Solarplaza Shines Light on Blockchain Green Energy Prospects
Amidst growing experimentation, a mix of factors leads energy industry pros to believe Africa has is fertile ground for applying blockchain in the power-energy sectors.
Amidst growing experimentation, a mix of factors leads energy industry pros to believe Africa has is fertile ground for applying blockchain in the power-energy sectors.
Envisaged as a milestone on the path to a distributed, all-renewable energy infrastructure, Germany’s NEW 4.0 project is to make use of a Blockchain-based platform that incorporates smart contracts, a distributed ledger and open smart energy exchange.
Electron is working with U.K. gas and electricity market stakeholders in a bid to convince them of the advantages and benefits to be gained from migrating from a hodgepodge of systems currently used to track ownership and operation of grid assets, customer billing, accounts and the like to an open, yet all but incorruptible distributed online ledger and transaction system, such as its Ethereum Blockchain-based platform.
Touted as the next ¨transformational¨ digital information and communications technology, interest and investment in Blockchain projects and ventures is diffusing out from banking and financial services to include power and energy markets. Several issues serve as barriers, however.
Brooklyn, New York’s LO3 Energy is at the leading edge of a fundamental restructuring and retooling of energy production and distribution. A partnership with Siemens should give the startup a big ¨leg up¨ as it seeks to expand use of its Ethereum Blockchain-based, P2P microgrid distributed energy trading software.
Brooklyn, NY-based LO3 Energy is leveraging initial demo installations in the U.S. in a bid to expand globally. Management on Nov. 3 announced it has established itself in Byron Bay, Australia where it is in discussions with local energy market players to build demo installations and pilot P2P energy trading platforms based on Ethereum smart contracts and blockchain RDBMS technology.
The ETLA research team identifies and defines a target state and use case — an adaptive distributed energy resource management platform for an apartment building owned by a Swedish housing society — and proceeds to elaborate how blockchain can be used in concert with other available and required technological components to design and build one.
Mirror images of one another, blockchain-based P2P transaction networks and distributed energy resource management platforms seem to go hand-in-glove. It may be years before the first large-scale commercial platforms are launched, however.
Germany’s Block.it’s Share&Charge mobile app resides atop Ethereum secure blockchain distributed database technology to offer EV charging station owners a means of generating income from their investments.
[wpsm_quote author=”Scott Clavenna – CEO of Greentech Media on Blockchain” float=”left” width=”30″]“When the internet was first introduced, it was hard …