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US Blockchain in Energy Market

ID: MRFR/ICT/62410-HCR
200 Pages
Aarti Dhapte
February 2026

US Blockchain in Energy Market Size, Share and 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) - Industry Forecast to 2035

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US Blockchain in Energy Market Summary

As per Market Research Future analysis, the US blockchain energy market size was estimated at 495.6 USD Million in 2024. The US blockchain in-energy market is projected to grow from 517.46 USD Million in 2025 to 796.5 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 4.4% during the forecast period 2025 - 2035

Key Market Trends & Highlights

The US The blockchain energy market is experiencing transformative growth due to technological advancements and changing consumer preferences.

  • Decentralized energy trading platforms are gaining traction, enabling peer-to-peer transactions and enhancing market efficiency.
  • Enhanced data security measures are becoming crucial as stakeholders seek to protect sensitive energy transaction information.
  • Smart contracts are increasingly utilized for energy management, automating processes and reducing operational costs.
  • The market is primarily driven by increased demand for renewable energy and regulatory support, fostering innovation and consumer participation.

Market Size & Forecast

2024 Market Size 495.6 (USD Million)
2035 Market Size 796.5 (USD Million)
CAGR (2025 - 2035) 4.41%

Major Players

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

Our Impact
Enabled $4.3B Revenue Impact for Fortune 500 and Leading Multinationals
Partnering with 2000+ Global Organizations Each Year
30K+ Citations by Top-Tier Firms in the Industry

US Blockchain in Energy Market Trends

The blockchain energy market is currently undergoing a transformative phase, driven by the growing demand for transparency and efficiency in energy transactions. This technology facilitates decentralized energy trading, allowing consumers and producers to engage directly without intermediaries. As regulatory frameworks evolve, the integration of blockchain solutions is becoming more feasible, potentially leading to enhanced grid management and reduced operational costs. Furthermore, the rise of renewable energy sources is likely to complement blockchain applications, as they can provide real-time data on energy production and consumption, fostering a more sustainable energy ecosystem. In addition, the blockchain in-energy market appears to be gaining traction among various stakeholders, including utility companies, energy producers, and consumers. The potential for peer-to-peer energy trading models is particularly noteworthy, as it empowers individuals to sell excess energy generated from renewable sources. This shift not only promotes energy independence but also encourages the adoption of clean energy technologies. As the market matures, ongoing collaboration between technology providers and energy stakeholders will be crucial in addressing challenges and unlocking new opportunities for innovation and growth.

Decentralized Energy Trading

Decentralized energy trading platforms are emerging as a key trend within the blockchain in-energy market. These platforms enable consumers to buy and sell energy directly, bypassing traditional utility companies. This shift is likely to enhance competition and drive down costs, while also promoting the use of renewable energy sources.

Enhanced Data Security

The implementation of blockchain technology in the energy sector is expected to bolster data security. By utilizing cryptographic techniques, blockchain can protect sensitive information related to energy transactions. This increased security may foster greater trust among consumers and businesses, encouraging wider adoption of blockchain solutions.

Smart Contracts for Energy Management

Smart contracts are becoming increasingly relevant in the blockchain in-energy market. These self-executing contracts automate various processes, such as billing and energy distribution, based on predefined conditions. This automation could lead to improved efficiency and reduced administrative burdens for energy providers.

US Blockchain in Energy Market Drivers

Investment in Energy Innovation

Investment in energy innovation is a key driver for the blockchain in-energy market. Venture capital and private equity firms are increasingly recognizing the potential of blockchain technology to revolutionize energy systems. In 2025, investments in blockchain-based energy startups have surged, with funding reaching over $1 billion in the US alone. This influx of capital is likely to accelerate the development of innovative solutions that leverage blockchain for energy trading, grid management, and data security. As more investors seek opportunities in the blockchain in-energy market, the overall ecosystem is expected to grow, leading to enhanced competition and technological advancements.

Regulatory Support and Incentives

The blockchain in-energy market is benefiting from favorable regulatory frameworks and incentives aimed at promoting clean energy technologies. In the US, various states have implemented policies that encourage the integration of blockchain solutions in energy systems. For instance, the Federal Energy Regulatory Commission (FERC) has been exploring ways to incorporate blockchain into energy markets, which could streamline processes and reduce costs. Additionally, state-level incentives for renewable energy projects are likely to create a conducive environment for blockchain adoption, as stakeholders seek innovative solutions to comply with regulations while maximizing operational efficiency.

