Enron—yes, that Enron—announced on Monday that it has relaunched to “solv[e] the global energy crisis” with the aid of decentralized technology, some 23 years after the firm collapsed in what was then the greatest corporate fraud scandal in American history.

“With a bold new vision, Enron will leverage cutting-edge technology, human ingenuity, and the spirit of adaptation to address the critical challenges of energy sustainability, accessibility, and affordability,” the newly reformed company said in a statement today. 

Enron has not yet offered much in the way of specifics regarding what exactly it plans to achieve, and how—but the firm says "permissionless innovation” will be a cornerstone of its approach, and that it plans to play a key role in the advancement of “decentralized technology.”

An Enron spokesperson declined comment when asked how exactly crypto might be well-suited to accomplishing the company’s new goals, and whether it has plans to work with any specific blockchains. 

The most tangible information provided by the company today alluded to its plans to invest in renewable energy infrastructure, energy storage, and advanced power distribution systems. 

Enron once ranked among America’s largest energy companies, until a 2001 scandal revealed the company to have hid billions of dollars in debt through systemic fraudulent accounting practices. Enron’s ensuing mul...