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UK Blockchain In Energy Market

ID: MRFR/ICT/62327-HCR
200 Pages
Aarti Dhapte
October 2025

UK Blockchain in Energy Market Research Report By Application (Energy Trading, Renewable Energy Certificates, Grid Management, Supply Chain Management), By Component (Software, Hardware, Services), By End Use (Utilities, Oil and Gas, Renewable Energy Companies) and By Technology (Public Blockchain, Private Blockchain, Hybrid Blockchain)-Forecast to 2035

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UK Blockchain In Energy Market Summary

As per MRFR analysis, the UK blockchain in-energy market size was estimated at 118.0 USD Million in 2024. The UK blockchain in-energy market is projected to grow from 150.0 USD Million in 2025 to 1653.6 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 27.12% during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The UK blockchain in-energy market is poised for transformative growth driven by decentralization and regulatory support.

  • Decentralized energy trading is emerging as a prominent trend, enabling peer-to-peer transactions among consumers.
  • Enhanced data security measures are becoming increasingly vital as the market evolves towards digital solutions.
  • Regulatory adaptation is facilitating innovation, allowing for a more flexible framework that supports blockchain integration.
  • The market is primarily driven by increased demand for renewable energy and the need for operational transparency.

Market Size & Forecast

2024 Market Size 118.0 (USD Million)
2035 Market Size 1653.6 (USD Million)

Major Players

Power Ledger (AU), WePower (LT), Grid+ (US), Energy Web Foundation (CH), LO3 Energy (US), Veridium (US), SolarCoin (US), Chained Finance (SG)

UK Blockchain In Energy Market Trends

The blockchain in-energy market is currently undergoing transformative growth due to rising demand for transparency and efficiency in energy transactions. This technology facilitates peer-to-peer energy trading, allowing consumers to buy and sell energy directly, thus reducing reliance on traditional utility companies. The integration of blockchain enhances the security of transactions and provides a decentralized platform that can potentially lower costs for consumers. Furthermore, the UK government has shown interest in supporting innovations that leverage blockchain to improve energy management and sustainability. This aligns with broader goals of reducing carbon emissions and promoting renewable energy sources. In addition, the regulatory landscape is evolving to accommodate the unique characteristics of blockchain technology. Policymakers are exploring frameworks that encourage innovation while ensuring consumer protection and market integrity. The potential for smart contracts to automate processes in energy trading is also gaining traction, suggesting a shift towards more efficient operational models. As the market matures, collaboration between technology providers, energy companies, and regulatory bodies will likely play a crucial role in shaping the future of energy transactions in the UK.

Decentralized Energy Trading

The blockchain in-energy market is experiencing growth in decentralized energy trading platforms. These platforms enable consumers to engage in direct transactions, fostering a more competitive environment. By eliminating intermediaries, participants can potentially benefit from lower costs and increased access to renewable energy sources.

Enhanced Data Security

Data security remains a critical concern in energy transactions. Blockchain technology offers robust security features that protect sensitive information. This capability is particularly relevant in the blockchain in-energy market, where the integrity of transaction data is paramount for building trust among participants.

Regulatory Adaptation

As the blockchain in-energy market evolves, regulatory bodies are adapting to the new landscape. Policymakers are developing frameworks that support innovation while ensuring compliance with existing energy regulations. This adaptation is essential for fostering a stable environment that encourages investment and growth.

UK Blockchain In Energy Market Drivers

Regulatory Support and Innovation

Regulatory support plays a crucial role in the evolution of the blockchain in-energy market, as policymakers recognize the potential of blockchain to enhance energy systems. The UK government has initiated various programs aimed at fostering innovation in energy technologies, including blockchain. These initiatives often provide funding and resources to startups and established companies exploring blockchain applications in energy trading and management. The recent introduction of regulatory frameworks that accommodate decentralized energy solutions indicates a shift towards embracing innovative technologies. This supportive environment is likely to stimulate further investment in blockchain solutions, driving advancements in energy efficiency and sustainability across the sector.