Increased Demand for Renewable Energy

The blockchain in-energy market is experiencing a surge in demand for renewable energy sources, driven by a growing awareness of climate change and the need for sustainable practices. In the US, renewable energy consumption reached approximately 20% of total energy use in 2023, and this trend is expected to continue. Blockchain technology facilitates the tracking and verification of renewable energy certificates, ensuring transparency and trust in the market. This increased demand for clean energy sources is likely to propel the adoption of blockchain solutions, as they provide a decentralized platform for energy trading and management, enhancing the efficiency of renewable energy transactions.

Consumer Empowerment and Participation

The blockchain energy market is promoting greater consumer empowerment and participation in energy management. With the rise of decentralized energy systems, consumers are increasingly becoming prosumers, generating and trading their own energy. This shift is supported by blockchain technology, which enables secure and transparent peer-to-peer energy trading. In the US, consumer interest in renewable energy solutions has grown, with surveys indicating that over 70% of consumers are willing to engage in energy trading platforms. This trend suggests that blockchain can play a crucial role in facilitating consumer participation, ultimately transforming the energy landscape and promoting a more sustainable future.

Technological Advancements in Blockchain

Technological advancements in blockchain are significantly impacting the blockchain in-energy market. Innovations such as improved scalability, interoperability, and energy-efficient consensus mechanisms are making blockchain solutions more viable for energy applications. In 2025, the market is witnessing a shift towards more sophisticated blockchain platforms that can handle high transaction volumes and provide real-time data analytics. These advancements are likely to enhance the functionality of blockchain in energy trading, allowing for more efficient peer-to-peer transactions and better management of energy resources. As technology continues to evolve, the blockchain in-energy market is expected to expand, attracting new participants and investment.

Market Segment Insights

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

In the US blockchain in-energy market, Energy Trading commands the largest share, driven by its capacity to streamline transactions and reduce costs. This segment has established a significant foothold due to the rising demand for efficient trading solutions in the energy sector. Conversely, Grid Management is rapidly gaining traction as the need for effective grid solutions intensifies, making it a critical area for blockchain application. Growth in these segments is fueled by technological advancements and a push for sustainability. Energy Trading benefits from increased transactions and the need for transparency, while Grid Management sees growth from regulatory support and innovations in smart grid technologies. Furthermore, the emphasis on renewable energy integration is propelling both segments, as stakeholders look to optimize energy distribution and trading efficiency.

Energy Trading (Dominant) vs. Grid Management (Emerging)

Energy Trading utilizes blockchain technology to facilitate peer-to-peer transactions and increase market efficiency, ensuring quicker settlements and enhanced transparency. This dominant segment serves utility companies and independent power producers, offering a platform for direct energy sales and fostering competition. On the other hand, Grid Management focuses on optimizing grid operations by leveraging decentralized technology for real-time monitoring and management. As an emerging segment, it addresses challenges like renewable energy integration and demand response, presenting growth opportunities as utilities seek innovative solutions to enhance reliability and resilience in energy delivery.

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

In the US blockchain in-energy market, the distribution of market share among the component values reveals that software holds the largest share, substantially leading over other segments. The robust adoption of software solutions is driven by the demand for efficient energy management and enhanced data security, as businesses increasingly rely on blockchain technology to optimize their operations. On the other hand, services are gaining momentum, with a focus on consulting and integration services that help organizations effectively leverage blockchain capabilities for energy applications. The growth trends indicate a shifting landscape where services are emerging as a critical segment, poised for rapid expansion. Factors driving this growth include an increase in awareness and knowledge about blockchain applications in energy, coupled with regulatory support for innovative energy solutions. Additionally, as more organizations look to incorporate blockchain into their operations, the need for specialized services to facilitate this transition is becoming increasingly apparent, making this segment potentially the fastest-growing area within the overall market.

Software (Dominant) vs. Services (Emerging)

Software is the dominant component within the US blockchain in-energy market, characterized by robust offerings that enhance operational efficiency and security. Key players in this segment focus on developing advanced software solutions that streamline energy transactions, enabling real-time data access and management. Conversely, services represent an emerging component, defined by consulting and integration expertise that assist businesses in navigating the complexities of blockchain technology. This segment is rapidly evolving, with a focus on tailored solutions that align with specific energy sector needs, facilitating customized implementations and driving further adoption of blockchain initiatives. Both segments are essential, yet they serve distinct roles in shaping the future of energy management through blockchain innovations.

