A joint venture started by the Rocky Mountain Institute and an Austrian company exploring the potential of blockchain on energy transactions has attracted a new round of partners and financing in the past six months.

The new Energy Web Foundation announced Monday that 12 global firms and 15 strategic parners have joined as affiliates since the start of Round B fundraising in August 2017. Those include AGL, Duke Energy, Exelon, Innogy, Swisspower and Wipro, among others.

Energy Web Foundation so far has raised about $17 million from a total 37 affiliates. The original 10 includes Centrica, Elia, Engie, Sempra Energy, Shell and TWL.

“Joining the Energy Web Foundation is a further step in the digitization of

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