IRENA Innovation Week, 5 September 2018 woodmac.com
Wood Mackenzie Power & Renewables, Data Through July 31, 2018
71 Projects Publicly Announced Globally
1-2 Projects
3-5 Projects
>5 Projects
Europe Holds Highest Concentration of Grid-Edge Blockchain Projects
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