Consumer Empowerment and Engagement

Consumer empowerment is a significant driver in the blockchain in-energy market, as individuals increasingly seek control over their energy consumption and production. The rise of prosumers—consumers who also produce energy—has been facilitated by blockchain technology, which enables seamless participation in energy markets. In the UK, initiatives promoting community energy projects are gaining traction, allowing local groups to harness blockchain for energy trading. This engagement not only fosters a sense of community but also encourages energy efficiency and sustainability. By providing consumers with real-time data on energy usage and pricing, blockchain platforms enhance decision-making capabilities, leading to more informed choices regarding energy consumption and investment in renewable technologies.

Increased Demand for Renewable Energy

The blockchain in-energy market is experiencing a surge in demand for renewable energy sources. This demand is driven by the UK's commitment to achieving net-zero emissions by 2050. This transition is prompting energy producers to adopt blockchain technology to enhance transparency and traceability in renewable energy generation. According to recent data, the share of renewables in the UK's energy mix reached approximately 48% in 2025, indicating a significant shift towards sustainable energy solutions. Blockchain facilitates peer-to-peer energy trading, allowing consumers to buy and sell excess energy directly, thus promoting local energy markets. This trend empowers consumers and supports the integration of distributed energy resources, crucial for a resilient energy system.

Enhanced Grid Management and Reliability

Enhanced grid management is emerging as a vital driver in the blockchain in-energy market, particularly as the UK transitions to a more decentralized energy system. Blockchain technology offers solutions for real-time monitoring and management of energy flows, which is essential for maintaining grid stability. With the increasing integration of renewable energy sources, the need for effective grid management becomes paramount. Blockchain can facilitate demand response programs, allowing consumers to adjust their energy usage based on grid conditions, thereby enhancing reliability. Blockchain has the potential to improve grid resilience by providing transparent data on energy consumption patterns. This data can inform better decision-making for grid operators.

Cost Efficiency and Operational Transparency

Cost efficiency remains a pivotal driver in the blockchain in-energy market, as energy companies seek to reduce operational costs while enhancing transparency. The implementation of blockchain technology can streamline processes such as billing, settlement, and supply chain management, potentially reducing transaction costs by up to 30%. This efficiency is particularly relevant in the context of the UK's energy sector, where regulatory compliance and operational overheads can be substantial. By leveraging smart contracts, energy providers can automate transactions and ensure that all parties adhere to agreed terms, thereby minimizing disputes and enhancing trust among stakeholders. The increased operational transparency afforded by blockchain also aids in regulatory compliance, making it easier for companies to demonstrate adherence to environmental and safety standards.

Market Segment Insights

By Application: Energy Trading (Largest) vs. Supply Chain Management (Fastest-Growing)

In the UK blockchain in-energy market, Energy Trading constitutes the largest application segment, benefiting from the digital transformation of trading processes and the need for more transparent transactions. Renewable Energy Certificates and Grid Management are also significant, but they hold smaller shares relative to Energy Trading. Supply Chain Management, while still developing in this market context, has been gaining traction due to increasing demand for traceability and efficiency in energy sourcing. The growth trends for these application segments indicate a shift towards decentralized trading practices, particularly in Energy Trading, facilitated by blockchain technology. Factors driving growth include regulatory support for renewable energy, increasing investment in cleaner technologies, and the rising need for transparency in supply chains. Supply Chain Management is emerging rapidly, fueled by innovations in tracking energy provenance and ensuring compliance with environmental standards.

Energy Trading: Dominant vs. Supply Chain Management: Emerging

Energy Trading stands as the dominant application in the UK blockchain in-energy market, underpinned by its ability to streamline transactions and reduce trade frictions. It offers improved liquidity and market access for various stakeholders, enabling better pricing and reduced operational costs. On the other hand, Supply Chain Management is positioned as an emerging segment, driven by the growing necessity for transparency and accountability in energy sourcing. This segment leverages blockchain for real-time tracking and validation of energy origins, supporting sustainability goals. As regulatory frameworks evolve and demand for clean energy surges, both segments will play pivotal roles, with Energy Trading maintaining leadership while Supply Chain Management rapidly expands its footprint.

