Blockchain Technology Could Enable Next-Generation, Peer-To-Peer Energy Microgrids
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 ‒....
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Siemens and New York-based startup LO3 Energy have announced that they are partnering up to collaborate in the field of innovative microgrids through the blockchain, according to a joint press release. The microgrid, which is being planned for Brookyln and was initially started as a pilot project of LO3 Energy, is now being developed further with the aid of Siemens Digital Grid in the U.S. For the first time, a microgrid control solution from Siemens is being combined with the peer-to-peer trading platform from LO3 Energy called the TransActive Grid. The combination of a microgrid control....
The blockchain presents the opportunity of becoming a ‘potentially significant enabler’ for U.K. solar, according to SolarCoin co-founder Francois Sonnet. Speaking ahead of his panel on the future of solar technology at the Managing European Solar Assets event next month in London, he said that Bitcoin’s distributed ledger technology could be utilized across a number of different areas in the U.K. such as operation and management (O&M) and peer-to-peer energy trading, according to a report from Solar Power Portal. He said that the blockchain can help calculate any form of data, which....
The digitalization of money and the innovative reinvention of its transfer through newly introduced technologies like the blockchain technology has marked the beginning of a new financial era; generation of peer-to-peer transactions and financial networks. In that, peer-to-peer lending is becoming a FinTech trend in both the blockchain and FinTech market. More options for low-tier entrepreneurs and employees. Over the past few years, after the introduction of the blockchain technology and its wide range of use cases, entrepreneurs and FinTech startups have begun looking into the....
A New York blockchain startup has partnered with tech giant Siemens as it expands an ethereum-based peer-to-peer energy transfer project. LO3 will work with Siemens to grow its TransActive Grid initiative, which enables participants to sell excess power to other microgrid stakeholders. In turn, Siemens will provide the startup with its microgrid control technology, the two firms said today. LO3 was recently awarded a patent for its decentralized energy transfer work by the US Patent and Trademark Office. Under the partnership, LO3 is working with Siemens’ next47 unit, created earlier this....
The largest engineering corporation in Europe Siemens AG has recently announced an energy collaboration with fintech startup LO3 Energy to create blockchain microgrids. The blockchain protocol aims to enable energy trades facilitated by a distributed ledger platform. Siemens Pairs up With LO3 Energy to Facilitate Brooklyn Energy Solutions on Blockchain.....