Blockchain in Energy Utilities Market Report 2026

The blockchain in energy utilities market size has grown exponentially in recent years. It will grow from $1.22 billion in 2025 to $1.72 billion in 2026 at a compound annual growth rate (CAGR) of 40.7%. The growth in the historic period can be attributed to rise in digital energy platforms, early blockchain pilot projects in energy, regulatory focus on transparency, increasing demand for efficient energy trading, adoption of renewable energy sources.

The blockchain in energy utilities market size is expected to see exponential growth in the next few years. It will grow to $5.85 billion in 2030 at a compound annual growth rate (CAGR) of 35.8%. The growth in the forecast period can be attributed to expansion of decentralized energy networks, growing investments in blockchain platforms, development of integrated blockchain services for utilities, supportive government policies, adoption of ai and iot in energy management. Major trends in the forecast period include decentralized energy trading adoption, real-time grid monitoring and optimization, integration of smart contracts for energy transactions, enhanced compliance and risk management using blockchain, blockchain-based energy supply chain management.

The increasing adoption of decentralized and renewable energy sources is anticipated to drive the growth of blockchain in the energy utilities market in the coming years. Decentralized and renewable energy sources refer to small-scale, localized power generation systems derived from naturally replenished resources such as solar, wind, or hydropower. The rising emphasis on energy security, environmental sustainability, and economic competitiveness is increasing the demand for decentralized and renewable energy solutions. Blockchain technology is applied in the energy sector to effectively integrate and manage the expanding number of decentralized and renewable energy sources through mechanisms such as peer-to-peer energy trading and enhanced grid management. For instance, in December 2024, Eurostat, a Luxembourg-based government agency, reported that renewable energy represented 24.5% of total energy consumption in the European Union in 2023, up from 23% in 2022. Therefore, the growing adoption of decentralized and renewable energy sources is contributing to the expansion of blockchain in the energy utilities market.

Key players in this market are focusing on developing innovative platforms, such as comprehensive emissions management platforms, to improve transparency and sustainability. These platforms enable data-driven decision-making, streamline reporting, and support sustainability initiatives. For example, in March 2024, Blockchain for Energy (B4E) launched the B4ECarbon solution in collaboration with Enovate AI, leveraging blockchain, AI, and IoT systems for emissions tracking, reporting, and reduction. This solution ensures data accuracy, transparency, and verifiability while enabling intelligent reporting and fostering collaboration across the energy sector.

In November 2024, The Hashgraph Association, a Switzerland-based organization focused on digital innovation, entered into a partnership with Blockchain for Energy to improve carbon emissions management and data transparency within the energy sector. Through this collaboration, The Hashgraph Association and Blockchain for Energy aim to offer energy companies a secure and decentralized platform for measuring, reporting, and verifying emissions, thereby enhancing operational efficiency and minimizing the risk of greenwashing. Blockchain for Energy (B4E) is a Switzerland-based non-profit consortium that develops and delivers blockchain-based solutions for the energy industry.

Major companies operating in the blockchain in energy utilities market are Microsoft Corporation, Enel SpA, Engie S.A., Siemens AG, Accenture PLC, International Business Machines Corporation, Oracle Corporation, SAP SE, Sun Exchange AG, Infosys Limited, COI Energy Services, Electrify Asia Limited, FlexiDAO GmbH, Vespene Energy Inc., Power Ledger Pty Ltd, Lition Technology, LO3 Energy Inc., Energy Web Foundation Inc., Pexapark Ltd, WePower Limited, Blok-Z, Electron Limited.

North America was the largest region in the blockchain in energy utilities market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the blockchain in energy utilities market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the blockchain in energy utilities market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The blockchain in energy utilities market consists of revenues earned by entities providing services such as decentralized energy trading platforms, real-time grid management solutions, secure peer-to-peer energy transfer systems, and compliance and risk management tools. The market value includes the value of related goods sold by the service provider or included within the service offering. The blockchain in energy utilities market also includes sales of products such as smart meters, blockchain-enabled sensors, distributed ledger software, and energy management systems. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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