By Component: Software (Largest) vs. Services (Fastest-Growing)

In the UK blockchain in-energy market, the component segment is predominantly driven by the software category, which holds a significant share of the overall market. Hardware follows, holding a smaller yet notable share. Services, while currently having a lesser share, are rapidly gaining traction, indicating a competitive landscape among the three components. This distribution shows the importance of software solutions in optimizing blockchain applications in the energy sector. Growth trends are being propelled by the increasing adoption of blockchain technology in energy management, driving demand for software solutions that enhance efficiency and transparency. Simultaneously, services are emerging as a critical support mechanism, fostering innovation and offering tailored solutions in project implementation and maintenance. Hardware continues to evolve, but it is the rapid evolution of software and services that underlines the future landscape of this component segment.

Software (Dominant) vs. Services (Emerging)

Software in the UK blockchain in-energy market is characterized by its ability to streamline operations and ensure secure transactions, making it the dominant component in the segment. Its applications in energy tracking, payment systems, and decentralized energy management showcase its versatility and essential role in driving the market forward. In contrast, the services segment is emerging, focusing on consulting, integration, and support tailored to the unique needs of energy companies. These services are increasingly viewed as crucial in helping organizations implement and adapt blockchain solutions effectively, highlighting a significant trend where businesses seek expert guidance to maximize their investments in technology.

By End Use: Utilities (Largest) vs. Renewable Energy Companies (Fastest-Growing)

The UK blockchain in-energy market showcases a diverse distribution among its segments, with Utilities commanding the largest market share. This category has been pivotal in adopting blockchain technologies to enhance operational efficiencies and security in the energy sector. Both the Oil and Gas segment and Renewable Energy Companies are also significant, though their shares are comparatively smaller. Emerging trends indicate that Renewable Energy Companies are rapidly adopting blockchain solutions, driven by the need for greater transparency and efficiency in renewable energy transactions. The potential for reducing operational costs and improving grid management is propelling this segment's growth, positioning it as the fastest-growing area within the market. Utilities, however, remain essential due to their established infrastructure and investment in blockchain applications.

Utilities: Dominant vs. Renewable Energy Companies: Emerging

Utilities play a dominant role in the UK blockchain in-energy market, leveraging blockchain technology to optimize grid operations and enhance reliability. Their large-scale implementations focus on integrating smart grid solutions, ensuring data integrity and improving customer interactions. In contrast, Renewable Energy Companies are emerging as a significant force, deploying blockchain to facilitate peer-to-peer energy trading and manage decentralized energy resources effectively. This duality presents a unique dynamic where traditional energy suppliers and innovative renewable firms coexist. As each sector evolves, their collaboration and competition could reshape the energy landscape, driving advancements in sustainability and efficiency.

By Technology: Public Blockchain (Largest) vs. Private Blockchain (Fastest-Growing)

In the UK blockchain in-energy market, Public Blockchain holds the largest share among the technology segment, reflecting its widespread adoption and trust in decentralized solutions. This segment provides transparency and enhances collaboration among various stakeholders within the energy sector. On the other hand, Private Blockchain is emerging rapidly, driven by enterprises seeking enhanced privacy and control over their data, leading to increased investment and development in this area. Growth trends indicate that the adoption of Public Blockchain technologies is primarily fueled by the push for transparency and regulatory compliance in the energy sector. Meanwhile, the rise of Private Blockchain is spurred by the need for data security and the demand from organizations for tailored solutions. Hybrid Blockchain is also gaining traction as it offers a blend of both public and private features, catering to diverse requirements.