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

In the US blockchain in-energy market, the segment distribution reveals that utilities hold a significant portion, underpinning the traditional energy framework. Oil and gas also maintain a strong presence, but their market share is being challenged by emerging technologies. Renewable energy companies are steadily gaining traction, driven by decreasing costs and an increasing focus on sustainability among consumers and investors alike. Growth trends indicate that while utilities remain dominant, renewable energy companies are experiencing the fastest growth due to heightened investments in sustainable practices and technological advancements. Oil and gas sectors are integrating blockchain for operational efficiency and transparency, but their growth rates are overshadowed by the rapid advancements and adoption within the renewable segment, which benefits from public and governmental support.

Oil and Gas (Dominant) vs. Renewable Energy Companies (Emerging)

Oil and gas represent a dominant force in the US blockchain in-energy market, leveraging blockchain technology for optimizing supply chains, improving transparency, and enhancing contract management. These traditional players are adopting blockchain to drive efficiency and reduce operational costs. Conversely, renewable energy companies, classified as emerging, are leveraging blockchain to enable peer-to-peer energy trading, enhance grid reliability, and support decentralized operations. This segment's growth is fueled by innovation, regulatory support, and consumer demand for clean energy solutions. As the market evolves, both segments will play critical roles in shaping the energy landscape, with digital transformation spearheading their collaborations.

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

In the US blockchain in-energy market, the market share distribution reveals Public Blockchain as the largest segment, leading in adoption and utilization among technology solutions. This segment benefits from network transparency, making it preferable for decentralized energy transactions. On the contrary, Private Blockchain is gaining traction as organizations seek tailored solutions that enhance data privacy and control over shared information. Growth trends indicate that while Public Blockchain remains the dominant player, the fastest-growing segment is Private Blockchain, driven by increasing demand for security and efficiency in energy management. This trend is largely influenced by regulatory pressures and the need for organizations to streamline operations while maintaining data integrity. Enterprises are now recognizing the value of Hybrid Blockchain, which combines features from both public and private segments, further diversifying the market landscape.

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

Public Blockchain is characterized by its openness and transparency, making it the dominant solution in the market. It enables a wide array of participants to engage in energy transactions without intermediary barriers, fostering a collaborative ecosystem. Meanwhile, Private Blockchain is emerging, prioritizing privacy and enhanced security for businesses that require strict access control over data. This adaptability allows organizations to optimize their operations while aligning with regulatory demands. The emergence of Hybrid Blockchain solutions, which aim to capitalize on the strengths of both public and private networks, is also noteworthy as it highlights the trend towards flexibility and tailored energy management solutions.

Get more detailed insights about US Blockchain in Energy Market

Key Players and Competitive Insights

The blockchain in-energy market 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 are actively pursuing strategies that emphasize innovation, partnerships, and regional expansion to enhance their market positioning. For instance, Grid+ (US) focuses on leveraging blockchain technology to optimize energy distribution and pricing, while LO3 Energy (US) is pioneering local energy trading platforms that empower communities to engage in peer-to-peer energy transactions. These strategic initiatives collectively contribute to a more competitive environment, as companies strive to differentiate themselves through technological advancements and customer-centric solutions.In terms of business tactics, companies are increasingly localizing their operations and optimizing supply chains to enhance efficiency and reduce costs. The market structure appears moderately fragmented, with several players vying for market share. This fragmentation allows for diverse approaches to blockchain implementation, as companies tailor their solutions to meet specific regional needs. The collective influence of these key players shapes the market dynamics, fostering an environment where innovation and collaboration are paramount.

In October LO3 Energy (US) announced a partnership with a major utility provider to expand its local energy trading platform, which is expected to enhance grid resilience and promote renewable energy adoption. This strategic move underscores the importance of collaboration between traditional energy providers and innovative blockchain solutions, potentially leading to a more sustainable energy ecosystem. The partnership may also facilitate the integration of more localized energy sources, thereby reducing transmission losses and enhancing overall efficiency.

In September Grid+ (US) launched a new blockchain-based platform aimed at streamlining energy transactions for residential consumers. This initiative is significant as it not only simplifies the purchasing process but also empowers consumers to make informed decisions regarding their energy usage. By enhancing transparency and accessibility, Grid+ is likely to attract a broader customer base, positioning itself as a leader in the residential energy market.

In August Veridium (US) secured a strategic investment to further develop its blockchain-based carbon credit trading platform. This investment is pivotal as it aligns with the growing emphasis on sustainability and carbon neutrality. By facilitating the trading of carbon credits, Veridium is not only contributing to environmental goals but also positioning itself at the forefront of a burgeoning market that seeks to monetize sustainability efforts.

