Centrica will launch a trial in Cornwall to explore how blockchain technology can change the way consumers buy and sell electricity.
FTSE 100 power giant invests in US blockchain startups
LO3 Energy rose last year.
It has recruited about 200 businesses and families to test their peers. to-
Peer energy transactions using the technology.
A blockchain is a decentralized digital ledger that records transactions, such as transactions in digital currency.
Centrica is moving from large centralized power stations to distributed generation
Smaller, scattered energy sources such as wind turbines and solar panels generate electricity.
The blockchain project is part of the Cornwall 19 m program, where Centrica is testing the potential of a distributed generation and battery storage retrofit industry.