Technology: Public Blockchain (Dominant) vs. Private Blockchain (Emerging)

Public Blockchain is characterized by its openness and accessibility, allowing anyone to participate in the network, which fosters an environment of transparency and trust. This segment enables decentralized applications that can transform the energy sector by streamlining transactions and reducing costs. In contrast, Private Blockchain solutions are designed for specific organizations or groups, ensuring data privacy and control. As businesses increasingly turn to Private Blockchain for managing sensitive information within the UK's energy landscape, this segment is positioned for significant growth, blending enhanced security with efficient processes.

Get more detailed insights about UK Blockchain In Energy Market

Key Players and Competitive Insights

The blockchain in-energy market in the UK is currently characterized by a dynamic competitive landscape, driven by the increasing demand for decentralized energy solutions and the integration of renewable energy sources. Key players such as Power Ledger (AU), WePower (LT), and Energy Web Foundation (CH) are actively shaping the market through innovative strategies and operational focuses. Power Ledger (AU) emphasizes its commitment to enhancing peer-to-peer energy trading, which appears to resonate well with consumers seeking greater control over their energy consumption. Meanwhile, WePower (LT) is strategically positioned to facilitate green energy procurement, leveraging blockchain technology to streamline transactions and enhance transparency. Energy Web Foundation (CH) focuses on building an open-source blockchain platform tailored for the energy sector, which suggests a long-term vision for fostering collaboration among various stakeholders.

The business tactics employed by these companies reflect a concerted effort to optimize supply chains and localize operations, thereby enhancing their competitive edge. The market structure appears moderately fragmented, with several players vying for market share, yet the collective influence of these key companies is significant. Their strategies not only drive innovation but also contribute to a more resilient energy ecosystem, which is increasingly vital in the face of evolving regulatory frameworks and consumer expectations.

In October 2025, Power Ledger (AU) announced a partnership with a major UK utility company to pilot a blockchain-based energy trading platform. This strategic move is likely to enhance Power Ledger's visibility in the UK market while providing the utility with a cutting-edge solution to engage customers in renewable energy trading. The collaboration underscores the growing trend of utilities seeking innovative technologies to meet sustainability goals and improve customer engagement.

In September 2025, WePower (LT) launched a new feature on its platform that allows users to track the carbon footprint of their energy consumption in real-time. This initiative not only aligns with the increasing consumer demand for sustainability but also positions WePower as a leader in transparency within the energy sector. By providing users with actionable insights, the company enhances its value proposition and fosters a more environmentally conscious consumer base.

In August 2025, Energy Web Foundation (CH) expanded its network by integrating with several European energy providers, thereby enhancing its blockchain platform's interoperability. This strategic action is indicative of a broader trend towards collaboration in the energy sector, as companies recognize the importance of seamless integration to facilitate the transition to decentralized energy systems. Such moves are likely to bolster Energy Web's position as a foundational technology provider in the blockchain in-energy market.

As of November 2025, the competitive trends in the blockchain in-energy market are increasingly defined by digitalization, sustainability, and the integration of artificial intelligence. Strategic alliances among key players are shaping the landscape, fostering innovation and enhancing operational efficiencies. The shift from price-based competition to a focus on technological advancement and supply chain reliability is evident, suggesting that future competitive differentiation will hinge on the ability to innovate and adapt to changing market dynamics.

Key Companies in the UK Blockchain In Energy Market market include

Industry Developments

Recent developments in the UK Blockchain in Energy Market include a growing emphasis on sustainable energy solutions and the integration of blockchain technology to enhance efficiency. Companies like Octopus Energy and E.ON are actively participating in initiatives to leverage blockchain for smarter energy trading and management.

In September 2023, Centrica announced investments in blockchain-based platforms to support energy efficiency programs, while Siemens is collaborating with various partners to implement blockchain solutions for energy supply chain transparency. While there have been no publicly announced mergers involving Power Ledger or Electrify recently, sectors like these are witnessing significant private sector interest. In August 2023, Grid Edge reported substantial growth in its blockchain applications tailored for solar energy distribution. Furthermore, the implementation of blockchain for carbon credits and renewable energy certificates is gaining popularity, driven by policies encouraging digital solutions in the energy market.

