US DOE Gives $4.8M for Research on Blockchain for Fossil Energy

US DOE Gives $4.8M for Research on Blockchain for Fossil Energy

The Office of Fossil Energy in the United States Department of Energy has just announced $4.8 million in federal funding to universities for research and development projects including Blockchain, according to a press release published by the DOE.

The department of Energy is looking for ideas and developments that would work to upgrade fossil energy uses and to clean up fossil energy reputation. At the same time, the office is working to create better products that use fossil energy and to limit the waste of energy in houses and companies.

“This funding is part of FE’s University Training and Research initiative, which aims to develop the next generation of science and engineering professionals in the fossil energy sector,” says the press release.

Projects will work on the achievement of education and training of the next generation of scientist and engineers, the advance and research on coal-based, fossil energy resources, and the development of early-stage technologies in the affordability of domestic energy resources.

The focus of the researches should be in line of four lines of investigation using blockchain technology.

1. Application of Novel Analytic Method(s) to Determine Arsenic and/or Selenium Concentrations in Fly Ash Waste Streams Generated from Coal Combustion.

2. Cybersecure Sensors for Fossil Power Generation.

3. Modelling Existing Coal Plant Challenges Using High-Performance Computing.

4. Coal Plant Effluent Water Reuse.

DOE released a list of 12 projects that would work in line of the initiative framework, and it is expecting candidates.

“The Office of Fossil Energy funds research and development projects to reduce the risk and cost of advanced fossil energy technologies and further the sustainable use of the nation’s fossil resources,” the announcement concluded.

4.8 million dollars could be seen as a significant amount of money, but a US federal effort to improve fossil energy industry could be more generous. We are talking about an industry that moves billions of dollars, not a new venture that is testing its possibilities.

In any case, it is an excellent step taken by the Office of Fossil Fuel that is now looking into Blockchain as a way to improve its business. Also, to modernise the industry and put it in line of contemporary energy rivals.

Recently Similar News

cex-promotion exmo-promotion

Latest Guides

Latest News

Binance,Binance USA,Launch,USA

Binance USA Opens It Doors To Traders

After months of build-up and uncertainty, Binance USA has officially opened its doors and is ready for users to sign up and enjoy their service. The news of its launch comes not a second too soon for traders, after the international platform closed its doors to US traders last week, following an update to its […]

19 September, 2019
Exmo,EXMO Coin,IEO,Updates

Exmo Announce IEO And Request Beta Testing Volunteers

After a fairly quiet period from Exmo, it is now clear to see why as today, they have announced details of a new IEO and a request for volunteers for stop order beta testing on September 26, 2019. The Summer months were busy for the Exmo team. July saw the announcement of a new partnership […]

18 September, 2019
Commission,Exmo,Payment Solution,Updates

Exmo Announce Commission Changes for AdvCash

Every now and then, we hear news from exchange platform Exmo about updates to their payment provider charges. This time they have made some updates to the commission on deposit and withdrawals for the payment service AdvCash. The largest exchange platform in Eastern Europe announced the news via a blog uploaded earlier today, so if […]

17 September, 2019
Exchange Platforms,KuCoin,Law,Listings

KuCoin Delist 5 Projects from their Exchange

As part of their Special Treatment Rule, KuCoin will be delisting a selection of crypto projects from their platform. The Special Treatment (ST) process sees certain coins remove from the platform due to being deemed to have negative or risky qualities associated with them. These qualities can range from the project not providing appropriate information […]

17 September, 2019
Appointment,BitPanda,Exchange Platforms,Updates

BitPanda Welcome New Chief Financial Officer

BitPanda has had an internal shake around and appointed Peter Grausgruber as their new chief financial offer. The news of the appointment was made earlier on their website, where the new man himself explained, “The focus of my career is to help companies grow”. Something he states will be at the head of his priorities […]

16 September, 2019
Binance,Binance Launchpad,Giveaway,Token Sale

Band Lottery Promo Available Now on Binance

Binance has announced a new lottery to users where they can win a $300 worth of tokens each! As we announced last week, the 9th Launchpad project from Binance of the year was confirmed by the exchange platform to be the Band Protocol. This had raised $3 million in seed investments from 3 different lead […]

16 September, 2019
Derivative Trading,eToro,Exchange Platforms,Updates

eToro Unveil New Programming Language To Assist Derivative Trading

The derivative trading platform, eToro has released a new programming language known as Lira, which aims to help simplify the process of for those who trade derivatives. It has been stated that Lira should help reduce risks involved in settling contracts and the creation of new derivative products from assets that are built on the […]

16 September, 2019

For a Limited Time, You Can Get a Personalised CoolWallet S

Fancy getting yourself a Coolwallet with a personal touch? Then head over to  CoolWallet now and get yourself a customised wallet for you to store your crypto with your name on it. These new customised CoolWallet S cards are offered in a bid to make cryptocurrency investment more attractive to their users. And of course, […]

15 September, 2019