Bitcoin and Its Blockchain Are Driving the Solar Energy Boom
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.....
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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....
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....
Solar energy, like bitcoin, can be an effective tool to protect oneself from poor government systems — and they even work in conjunction.
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....
SolarCoin, an altcoin, rewards people for using solar energy. Created in January of 2014, the goal is to provide an incentive to increase solar electricity use globally over the next 40 years by rewarding the generators of solar electricity, according to the SolarCoin Foundation’s website. SolarCoin works like air-miles for Solar electricity generation. It is claimed by people living in homes with solar energy panels or commercial solar electricity producers. One megawatt hour of energy can be redeemed for one SolarCoin. The foundation maintains a public ledger of SolarCoins provided to....