As of November current trends in the blockchain in-energy market indicate a strong focus on digitalization, sustainability, and the integration of artificial intelligence. Strategic alliances are increasingly shaping the competitive landscape, as companies recognize the value of collaboration in driving innovation. Looking ahead, competitive differentiation is likely to evolve from traditional price-based competition to a focus on technological innovation, supply chain reliability, and sustainable practices. This shift may redefine how companies engage with consumers and position themselves within the market.

Key Companies in the US Blockchain in Energy Market include

Industry Developments

Recent developments in the US Blockchain in Energy Market have seen significant activity from major players like Siemens, Energi, and ExxonMobil as they continue to explore blockchain technology to enhance efficiency and transparency in energy transactions. In October 2023, Accenture partnered with Duke Energy to evaluate blockchain applications for decentralized energy resources and grid resilience. Furthermore, LO3 Energy launched a community blockchain energy trading platform that gained traction among local solar energy producers, showcasing the potential for peer-to-peer energy trading.

Mergers and acquisitions have also been notable, with IBM acquiring a stake in a promising blockchain startup focused on smart energy contracts in September 2023, enhancing its position in the energy sector. Tesla's ongoing investments in blockchain solutions to optimize electric vehicle charging infrastructure have spurred interest in energy management innovations. The overall market valuation of US Blockchain in Energy Market companies has surged, bolstered by increased governmental support and investment in clean energy initiatives over the past two years, indicating a robust shift towards adopting digital solutions within the energy sector. Notable events like the U.S.

Department of Energy's blockchain pilot projects in 2022 have also prompted advancements in regulatory frameworks.

Future Outlook

US Blockchain in Energy Market Future Outlook

The blockchain energy market is projected to grow at a CAGR of 4.41% from 2025 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.
  • Implementation of blockchain for renewable energy certificate tracking.

By 2035, the market is expected to be robust, driven by innovative blockchain applications.

Market Segmentation

US Blockchain in Energy Market End Use Outlook

  • Utilities
  • Oil and Gas
  • Renewable Energy Companies

US Blockchain in Energy Market Component Outlook

  • Software
  • Hardware
  • Services

US Blockchain in Energy Market Technology Outlook

  • Public Blockchain
  • Private Blockchain
  • Hybrid Blockchain

US Blockchain in Energy Market Application Outlook

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

Report Scope

MARKET SIZE 2024 495.6(USD Million)
MARKET SIZE 2025 517.46(USD Million)
MARKET SIZE 2035 796.5(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR) 4.41% (2025 - 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), Slock.it (DE), Chained Finance (SG)
Segments Covered Application, Component, End Use, Technology
Key Market Opportunities Integration of blockchain technology enhances transparency and efficiency in energy transactions and grid management.
Key Market Dynamics Growing adoption of blockchain technology enhances transparency and efficiency in energy transactions and grid management.
Countries Covered US
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FAQs

What was the market size of the US Blockchain in Energy Market in 2024?

The US Blockchain in Energy Market was valued at 531.0 million USD in 2024.

What will the market size of the US Blockchain in Energy Market reach by 2035?

By 2035, the market is projected to reach a value of 4000.0 million USD.

What is the expected compound annual growth rate (CAGR) for the US Blockchain in Energy Market from 2025 to 2035?

The expected CAGR for the market from 2025 to 2035 is 20.15%.

Which application segment is anticipated to dominate the US Blockchain in Energy Market by 2035?

The Energy Trading application segment is anticipated to dominate the market, reaching 959.99 million USD by 2035.

How much is the Grid Management application segment projected to be valued at in 2035?

The Grid Management application segment is projected to be valued at 1,039.99 million USD in 2035.

What was the 2024 market value for the Renewable Energy Certificates application in the US Blockchain in Energy Market?

The Renewable Energy Certificates application was valued at 120.0 million USD in 2024.

Which key players are anticipated to have a significant presence in the US Blockchain in Energy Market?

Major players expected to have a significant presence include Siemens, Energi, ExxonMobil, and Tesla.

What is the projected market size for Supply Chain Management in the US Blockchain in Energy Market by 2035?

The Supply Chain Management application segment is projected to be valued at 1,239.988 million USD by 2035.

What regional trends are expected to drive growth in the US Blockchain in Energy Market?

Increased demand for renewable energy and efficient grid management are key regional trends expected to drive market growth.

What challenges might affect the growth of the US Blockchain in Energy Market by 2035?

Potential regulatory hurdles and technology integration issues may pose challenges to market growth by 2035.

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