2 Brooklyn Neighbors Just Traded Solar Energy via Ethereum
Microgrid wants to let neighbors sell excess solar energy over a distributed ledger-based system, and two Brooklyn neighbors completed their very first transaction on the TransActive Grid On April 11, 2016. When dealing with solar energy, there is usually an excess of power than can be sold back to the electricity provider. But some people would much....
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Two Brooklyn residents used the Ethereum blockchain today to facilitate a transaction that let one sell energy directly to the other. The neighbors accomplished the exchange thanks to LO3, a green energy startup working to do to the energy industry what blockchain is already doing to banks. LO3 co-founder Lawrence Orsini said that the exchange is designed to demonstrate how everyday people can use blockchain to facilitate peer-to-peer exchange. Orsini told CoinDesk: “All the projects that we’re working on are squarely focused on the emerging distributed economy, peer to peer concepts.....
Due to its unprecedented growth, the economic importance of the solar energy industry is surpassing that of the fuel energy industry. The solar industry’s exponential growth has boosted solar jobs by 25 percent since 2015, the Solar Foundation reported. Concurrently, Bitcoin and the Internet of Things are becoming an even more integral element of the....
An experimental energy microgrid in Brooklyn, New York, shows how energy-generating homes can become part of a peer-to-peer electricity system, Fast Coexist reports. The project, part of the Brooklyn Microgrid ‒ a distributed energy development group in the Park Slope and Gowanus communities of Brooklyn, creating a connected network for local energy ‒ also shows how distributed ledger technology could enable the emerging "energy Internet." The project starts small: “On one side of President Street, five homes with solar panels generate electricity. On the other side, five homes....
Solar energy, like bitcoin, can be an effective tool to protect oneself from poor government systems — and they even work in conjunction.
Bitcoin, blockchain technology and the Internet of Things are dramatically disrupting every industry sector. They’re especially disrupting the energy and utility sector, including the solar energy trading market. Coincidentally, solar energy prices continue to decline, bringing spectacular new business opportunities while protecting the environment.....