Recently, a well-known European energy company has announced its plans to become the first utility provider to adopt blockchain technology. With over a decade of experience, a record high revenue of €40 in 2019 alone and more than 55.000 customers in Germany and Austria, LCG Energy is among the biggest energy companies in Europe. The company is currently in the process of acquiring multiple renewable energy projects worth more than €80 million, providing its investors with green investment opportunities yielding >20% ROI and allowing it to reach a projected revenue of €200 million in 2020.
LCG Energy: the first utility provider to utilize blockchain
LCG Energy is licensed by the German and Austrian state Federal Network Agencies for Electricity, Gas, Telecommunications, Posts and Railway. Founded in 2008, the company has been supplying electricity and providing services related to the optimization of energy consumption to a customer base of over 50.000 households and small to medium-sized businesses. The company has…