Solar energy. Interestingly enough, that turned out Blockchain also allow the distribution of Solar Energy in a community in Brooklyn . Reported at npr.org , that the technology behind Bitcoin cryptocurrency this , it is quite useful to help microgrid projects , while distributing solar energy to neighbors who become users
Robert Sauchelli, the man from Brooklyn who has retired from this job has spent over 21 years to be able to use more energy-efficient and environmentally friendly. Because Robert does not have solar panels, he pays by 7.4 cents for every kilowatt / hour in an alternative energy company. The company is Green Mountain Energy, located Austin - Texas.
Green Mountain Energy is a supplier of energy obtained from Con Edison - New York. However, due to the location of Green Mountain Energy company located in Austin, makes Robert less can get the benefit directly. While electricity bills are also increasing.
In the month of April, Robert joined them on a new project. Initiated by LO3 Energy. The company is a technology company focused on the development of alternative energy distribution and consensus building system, based on technology blockchain.
Through that company, do a test microgrid local environmentally friendly energy technology using blockchain. In this case, it Blockchain technology is used to enable transaction processing energy.
LO3 Energy project named with the name of TransActive grid . Trying to build a solar energy trade in a small community, among the neighbors. In the tests conducted, there are 15 households, with two energy producers and 13 buyers of energy.
With such a pattern, Robert Sauchelli just bought for 7 cents on every kilowatt / hour of energy produced. Or approximately 8-14 dollars per month. While the owner of a solar panel on the small community of solar energy producer is Eric Frumin. So Robert pays the cost of that energy to Eric Frumin, neighbor. Eric, managed to supply the needs of alternative energy to Robert Sauchelli, and some other neighbors.
The rule of law that applies there, do not allow individuals to trafficking in electricity directly to one another. While the pattern of electricity sales to Eric Robert, through the Grid Transactive system is using the token. So as well as when Sauchelli buy alternative energy from Green Mountain Energy.
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