Cimdata Logo

Industry Summary Articles

Friday, April 27, 2018

SYSTEMIQ invests in Electron, a leading developer of blockchain-based digital infrastructure for energy systems

SYSTEMIQ, a purpose-driven investment and advisory firm that aims to tackle system failures, is pleased to announce that it has invested in Electron, a UK-based energy tech company. 

The world is moving towards a new energy system based increasingly on distributed, renewable-based energy generation and new patterns of consumption such as electric vehicles. This is creating the need for a new market infrastructure that can efficiently accommodate new devices, technologies and consumption models and enable greater system flexibility. Distributed ledger technology offers a collaborative, secure and efficient solution which can effectively meet these demands and displace the current analogue system. Electron is pioneering a unique distributed ledger solution which can build a transparent register of supply points, enable coordination and cooperation across multiple players, and facilitate valuable data exchange without the need for a central clearing mechanism. 

Founded in 2015, Electron has already received numerous grants totalling £1m in grant funding from BEIS and Innovate UK, has partnered with the National Grid and Siemens, and recently announced the launch of a blockchain energy consortium to develop a flexibility trading platform in the UK market joined by EDF, Shell, Open Energi and other leading energy players. 

SYSTEMIQ is looking forward to supporting Electron on their journey to continue expanding the team, commercialise their first products and expand overseas. 

Irena Spazzapan, SYSTEMIQ Partner and Head of Energy, said: “SYSTEMIQ’s mission is to enable good disruptions through our work with corporates, investors and early stage companies. We believe in the energy system adopting increasing levels of electrification with a complex set of supply points, storage installations and new consumption points such as EVs. Centralised balancing systems are already struggling to effectively manage such complex national and regional power networks. Electron has developed a unique collaborative solution to this challenge, and we are excited to support the execution of our common vision in the UK and beyond.”

To view the original press release, please click here.

Search for blockchain on CIMdata.com

Search for Electron on CIMdata.com

r
ipad background image

Featured Cimdata Reports

ipadcontent
PLM-Enabled Digital Transformation Benefits Appraisal Guide

The Guide is designed to help potential PLM users evaluate the applicability and payoffs of PLM in their enterprise, and to help existing users of PLM monitor the impact it is having on their product programs.

ipadcontent
PLM Market Analysis Reports

The PLM MAR Series provides detailed information and in-depth analysis on the worldwide PLM market. It contains analyses of major trends and issues, leading PLM providers, revenue analyses for geographical regions and industry sectors, and historical and projected data on market growth.

ipadcontent
PLM Market Analysis Country Reports

These reports offer country-specific analyses of the PLM market. Their focus is on PLM investment and use in industrial markets. Reports cover Brazil, France, Germany, India, Italy, Japan, Russia, South Korea, the United Kingdom, and the United States.

ipadcontent
Simulation & Analysis Market Analysis Report

This report presents CIMdata’s overview of the global simulation and analysis market, one of the fastest growing segments of the overall product lifecycle management market, including profiles of the leading S&A firms.

ipadcontent
CAM Market Analysis Report

This report presents CIMdata’s overview of the worldwide CAM software and services market. It also includes a discussion on the trends in the CAM industry and updates on the top CAM solution providers.