The UK government continues to support innovations in blockchain technologies such as SolarCoin, further propelling the market growth. Major initiatives and investments in the last two years showcase the commitment toward integrating blockchain in sustainable energy solutions, highlighting a dynamic shift in the energy infrastructure.

Future Outlook

UK Blockchain In Energy Market Future Outlook

The blockchain in-energy market is poised for growth at a compound annual growth rate (CAGR) of 27.12% from 2024 to 2035, driven by increased demand for transparency, efficiency, and decentralized energy solutions.

New opportunities lie in:

  • Development of blockchain-based peer-to-peer energy trading platforms.
  • Integration of smart contracts for automated energy transactions.
  • Creation of decentralized energy storage solutions for residential use.

By 2035, the market is expected to achieve substantial growth, driven by innovative blockchain applications.

Market Segmentation

UK Blockchain In Energy Market End Use Outlook

  • Utilities
  • Oil and Gas
  • Renewable Energy Companies

UK Blockchain In Energy Market Component Outlook

  • Software
  • Hardware
  • Services

UK Blockchain In Energy Market Technology Outlook

  • Public Blockchain
  • Private Blockchain
  • Hybrid Blockchain

UK Blockchain In Energy Market Application Outlook

  • Energy Trading
  • Renewable Energy Certificates
  • Grid Management
  • Supply Chain Management

Report Scope

MARKET SIZE 2024 118.0(USD Million)
MARKET SIZE 2025 150.0(USD Million)
MARKET SIZE 2035 1653.6(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR) 27.12% (2024 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
Market Forecast Period 2025 - 2035
Historical Data 2019 - 2024
Market Forecast Units USD Million
Key Companies Profiled Power Ledger (AU), WePower (LT), Grid+ (US), Energy Web Foundation (CH), LO3 Energy (US), Veridium (US), SolarCoin (US), Chained Finance (SG)
Segments Covered Application, Component, End Use, Technology
Key Market Opportunities Integration of blockchain for decentralized energy trading and enhanced grid management.
Key Market Dynamics Growing adoption of blockchain technology enhances transparency and efficiency in the UK energy market.
Countries Covered UK

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FAQs

What is the expected market size of the UK Blockchain in Energy Market in 2024?

The expected market size of the UK Blockchain in Energy Market in 2024 is estimated to be valued at 94.4 million USD.

What will be the market size by 2035 for the UK Blockchain in Energy Market?

By 2035, the UK Blockchain in Energy Market is expected to reach a valuation of 376.0 million USD.

What is the expected CAGR for the UK Blockchain in Energy Market from 2025 to 2035?

The expected Compound Annual Growth Rate (CAGR) for the UK Blockchain in Energy Market from 2025 to 2035 is 13.387 percent.

Which application in the UK Blockchain in Energy Market is expected to generate the highest revenue by 2035?

By 2035, the Energy Trading application is expected to generate the highest revenue, valued at 130.0 million USD.

What will be the market size for Renewable Energy Certificates in 2035?

The market size for Renewable Energy Certificates in the UK Blockchain in Energy Market is projected to be 100.0 million USD by 2035.

What is the estimated market size for Grid Management in 2024?

The estimated market size for Grid Management in the UK Blockchain in Energy Market in 2024 is 20.0 million USD.

Who are the major players in the UK Blockchain in Energy Market?

Major players in the UK Blockchain in Energy Market include Covalent, Centrica, WePower, Siemens, E.ON, and Vattenfall.

What is the forecast size for the Supply Chain Management application by 2035?

The Supply Chain Management application is expected to reach a size of 71.0 million USD by 2035.

How much is the Grid Management application valued at in 2035?

The Grid Management application is valued at 75.0 million USD in 2035.

What are the growth drivers for the UK Blockchain in Energy Market?

Growth drivers for the UK Blockchain in Energy Market include the increasing need for efficient energy trading and improved grid management solutions.

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